The Fed made a fatal mistake that will hurt us in 2023, says respected investment guru
Renowned finance professor, seasoned investor, and investment guru Jeremy Siegel sees significant flaws in the Fed's actions that could have dire consequences, while reminding us that they are making the same mistakes they made a year ago. Jeremy Siegel even says Jerome Powell is making one of the biggest policy mistakes in the Fed's 110-year history. What does he mean by this and what are the potentially catastrophic consequences of the Fed's actions?
Jeremy Siegel
Jeremy Siegel is an investor, economist, professor of finance and also comments extensively on the economy and financial markets. He appears regularly on networks including CNN, CNBC and NPR and writes regular columns for Kiplinger's Personal Finance and Yahoo Finance.
- The last Fed meeting was a highly speculative topic. Once again, investors split into two camps. The former sees the 75bps hike as weakness and an unnecessary drag on inflation for another x months, and the latter again see it as an aggressive and unnecessarily…
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