David Stockman on What Could Happen If the Fed Loses Control
The comments below are an edited and abridged synopsis of an article by International Man
Doug Casey interviews David Stockman. The questions posed:
1. Recently, Fed Chairman Jerome Powell said the central bank’s money printing is designed to help average Americans, and not Wall Street. What’s your take on this?
2. So far, the Fed has been able to successfully manipulate interest rates to historic lows. What are some catalysts that could cause the Fed to lose control and interest rates to spike?
3. The Fed has printed more money in recent months than it has for its entire history. The government is spending as if trillion is the new billion. What is going on here?