Lacy Hunt: Fed’s Been “Stealth-Easing” Since December
“We’re seeing a major secular shift, that we’re now moving into a period of capital shortage, as well as we’re witnessing the end of the three-decade period of globalization, which led to significant disinflation.”
“There will be intermittent episodes when the secular forces will fade, but the big picture is considerably different. We’re going to have higher inflation. We’re going to have greater volatility in inflation. The trend in interest rate is going to be higher. And we’re going to have generally poor economic performance.”
https://www.zerohedge.com/economics/lacy-hunt-feds-been-stealth-easing-december