Reported about 3 hours ago
In a recent discussion, Jay Hatfield, CEO of Infrastructure Capital Advisors, criticized the Federal Reserve for its 'terrible fundamental flaws' impeding its ability to manage monetary policy effectively. He argues that the strict 2% inflation target should be adjusted to a range, points out that the Fed relies on outdated data, and emphasizes that their lack of focus on the money supply leads to poor inflation forecasting. Hatfield believes addressing these issues is crucial for economic stability.
Source: YAHOO