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Fed still needs to ‘shock the market,' original ‘Dr. Doom' economist says

1 month ago   |   By New York Post

Henry Kaufman said Fed Chair Jerome Powell is still 'behind the curve' on inflation.
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Fed Chairman Powell needs to 'shock the market' in the central bank's fight against inflation, says 1970s 'Dr. Doom' Henry Kaufman

Fed Chairman Powell needs to 'shock the market' in the central bank's fight against inflation, says 1970s 'Dr. Doom' Henry Kaufman

1 month ago   |   By Business Insider

The Federal Reserve, led by Jerome Powell, has raised interest rates four times in 2022. Samuel Corum/Getty Images
Fed Chair Jerome Powell needs to "shock the market" as part of the central bank's fight against inflation, Henry Kaufman told the FT.
"If you want to change someone's view... you have to hit them in the face," Kaufman said.
Kaufman's 1982 call on interest rates while working at Salomon Brothers was credited with kicking off a bull market.
The Federal Reserve needs to amp up its resolve in combating inflation that's hovering around four-decade highs, renowned economist Henry...
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