Peter Boockvar, the chief market analyst for the Lindsey Group
by Peter Boockvar
I can’t let an opportunity go by without criticizing a Fed official. I believe their feet should be held to the fire after creating a huge asset price bubble and culture of debt that is dragging down economic growth.
Fed President John Williams comments yesterday really got me angry. First, he suggested possibly raising the Fed’s 2 percent inflation target. This reflects an amazing cluelessness of the damage this would do if realized.
We are in an epic bond bubble globally where higher inflation would be kryptonite. With the bond monster central bankers have created, the last thing they should want is higher inflation.