So say two savants from Principal Financial, at CIO’s Summit.
Tag: Federal Reserve
With Democrats ruling the White House and Congress, bigger federal spending should spur yield-raising inflation, report contends.
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
In four years or so, due to loose monetary policy, the CPI will be jumping by 5% to 10%, the renowned financier says.
They don’t pay much interest, and future price appreciation is so not happening. Still, they have their uses.
Hardly anybody thinks they’ll take root, pointing to their blah record overseas. Not so fast.