Fed’s Inflation Efforts ‘Likely to End Disastrously’ Says Pomp
Cointelegraph
Published Aug 06, 2020 12:08AM ET
Updated Aug 06, 2020 01:40AM ET
Morgan Creek’s Anthony “Pomp” Pompliano says the Federal Reserve’s attempts to control inflation are likely to end in disaster — which will benefit Bitcoin.
The Fed is currently completing an annual policy review and reportedly considering a plan to not raise interest rates until inflation hits 2%. In a Aug. 5 letter to subscribers titled The Wizards of The Federal Reserve Pomp said the Fed’s efforts to ramp up inflation has put it “on a path that could end disastrously.”
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Written By: Cointelegraph
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