This week’s inaction by the Federal Reserve Board amid inflation was not only surprising to former Trump economist Stephen Moore, but alarming to the markets.
“I expected the Fed to take some pretty concrete steps to try to bring this inflation under control,” Moore told “The Cats Roundtable” on WABC 770 AM-N.Y. “And the Fed basically said, ‘well, we’re a little bit worried about inflation but we’re not going to do anything late 2022 or 2023.’
“That was a big issue for the markets.”
Read more at Newsmax© 2021 Newsmax. All rights reserved.