The Fed’s boosting of the economy by keeping interest rates low disproportionately helps rich people and thereby actually disadvantages those in need.
Kashkari said many U.S. economic sectors faced rapidly rising prices and were struggling to adjust to reopening after the shutdown.
Bond King sees a "pretty substantial" fall in USD between deficits and inflation. Although he admits it will take time and not be a straight drop.
“In fact, we’ve never witnessed breadth this weak with major indices at all-time highs," says Mike Wilson, warning of rapid disappointment ahead.