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Kyle Bass Believes Fed Will Be Forced To Abandon Hiking Rates As Stocks Crash

by Zero Hedge
January 13, 2022
in Politics
Kyle Bass Believes Fed Will Be Forced To Abandon Hiking Rates As Stocks Crash

During an interview with CNBC Thursday afternoon, Hayman Capital founder Kyle Bass joined Jeffrey Gundlach and other astute observers of the market by postulating that the Fed won’t be able to succeed with its planned 4 interest-rate hikes by the end of the year. “Gundlach said that the Fed could get to 1.5% on the Fed funds rate, which might happen in the next 12 to 18 months. But that would trigger a recession,” he said. But by the time the Fed gets to the second hike, markets will tank, forcing the central bank to backtrack. Kyle Bass agrees […]

Read the rest of this story here: www.zerohedge.com

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