{"id":131926,"date":"2021-07-13T09:59:23","date_gmt":"2021-07-13T09:59:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=131926"},"modified":"2021-07-13T09:59:23","modified_gmt":"2021-07-13T09:59:23","slug":"analyst-slams-fed-over-inflation-expectations-powell-way-off-the-plot","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/economy\/analyst-slams-fed-over-inflation-expectations-powell-way-off-the-plot\/","title":{"rendered":"Analyst slams Fed over inflation expectations: Powell 'way off the plot'"},"content":{"rendered":"
Fitz-Gerald Group CIO Keith Fitz-Gerald provides insight into rising prices and inflation.<\/p>\n
Fitz-Gerald Group chief investment officer Keith Fitz-Gerald joined FOX Business' "Varney & Co." to discuss the Federal Reserve and inflation. He argued that Jerome Powell is "way off the plot" after he predicted that prices would "reverse over time." <\/p>\n
USED CAR PRICES STEER TOWARD FED CHAIRMAN POWELL'S INFLATION HUNCH<\/strong><\/p>\n KEITH FITZ-GERALD: The right corporations have pricing power because this is companies like Big Tech, for example, that can expand and maintain their margins. <\/i><\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n Even if the economy slows down or prices go higher, people are not going to give up a new iPhone, but they're going to stop buying a loaf of bread. So there's going to be some real, real strange contradictions that come forward as inflation increases. <\/i><\/p>\n CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong> <\/p>\n I think the Fed is messed up terribly. I think Jerome Powell is way off the plot here, and I don't think he gets it.<\/i><\/p>\n WATCH THE ENTIRE INTERVIEW BELOW: <\/strong><\/p>\n <\/p>\n Fitz-Gerald Group CIO Keith Fitz-Gerald provides insight into the markets and inflation.<\/p>\nMarket expert on stocks that will get ‘punished’<\/h2>\n