Are The Feds Goals Realistics?
- 4 years ago
The Federal Reserve is targeting above 2% inflation.
Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices.
"The reality is that the inefficiencies that are building up in the system."
Minerd said misinformation and mistaken investments will pose a challenge to investors.
Minerd also said that in spite of a setback in stocks over the course of the next month, investors should risk assets to go up in price.
Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices.
"The reality is that the inefficiencies that are building up in the system."
Minerd said misinformation and mistaken investments will pose a challenge to investors.
Minerd also said that in spite of a setback in stocks over the course of the next month, investors should risk assets to go up in price.