ibankcoin.com / Dr. Fly / Mar 6, 2017
Former treasury official and current ‘scholar’ at Brookings Institute, Aaron Klein, was on CNBC this morning telling America to get ready for rate hikes ‘all year long.’
He likened the Fed’s pace as a race towards 1.5%. This is unacceptable.
“The Fed is racing to get to 1.5 percent for the interest rate so that they can get above the next recession and get out in front,” Klein said Monday on CNBC’s “Squawk Box.”
“There were false starts year after year after year,” said Klein, an economic studies fellow at Brookings and a former deputy assistant secretary for economic policy at Treasury. “I think people are going to start to get used to regular Fed rate hikes all year, starting now.”