Host of KMOX’s Dollars and Sense show and certified financial planner Dave Simons joins the Mark Reardon Show to discuss the U.S. Federal Reserve raising interest rates by three quarters of a percentage point, how that will affect inflation, and what investors should do now with Ryan Wrecker who filled in for Mark Reardon.
“The problem is the Fed kept stimulating the economy. They kept adding liquidity into the economy, and fuel to the fire. That’s really what they were doing, and pretty much everyone was screaming, Stop!’,” Simons stated.
Later he commented, “Now is not the time. When we’re trying to slow inflation down, you can not give people a free pass. You can not write off debt, and you cannot continue to stimulate the economy!”
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