Federal Reserve Rate Hike At ‘Precisely The Wrong Time’ – Faber
Federal Reserve Rate Hike At ‘Precisely The Wrong Time’ – Faber
Marc Faber, the editor of the Gloom, Boom & Doom Report, warned yesterday that the Federal Reserve has raised rates at “precisely the wrong time.”
Speaking to CNBC just before the interest rate decision, Faber warned that it’s the wrong time because “the global economy has decelerated very badly, and many countries are already in recession, or going into recession.”