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Fed’s Inflation Efforts ‘Likely to End Disastrously’ Says Pomp

Published 08/06/2020, 12:08 AM
Updated 08/06/2020, 01:40 AM
Fed’s Inflation Efforts ‘Likely to End Disastrously’ Says Pomp

Morgan Creek’s Anthony “Pomp” Pompliano says the Federal Reserve’s attempts to control inflation are likely to end in disaster — which will benefit Bitcoin.

The Fed is currently completing an annual policy review and reportedly considering a plan to not raise interest rates until inflation hits 2%. In a Aug. 5 letter to subscribers titled The Wizards of The Federal Reserve Pomp said the Fed’s efforts to ramp up inflation has put it “on a path that could end disastrously.”

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