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Pinebridge's Schomer says Fed won't raise rates for years

Author
Money Life with Chuck Jaffe
Published
Thu 05 Aug 2021
Episode Link
https://moneylifeshow.libsyn.com/pinebridges-schomer-says-fed-wont-raise-rates-for-years

Markus Schomer, chief economist at Pinebridge Investments, says in the Big Interview that worries over rising inflation and interest rates are significantly overblown, noting that the shortages behind price hikes should mostly be resolved by the year's end, and adding that there are no rate hikes in the Federal Reserves 'foreseeable future,' because the central bankers can't achieve their jobs/employment targets in a rising rate environment. Also on the show, Tom Lydon of ETFTrends.com highlights a new exchange-traded fund that is a pure play on companies mining and developing uses for cryptocurrencies, and Andy Braun of the Pax Large Cap fund talks stocks in the Market Call.

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