Seth Carpenter, Morgan Stanley’s global chief economist, has warned investors that the Fed could let an economic slowdown last until 2025 if that’s what it takes to bring inflation down.
“They said that they want to tighten policy, to be restrictive, so that inflation gets back to target, but then they said ‘over time’ and I think it’s fair to ask what that means,” he told CNBC’s ‘Halftime Report’.
He also mentioned that many factors including the midterm elections and non farm payroll reports could impact the Fed’s policies.
Regardless, one of the best ways to prepare for a 3 year slowdown is to invest in precious metals. Precious metals like gold, silver, and platinum can hold their value despite inflation and volatile markets.
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