The Fed’s forward guidance fueled the housing bubble. Bernanke’s transparency misled borrowers, who took on excessive debt due to the promised steady, slow rate hikes. Credit standards plummeted, and the inevitable problems followed. It’s time for a more responsible monetary policy! This clip is from Episode 896 of The Peter Schiff Show. To listen to the full episode, visit https://SchiffRadio.com #fed #housing #bubble #transparency #fail #powell #bernanke #federal reserve #forward #guidance #in
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The Fed’s forward guidance fueled the housing bubble. Bernanke’s transparency misled borrowers, who took on excessive debt due to the promised steady, slow rate hikes.
Peter Schiff. Peter Schiff · Original audio. The Fed’s forward guidance fueled the housing bubble. Bernanke’s transparency misled borrowers, who took on excessive debt due to the promised steady, slow rate hikes. Credit standards plummeted, and the inevitable problems followed. It’s time for a more responsible monetary policy! This clip ...
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