Peter Boockvar: The Fed Has Overdosed on Social Justice

Peter Boockvar: The Fed Has Overdosed on Social Justice

Fergus Hodgson, 22 September 2016

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The Federal Reserve’s Open Market Committee has chosen to resist raising the federal-funds rate, the base interest rate in the U.S. economy. Peter Boockvar delivers the skinny on how these decisions are always influenced by politics, and why a corrective recession is inevitable and will only worsen with time.

Boockvar is managing director and chief market analyst for the Lindsey Group LLC and co-chief investment officer for Bookmark Advisors, and he is building his own blog-style publication, the Boock Report. In particular, he makes the case that Fed officials should not be relied on for market savvy: “They only, obviously, discover