Howard Marks Rebukes Fed for Inflating Prices, Enriching Rich

Oaktree Capital Group Co-Founder Howard Marks says the Federal Reserve was wrong to cut rates last month. Why? Because more monetary stimulus will just boost asset prices further, making the rich richer without benefiting savers.

 

 

 

 

 

 

 

 

 

 

https://www.bloomberg.com/news/articles/2019-08-08/oaktree-s-marks-rebukes-fed-for-inflating-prices-enriching-rich

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