The Federal Reserve has a problem articulating how to, "step-back a plan," after kicking it into overdrive, says Nomi Prins, best-selling author and investigative journalist. With markets overacting to the Fed being late to, "doing their job," Prins tells our Daniela Cambone that the institution is creating abstract fear and uncertainty nationally, on the final episode of Outlook 2022: The Tipping Point. She believes Chairman Powell is not oblivious to what’s going on, and is aware of a possible market plummet in an election year with, "already inflated highs," on top of seeing a significant correction already on their watch. "The supply-chain issues will diminish to an extent," but we are still seeing significant issues where its going to take some time to balance itself out, she says. Prins concludes the supply-side problem related to the supply-chain crisis was growing before and exacerbated by the pandemic.
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