High Interest Rates Are Not the Problem; Decades of Low Rates Were: Grant Williams

Investor and author Grant Williams is a senior advisor at Matterhorn Asset Management and publisher of the "Things that make you go hmm" financial newsletter. Courtesy of Grant Williams

In a viral exchange back in March, Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chair Jerome Powell over the unemployment caused by the Fed’s recent rate hiking cycle.

“Do you call laying off two million people this year not a ‘sharp’ increase?” the senator asked. “Explain that to the two million families who are going to be out of work.”