On Monday, prominent economist and former White House official Tyler Goodspeed warned that the two expected hikes in the key interest rates next year will likely be insufficient to stop the growth of inflation.
“We are still $1.8 trillion cumulatively short on business investment. So I think the bigger picture macro situation still points to a lot of inflationary pressure, and I don’t know that the two rate hikes are going to cut it,” Goodspeed said during an appearance on Fox News.
