If the Federal Reserve wants to get inflation back down to its long-term target of 2%, it needs to cut interest rates, not raise them, according to Ritholtz Wealth Management CIO Barry Ritholtz.
That view runs counter to what many economists and the Fed think, with Fed Chairman Jerome Powell set to raise interest rates once again at the FOMC meeting later this month.
Read More : Chief Investment Officer (CIO) Advocates Interest Rate Cut by the Fed to Stabilize Inflation at 2%