Economics
Fed Risks a Hawkish Policy Mistake, BlackRock’s Thiel Says
- Thiel says supply, not excessive growth, is driving inflation
- Flattest yield curve since Oct. 2020 flashes economic warning
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
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BlackRock Inc.’s chief fixed-income strategist warns the Federal Reserve risks a hawkish policy mistake as it strives to extinguish inflation largely caused by the chaos in global supply chains.