Stephen Moore: The Federal Reserve Has Been Wrong For The Last Nine Months On Inflation

Listen To The Full Interview Below:

Stephen Moore, distinguished fellow of economics at the Heritage Foundation joined the Guy Benson Show to react to the federal reserve hiking rates by 0.75 percentage point for second consecutive time this year.

Moore reacted to the fed hike saying,

“Yeah. So first of all, the Fed has been wrong for nine months. Let’s start with that. Right. They everything that they’ve said for the last nine months has been completely wrong. And so they don’t have a lot of credibility. Right. I mean, they were the ones who said it was transitory. They were the ones who said we we wouldn’t see runaway inflation. They are the ones who said we were at peak inflation and it keeps getting worse and worse.”