Hatfield Says Fed Should Focus on Core Inflation
Jay Hatfield of Infrastructure Capital Advisors says monetary policy should focus on core inflation rather than inflation driven by oil prices, and argues the Fed should back off its rate-increase policy.
The Federal Reserve should back off its "irrational rate increase policy" as monetary policy should focus on core inflation and not inflation driven by oil prices, says Jay Hatfield at Infrastructure Capital Advisors. The Fed should recognize its primary impact is on the interest-sensitive sectors…