In Part 1 of this interview, Steen Jakobsen explained why Fed Chair Jerome Powell announced this week that - to fight the inflation it has played a central role in creating - the Federal Reserve will accelerate its tapering program and likely hike interest rates three times in 2022. Because the Fed will suddenly now pursue a more hawkish course than the markets have been accustomed to for the past decade, Steen predicts 2022 will be a much more volatile year for stocks, bonds & other financial assets than investors are used to.
...