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Why the Fed is stuck between a rock and a hard place – Will Rhind

Kitco News, Released on 9/6/19

The world has seen a “paradigm shift” where nothing is the same as before, and the Fed has difficult choices to make, says Will Rhind, CEO of GraniteShares.

“On the one hand you could make the case for, which obviously the president would make, that yes, interest rates are too high and it’s now against the backdrop of almost zero if not zero or negative rates in other countries and the U.S. is at a competitive disadvantage. On the other hand, you could say that even now with the rates coming down, the rates are still very, very low by historical standards and it’s still a nightmare for savers and for anybody that’s looking for income in the market,” Rhind told Kitco News.

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