Wealthion · Tuesday, August 4, 2026
Jesse Felder believes the US is experiencing a slow-motion debt crisis. He is critical of Federal Reserve Chair "Warsh" (Jerome Powell is likely meant, but the transcript is unclear) for not clarifying the Fed's reaction function to inflation and nominal GDP growth, leading to a lack of market confidence.
“I do believe we're watching kind of a slow motion debt crisis unfold.”
“The Fed may be facing a series of rate rate hikes over the next six to nine months. Honestly, I think it's the beginning of the end.”
“So, you know, if you're not going to tell us how you're looking and what your preferred inflation measure is, and how you're going to react to it, then we can't have confidence that you're going to address it, you know, if it becomes a problem.”