Wall Street legend Jeffrey Gundlach warned in December that the federal reserve appeared to be on a “suicide mission” to be raising interest rates at the same time as U.S. debt is increasing. An expanding deficit can often be a signal for the federal reserve to lower interest rates, instead of potentially compounding a problem.
Banker and author Satyajit Das questioned in April 2018 if in fact the process of normalization after years of quantitative easing to counter recession could “set off a debt bomb.” Das wrote:
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