Wells Fargo's Michael Schumacher: FED is Raising Rates too Slowly, 'Why Not Just Rip Off the Band-Aid?'


Michael Schumacher from Wells Fargo Securities says the Federal Reserve is raising rates too slowly. The head of macro strategy said if it were him, he would seriously consider a 150 basis point hike.

Schumacher acknowledged how this move could violently shake the markets and suggests the bond market is "not a bad place to hide out."

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