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

Per CNBC

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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