Billionaire Chamath Palihapitiya Predicts Corrosion of the Economy, Says Fed Rate Hike Could Cause Real Damage

Billionaire venture capitalist Chamath Palihapitiya believes that the Federal Reserve did the worst thing possible by raising interest rates by 25 basis points amid the crisis in the US financial system. In a new episode of the All-In Podcast, Palihapitiya says that the Fed should have hiked interest rates by 50 basis points, which he The post Billionaire Chamath Palihapitiya Predicts Corrosion of the Economy, Says Fed Rate Hike Could Cause Real Damage appeared first on The Daily Hodl .