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<ul><li>Jim Bianco commented that the sudden fall in interest rates would help cease the deposit flight and financial instability.</li><li>Bianco added that it would however result in inflation the next year.</li><li>It was reported that despite the massive withdrawal of deposits, the Fed called the banking system ‘sound’.</li></ul>Jim Bianco, the President, and Macro Strategist at financial research institution Bianco Research LLC shared his opinion on the Federal Reserve’s interest relaxations to confront the current financial instability and turmoil. He posited that though the immediate drop in the interest rate helps cease the deposit flight, it could result in the next year’s inflation.Notably, on March 26, Bianco tweeted via his official page that the sudden fall in the interest rates could create a “massive stimulus for the economy and push inflation to 9% next year”:<a href="https://coinedition.com/interest-drop-will-result-in-next-years-inflation-strategist-says/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Interest Drop Will Result in Next Year’s Inflation; Strategist Says

Coin Edition

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