In trading, you have to be defensive and aggressive at the same time
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The Fed, if it keeps hiking rates, will cause a recession: Ex-Trump economic advisor Stephen Moore
The Federal Reserve needs to stop increasing interest rates or risk putting the U.S. economy into a recession, former Trump economic advisor Stephen Moore told CNBC on Monday. "The only thing that really worries me about the economy right now is what the Fed is doing," said Moore, co-author with conservative economist Art Laffer of the book "Trumponomics." In a "Squawk Box" interview, Moore disputed the notion that the Fed needs to hike rates in order to create room for future cuts should a recession materialize. "The Fed is what's going to put us in the next recession if they keep raising rates," he warned. The Fed ... (full story)