Fed has to be ‘far more aggressive…than the Street thinks,’ says academic who called Dow 20,000: ‘This is too much money chasing too few goods’
January 12, 2022 at 14:20 PM EST
Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton School of Business, on Wednesday sounded sanguine about the equity market, even as he conceded that inflation is likely to be more pernicious than Wall Street expectations, causing the Federal Reserve headaches.
