- Jeremy Siegel said inflation could spike to 20% in the next few years in an interview with CNBC on Friday.
- The Wharton Professor called Fed chair Jerome Powell the “most dovish chairman” he’s ever seen.
- “I’m predicting here that over the next two, three years we could easily have 20% inflation,” Siegel said.
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Wharton professor Jeremy Siegel said inflation could spike to 20% in the next two or three years due to “unprecedented” fiscal and monetary stimulus and an explosion of the US money supply.
“I’m predicting here that over the next two, three years, we could easily have 20% inflation with this increase in the money supply,” Siegel said in a recent interview with CNBC.
Siegel went on to criticize Fed chair Jerome Powell for not acting to quell inflation in the near term.
The Wharton professor called Powell…