'Junk Bond' King Michael Milken Foresees Fed Dodging 1970's-Style Inflation: 'History…Repeats In Different Ways'

'Junk Bond' King Michael Milken Foresees Fed Dodging 1970's-Style Inflation: 'History…Repeats In Different Ways'

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Noted investor, Michael Milken, has predicted that the Federal Reserve will adopt a careful approach to monetary policy to avoid a repeat of the 1970s-era severe inflation. What Happened: CNBC reported on Dec. 11, 2023, that Milken, the founder of the Milken Institute, expects the central bank to…

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