Sri Kumar lays out his 'doomsday scenario' if rates continue to rise
Komal Sri-Kumar, Sri-Kumar global strategies president, joins 'Closing Bell' to discuss the impact of rising rates on stocks, markets, and the Fed. "The difference today is the Fed is promising only to keep the short-term interest rates unchanged," Sri-Kumar said. "They can try to keep it down, but if inflation continues to rise, the 10-year yield at 2 percent will be unsustainable and the markets will not trust the Fed. That is when everything falls apart."
Tue, Mar 30 20214:37 PM EDT