Kyle Bass on why the Fed will fail + the real reason why China’s locking down its people

CNBC, Released on 4/27/22

Part 1 (part 2 below)

"Clearly the Fed overcooked it–they overdid this. When you make 40% more money the price of everything goes up about 40%. Now they are trying to unwind that," says @jkylebass on #inflation. "I don't think they'll get very far." pic.twitter.com/1TRdCctUe5

— Squawk Box (@SquawkCNBC) April 27, 2022

Part 2

"China didn't have any problems with the virus in the first two or three rounds with the global pandemic, and now it is pretty convenient they are having trouble with the virus at a point in time in which food prices were at a multi-decade high," says @jkylebass pic.twitter.com/Ts3FcqFJ5W

— Squawk Box (@SquawkCNBC) April 27, 2022

Kyle Bass is an American hedge fund manager. He is the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global event-driven opportunities.