Fed is paralyzed by the market: Raoul Pal

...Pal is known for making bold predictions. In November 2014 he called the rally in the U.S. dollar index and more recently, he said that European banks were going to zero. He know thinks the U.S. is entering a recession. In addition, Pal has argued that rather than proceed with another hike, the Fed will have to resort to negative interest rates.