The fed the fed the fed today we're Expecting 50 basis points hikes what Happens to inflation here is this your Biggest concern so first of francine Happy to be here and to give a little Perspective we have and these this is Contradictory about to say but both are True very strong u.s economy yeah they Because consumers in great shape lots of Money spending the money Jobs are plentiful wages are going up Though everything is distorted by Inflation all that but those are good News and Businesses are in very good shape and The fed is going to have to raise rates And reverse qa and they're gonna you Know if they can they're gonna try to Slow down the economy enough so that Eight percent starts to come down over Time and i wish them the best yeah you Know we're a little late but you know Remember two years ago we had 15 Unemployment and no vaccine so i think People should take a deep breath give Them a chance and i think they're going To move i think the sooner they move the Better uh so yeah they're going to be Raising deep breaths but can they Engineer a soft landing or is there a Worry of recession of course but none of Us will ever know right but if i had I'm not a betting man i just the odds Are the following something like yes
They can engineer soft landing a 30 Chance probably a 30 chance they can Engineer a mild recession think of we've Had mild fed induced recessions before You know where inflation goes up one and A half for two percent everything slows Down flash is coming down and it's six Or nine months and then there's a chance This can be much harder than that and Then in the face of all of that you have Ukraine which is a huge global issue and Do you fear the fed and do you fear a Policy mistake from the fed and what That does to consumers i'm not I'm not afraid of the fed i you know I'll change the subject a little bit i Think america needs very good domestic Policy to improve the growth of the Economy which makes the fed job easier And that is about regulations and rules And policies and and improving projects And things like that so you have you Know increase the supply side as opposed To you know do some of the demand side So the fed's job would be easier if we Had very rational thoughtful economic Policy
