We are in a new era of higher inflation and the pressure is on the Fed! Inflation is running at 40-year highs and it’s coming from every angle: food, energy, services, goods, rents, and wages which are all increasing.
Is the Fed up to the challenge? Can it rein in inflation without causing a recession? What can we expect as borrowers and investors?
We have lots of questions to ask this week’s guest but we know from his past performance he can take them all in stride.
Paul McCulley is currently an adjunct professor at Georgetown Business School where he teaches a very timely multi-disciplinary course combining law, economics, monetary policy, global finance and behavioral finance.
McCulley says this Fed has the courage to defeat inflation despite recession risk.
WEALTHTRACK #1842 broadcast on April 15, 2022
