How does the fed thread the needle in terms of bringing down inflation, without realy giving a time line? The market has impose this power that they don't possess upon them. And what they can do is manufacture a slow down to where consumption has impediments and thereby impacts purchasing patterns. What they cannot do is control the impact of the externalities that are courtesy of of the war in eastern pe, in covid lockins and in china right now.
BNY Mellon Pershing CEO Jim Crowley and COO Emily Schlosser discuss meeting financial advisor and wealth manager demands. Ben Harrison, Co-Head of Wealth Solutions at BNY Mellon Pershing, explains the evolution of the advisory model. Bloomberg News Senior Markets Editor Edward Harrison shares the details of his Businessweek Magazine story The Fed Tried to Protect Main Street. Now Everyone May Suffer. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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