CNN New Day Weekend June 4, 2024 12:35:00
Period of heightened inflation as we get the supply chain problems under control, but the fed has absolutely committed that they're going to do whatever it takes to get the inflation rate down. and so that's meant raising interest rates. i think what happened with the stock market is they saw the inflation numbers and said, okay. it's going to be fine. the fed will stop its rate increases and then chairman powell gave this speech in which he said, we might not stop. we're full speed ahead. we're going to keep raising the rates to make sure the inflation is gone. that disconnect means for pain....