Asset Allocation Bi-Weekly - The Selling of Austerity (6/27/2022)

Following the Fed's decision to raise interest rates, Federal Reserve Chair Powell stated that the Fed's goal is to bring about 2% inflation while keeping unemployment down. But, achieving the first goal will almost certainly mean a weakening labor market. How do you sell the necessity of a weakening labor market to the public? The Fed appears to have a strategy. Confluence Chief Market Strategist Bill O'Grady joins the podcast to discuss.