Inflation Hits A 40-Year High. How Can The Fed Fight It?

Inflation continues to drag on the U.S. economy, with many Americans forced to adjust to harsher financial realities as the Consumer Price Index spiked to 8.6 percent just last month. Market fears about the pains of inflation have been realized, with the Dow dropping over 800 points and the S&P teetering toward a bear market. Moody Analytics Chief Economist Mark Zandi and former Trump economic adviser Stephen Moore join the podcast to break down the root causes behind soaring inflation, how the Federal Reserve may respond and to share their forecasts for the trajectory of the U.S. economy.