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Podcast: Money Life with Chuck Jaffe
Episode: TruStage's Rick: Fed will hit both of its key targets in the next few months
Description: Steve Rick, chief economist at TruStage, expects a unique occurrence in Federal Reserve actions between now and election date, with inflation dropping down to its target rate of 2 percent while the labor market reaches equilibrium, with the unemployment rate hitting 4.5 percent. Rick says that good news -- which will be accompanied by rate cuts from the central bank -- will push any potential recession back into 2025 and possibly '26, with economic growth falling below 2 percent, under long-term norms but not so bad that the economy craters. David Trainer, founder and president, New Constructs, pulls a shocker in the "Danger...