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Podcast: Money Life with Chuck Jaffe
Episode: Vanguard's Aliaga-Diaz: Fed won't hit its inflation target til 2024 or '25
Description: Roger Aliaga-Diaz, Americas chief economist and head of global portfolio construction at The Vanguard Group, says that the Federal Reserve and other central banks will be reluctant to stop interest-rate hikes in 2023, and while they will get inflation under control it will be a slow process to get it down to the 2 percent level they are hoping for until at least 2024 and possibly 2025. As a result, any economic recovery is likely to be lackluster, featuring more choppiness and sideways movements than significant, fast rebounds. Alliaga-Diaz says the stock market looks better now than a year ago -- when it...