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Podcast: Money Life with Chuck Jaffe
Episode: LendingTree's Channel: The Fed can't fix all of the economy's woes
Description: Jacob Channel, senior economist at LendingTree, says that while everyone is counting on the Federal Reserve to beat back inflation and tackle the economic problems facing the nation, 'the reality is that some of the issues we are facing aren't the kind of issues that the Fed has the ability to fix." He warns that if global supply chains struggle, prices will remain high no matter what happens with interest rates, and a worst-case scenario would be stagflation where unemployment is rising but prices email high; while that is not his base case for what's next, he expects a r...