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Podcast: Money Life with Chuck Jaffe
Episode: NFCU's Frick: A Fed-engineered 'soft landing' is 'a fairy tale'
Description: Robert Frick, corporate economist at Navy Federal Credit Union, says he thinks there is at least a 50 percent chance of a recession, but says that the whole idea that the Federal Reserve can "engineer a soft landing is a fairy tale," noting that a perfect ending to today's economic troubles isn't impossible, but "if it happens, it's just going to happen because it happened," not because the Fed actions caused it. Frick notes "a mild recession could be a tonic to a lot of what ails the economy right now." Also on the show, Gretchen Lam, senior portfolio manager at...