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Podcast: Money Life with Chuck Jaffe
Episode: Osterweis' Vataru: 'Cheerleading' for a soft landing won't make it happen
Description: Eddy Vataru, chief investment officer for total return at Osterweis Capital Management, says that investors are thinking wishfully that the Federal Reserve can play with interest rates and inflation to engineer a soft landing for the economy, but he believes any scenario where the Fed is not hiking rates until inflation drops to their target of 2 percent is too rosy. He says the Fed will be as hawkish as possible, trying to set market expectations about rising rates while hoping to engineer a soft landing, but notes that such a smooth outcome is unlikely, and that inflation woes will...