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Podcast: Money Life with Chuck Jaffe
Episode: Leuthold Group's Wang: The Fed's job gets much tougher next year
Description: Chun Wang,  senior analyst and portfolio manager at the Leuthold Group, says that the market has priced in a shallow recession -- a near soft landing -- but that the Federal Reserve's record of engineering such a smooth outcome is poor, leaving a strong chance that the central bank tightens too much and dramatically increases the risk and severity of recession. Wang believes that inflation has peaked or nearly peaked, but that it will likely settle in around 5 percent -- a level higher than the Fed wants -- eliminating the obvious moves and leaving much harder choices amid a da...