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Podcast: Money Life with Chuck Jaffe
Episode: SSGA's Milling-Stanley: The Fed will push the economy into recession if it must
Description: George Milling-Stanley, chief gold strategist at State Street Global Advisors, says that the Federal Reserve's signals that it will do whatever it takes to get inflation under control has created conditions in which all markets -- stocks, bonds, commodities and more -- suffer. While Milling-Stanley doesn't think the Fed wants to create a recession, but he says it will take that step if that's what's needed to "knock out any sense that inflationary expectations have become embedded" in the economy. Also on the show, John Petrides, portfolio manager at Tocqueville Asset Management, says the market is at a crossroads, w...