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Podcast: Money Life with Chuck Jaffe
Episode: Despite rate hikes, economy is strong enough to avoid recession
Description: Molly Schwartz, a portfolio manager on the U.S. Broad Market team at Western Asset Management, says a recession can be avoided for the rest of the year if the Federal Reserve "takes a more measured approach" and sticks to it. Even if there is a recession, Schwartz said what matters is how people feel it, and they're not likely to feel much pain while the job market is still growing and workers are getting raises, and more. Also on the show, Chuck answers audience-member questions about what's wrong with an individual investor taking a flyer on riskier stocks...