Apple (AAPL) Hits New Highs & How The Fed Is Handling Inflation

Government debt can be a problem if the associated purchasing power is unleashed on the economy and that causes inflation, notes Paul Sheard. He discusses how stocks are mixed as Apple (AAPL) hits a new record high. He talks about how the recent mini-banking crisis highlighted problems in the U.S.'s patchwork regulatory system. He also goes over how the Fed made a big policy error in allowing inflation to spike. He mentions how the Fed has handled rising inflation, as well as what a recession would mean for the economy. Tune in to find out more about the stock market today.