The Fed has a dual mandate of price stability and full employment, and they are badly missing on the price stability part right now, says Stewart Russell, Chief Investment Officer at YieldX. He thinks we will be hearing the term stagflation going forward, he adds. Stewart says the economy is slowing, but continues to grow. We have seen a huge move on interest rates in the last week, he explains. Lastly, he says they think there is still some good opportunities on the income side of things.
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