"Jerome Powell said that he admired Volker because he was willing to do what it takes. Interest rates are likely to continue to climb until the Fed changes their stance," says Eddy Gifford. Then, he provides his stock picks, which include Roku Inc. (ROKU), Vertex Pharmaceuticals (VRTX), and Dollar Tree (DLTR). Additionally, Gifford weighs in on some ETFs as a hedge: ProShares UltraShort 20+ Year Treasury ETF (TBT), ProShares Short QQQ ETF (PSQ), and ProShares VIX Short-Term Futures ETF (VIXY).
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