The Fed Can't Do Anything About It

Steve lee: The fed can't do anything about crops not being planted in ucraine, or grain sitting in silos and ucrane that is inflating food prices at this point. He says we're pricing in three and a half to three and three quarters plus demand destruction from a potentially pressured consumer. And what kind of economy is that? Steve lee: It doesn't really matter if the fed is right or wrong on bringing down inflation in the first phase of this tightening cycle. There's no excuse to be at zero, or even zero point three, seven, five.