Marc Rowan, First Republic, Stagflation, and AI (Podcast)
Bloomberg Intelligence
00:00
The Fed's Role in the Market
Stagflation is a slowing economy and high inflation. That sounds bad, right? Well, it depends on what you're in, right? I keep saying to people, this is maybe not your mother's stagflation. People are calling it stagflation light. So maybe zero to 1% growth inflation staying above the Fed's target. And we have no debt ceiling. In the Miller household,. Yes. That's not good. When I go shopping, I'm like, wow, that those berries are expensive. I think I can live on bananas, you know, whatever's cheaper. Everything I do is more expensive. The first time you've ever been to a factory outlet store?
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