The Fed Did What They Were Suppose To Do: Lavorgna

Joseph Lavorgna, SMBC Americas Chief Economist, states “they did what they were suppose to do” when sharing his thoughts on the Federal Reserve opting to keep interest rates steady. He also talks about the potential economic risks from higher prices in gas and oil, and discusses how long he thinks the US economy can withstand these prices. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)