Mission accomplished, Yaruss says it's time for the Fed to cut rates

Money Life with Chuck Jaffe

Howard Yaruss, professor at New York University and author of "Understandable Economics,” says the Federal Reserve should "consider a small rate cut, as soon as possible," in part because the central bank has done a good job — as measured by certain inflation measures — in at least coming close to its target levels, but also because other central bankers around the globe have started to cut, and there could be some issues arising if U.S. monetary policy is out of sync with the rest of the world. Yaruss sees the economy mostly avoiding significant recession and downturn until at least 2025. Todd Rosenbluth, head of research at VettaFi, goes out the risk scale by picking a fund that targets junkier junk bonds as his "ETF of the Week," Cassandra Happe talks about the latest survey from WalletHub which showed that commuters and long drivers are more upset with inflation than consumers with large families and bigger grocery bills, who are more focused on rising food prices, plus Rob Spivey, director of research at Valens Research, talks stocks in the Market Call.