Fed In An Impossible Position

The Fed is in an almost impossible position between balancing financial stability and inflation, says Kevin Gordon. The key is how many ripple effects there will continue to be from the SVB collapse. He says the Fed could follow the BOE and ECB and keep one foot on the gas and one on the brake. Powell is unlikely to take a stop-and-go approach because he doesn't want to follow the mistakes of the 60's and 70's.