The markets react to the Fed’s strategy to combat inflation with the first rate hike in over three years. Former Vice Chair of the Federal Reserve Roger Ferguson considers whether six more hikes in 2022 would increase the probability of a U.S. recession, and whether investors are haunted by the last time the Fed tried to fix inflation with big hikes. Plus, President Biden has some sharp words for President Putin, and Netflix might be cracking down on shared accounts. In this episode:Steve Liesman, @steveliesmanJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKlaire Odumody, @klairemarie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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