Barry Ritholtz: 'I hope Powell doesn't snatch defeat from the jaws of victory'

<p><a name="m_-8287405720105558083__Hlk136323299" id= "m_-8287405720105558083__Hlk136323299"></a><a href= "https://www.ritholtz.com">Barry Ritholtz</a>, chief investment officer at <a href="https://www.ritholtzwealth.com">Ritholtz Wealth Management</a>, says the Federal Reserve has done a good job reducing inflation, but he worries that chairman Jerome Powell could over-tighten the economy into a recession, largely because the central bank is tied to models from the 1970s and following an outdated gameplan from that era that could make inflation worse today. In a wide-ranging conversation, Ritzholtz expresses a largely optimistic view predicated on the Fed's strategy not making difficult conditions worse than they need to be. Also on the show, Chris Vermeulen, chief market strategist for <a href= "https://www.thetechnicaltraders.com">The Technical Traders</a>, says that the big indexes have 'hit a wall,' and that the market needs to gather itself with a sideways move or slight step-back before it can break out of its current range. Plus, in the latest edition of '<a href="https://www.FindMeTheMoney.com">Find Me The Money</a>,' forensic accountant <a href= "https://www.fraudcoach.com">Tracy Coenen</a> talks about the spending and money-movement patterns that are telltale signs that family money is being diverted, noting that there aren't many ways a spouse can hide money once their partner knows where to look.</p>