The hard truth is the Fed is tightening into a slowdown, says Goldman’s Tony Pasquariello

CNBC Television published this video item, entitled “The hard truth is the Fed is tightening into a slowdown, says Goldman’s Tony Pasquariello” – below is their description.

Tony Pasquariello, Goldman Sachs head of hedge fund coverage, joins ‘Closing Bell: Overtime’ to discuss Fed Chair Jerome Powell’s testimony to the Senate Banking Committee this morning and how difficult it will be for the Fed to get inflation under control.

CNBC Television YouTube Channel

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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