The Fed is Flying the Economy Into Turbulence on a Wing and a Prayer; Also, Shooting for the Stars with the Cancer Moonshot

James Keys and Tunde Ogunlana discuss the Federal Reserve’s aggression in raising interest rates over the past few months, the fallout we can expect from it, and whether such aggression makes sense under the circumstances (01:29).  The guys also weigh in on President Biden’s relaunch of the Cancer Moonshot initiative and the value of taking big swings in government  (45:52).

Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation (CNBC)

Buckle up, America: The Fed plans to sharply boost unemployment (CBS News)

Stock market continues long tumble as economic outlook sours (WaPo)

The Fed Signals More Pain. Volatility Is Sticking Around Too. (Barron’s)

Biden touts his ‘cancer moonshot’ on the anniversary of JFK’s ‘man on the moon’ speech (NPR)

Cancer Moonshot (National Cancer Institute)