10-31-19 The Fed, The Recession, and Inflation

Has the Fed used up all of its dry powder in lowering rates again...or, as Chairman Powell stated twice, is the Fed resigned to NOT fighting inflation until it becomes unbearable--and to whom?? RIA Advisors Chief Investment Strategist Lance Roberts w Portfolio Manager Michael Lebowitz examine the landscape, with a bit of history on the origin of stock buy backs in modern times, and the unintended consequences of Bill Clinton's legislation to cap executive pay.