Welcome to the Money Tree Investing Podcast.

Stock market, wealth, personal finance, value stocks, invest in your life.

Hello, Smart Money Tree Podcast listeners. Welcome to the week show.

My name is Kirk Chisholm and I'll be your host.

So today, once again, I'm joined with my friend Doug Hagerin. Hey Doug.

Hey, Kirk, good morning again. It's becoming a pattern. You know, we'd be hanging out so much lately.

Hopefully your wife doesn't start asking questions, Doug. She might. Don't ask, don't tell. Anyway, let's just get cracking at it. So this week, we had the, well, actually last week, because it was coming out on Wednesday, Federal Reserve raised

interest rates by 75 basis points, so we're between 3 and 3 and a quarter percent, which is

not a surprise to anybody, but it's still higher. And obviously, the trend is in that direction.

So, Doug, when you see the rates rise, 75 basis points, kind of like, what comes to mind for you?

Well, I'll tell you what comes to mind. It came right out of Powell's mouth. I think he invoked

Volker's name four times and eight minutes. And that tells you, tells you what he's focused on.

The takeaway from Jackson Hole that I got not only from my own interpretation, but listening

to some experts out there that include Bob Stein of First Trust and some other really solid

economists is Volker's mad. He's really mad right now. And you know what he's mad about? He's mad

that nobody was taking him seriously. I'm sorry, Volker. I meant to say, pal, but hey.

Powell would appreciate that.

He's mad, and he's mad about the fact that nobody's taking him seriously.

So here's what happened.

He started to raise rates that we want to fight inflation.

And he started to raise those rates.

And then what happened?

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