Just as Fed Chairman Jerome Powell warns that the Central Bank may need to reduce its monetary stimulus faster than expected, the U.S. Economy is getting hit by the Omicron variant.

Banking legend Bill Rhodes, president, and CEO of William R. Rhodes Global Advisors as well as the former senior vice chairman and former senior international officer of Citigroup join Trish with a warning: Stagflation is coming.

Rhodes led Citigroup as Vice Chairman and was responsible for the restructuring of debt agreements for countries all over the world. The monetary policy similarities between what some of the most challenged emerging markets have engaged in... and what our Federal Reserve has encouraged, could send us into an environment of hyperinflation... or even stagflation.

Rhodes tells us it's time for Powell to channel Paul Volcker. Rhodes also shares memories with Trish of his good friend Paul Volcker and the time they shared as office mates together shortly before Volcker's death in 2019.