Jay Powell wants to be remembered as Paul Volcker not Arthur Burns: Former Fed Governor Kroszner

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Randy Kroszner, former Federal Reserve governor, joins 'Squawk on the Street' to discuss his thoughts on the latest economic data, the Federal Reserve's upcoming playbook, and whether the Fed will weigh the weaker economic data even more.
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what happen when oil goes back to $100 next year?

shabpnd
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Burns started cutting rates immediately when inflation started falling. Inflation did fall. But only from 12% to 5%. Powell is not Burns. And volker just allowed rates to rise. And market brought down inflation. Sort of like what we saw in the past month. I believe Fed has reigned in the inflation expectations that was still raging few months ago. But time will tell.

jdingle