Stocks Will Test Lower Lows, CalSTRS CIO Ailman Warns

The discussion focuses on the current state of the US economy, highlighting the ongoing recession and high inflation rates. It draws parallels with the Volcker era, noting similar monetary policies being implemented by Jay Powell. The conversation also covers interest rate predictions and market trends, emphasizing the Federal Reserve's commitment to reducing inflation, even at the cost of full employment. The challenges of balancing inflation control with maintaining employment levels are also explored.

What does the speaker predict about the market trends in the near future?

What challenges does the speaker mention regarding controlling inflation?