Fed Should Hike 100 Basis Points, Wharton's Siegel Says

The transcript discusses the Federal Reserve's potential rate hikes and their impact on the market. It suggests that the Fed should consider a more aggressive approach to regain control of the inflation narrative. The market is currently pricing in significant moves, with concerns about a recession. The speaker emphasizes the importance of not overreacting, as monetary policy effects take time. The Fed's past mistakes need to be addressed, and a balanced approach is necessary to avoid crashing equity prices and increasing unemployment. Controlling the money supply is highlighted as a crucial step in managing inflation.

What are the potential consequences of the Federal Reserve's actions as discussed in the text?

What role does money supply play in controlling inflation according to the speaker?