ATAC's Gayed: The Fed didn't go far enough, so troubles will persist

Money Life with Chuck Jaffe

Michael Gayed, portfolio manager for the tactically managed ATAC Funds says the Federal Reserve should have raised rates even more than it did Wednesday -- when the central bank made its biggest rate hike in almost 30 years -- because market and economic pain is inevitable and could be long-lasting, but there is growth potential once the market passes the troubles and starts a new recovery. This show also features Tom Lydon, vice chairman at VettaFi.com, making a brand new fund his ETF of the Week, Jill Gonzalez of WalletHub.com discussing the site's latest survey which shows that consumers are looking at rewards cards as a way to deal with inflation, and Rob Lutts, president of Cabot Wealth Management, talks growth investing in the Market Call.