let's get to kathy jones from charles schwab. big picture right now, if the fed moves to quick, we have this concern about what happens to the economy. if they don't move fast enough, we continue to have fears around inflation. what is your opinion on all of this? >> i think the fed has been pretty clear that the priority is inflation fighting. inflation is basically a policy choice by a central bank that is independent that has chosen to fight inflation. they will do it at the expense of the economy if that's what it comes down to. it has been pretty clear from the powell pivot in december, they had congressional testimony where he was asked explicitly if he would be willing to push the economy into recession to get inflation down and he said yes. they're are willing to take a risk and we should be prepared that they are going to move aggressively and will continue to invert in various places and the riskier segments of the market, the more leveraged segments of the market may have to react to that. matt: our chief rates strateg

i will be catching up with kathy jones of the but later this morning.ng forward to doing that as well. some headlines from the credit suisse ceo in the last 30 minutes or so. on russia, they say their exposure is well under control. 4% of aum and wealth is with russian clients. tom: i get that, and i have seen other numbers like that. i just think it is also not a distressed, but what is the derivative exposure, what is the leverage exposure, and what are the almost interstitial relationships that you have away from direct relationships with russia. jonathan: there was another headline that came from the ceo, something you have been out front on over the last 12 months, 18 months, maybe even two years. teams are moving from hong kong to singapore, from the team over at credit suisse. tom: what is interesting is where do you move. some could move to shanghai. that is something the chinese have advocated for years. this really has not worked out. but where do you go? there's only one place to go. singapore, and it is a long four hour flight. it is not clo

right now we look at the fixed income market with kathy jones, chief fixed income strategist at charlesow have you changed your view in the last 13 days? kathy: it has gotten so much more complicated now than it was two weeks ago because of the conflict. we have a combination of soaring inflation and tightening financial conditions, and that is putting all of us in a bit of a bind, but really putting the fed into a bind. i think it is a really difficult situation for them to navigate the rate hikes cycle, that they laid out the formats for for the last six months or so, and now they have to reconsider is that the right approach to go, and it is a very different world we are working in. lisa: what is the risk to markets if the fed goes more aggressively than people are currently expecting, or if they pull back and become a bit more dovish? kathy: i think the risk is more tightening than expected rather than less. on the markets, they are set for a 25 basis point rate hike and set for five or six rate hikes this year. i think that is set to decline right now, given the tightening of finan

where we would be feeling it >> they certainly would feel it first, kathy, thank you very much, kathy joneshe break, china tech names slumping, new fears of a crackdown, we'll talk, what's got investors selling this morning >> rivian is stuck in first gear we will give you the results la iter this hour >>> finally, trade is in focus president biden to speak in moments. we will break down what trade rer restrictions can mean and prices we have a big show ahead stay with us do you think any of us will look back in our lives, and regret the things we didn't buy? (camera shutters) or the places we didn't go. ♪ ♪ how not to be a hero: because that's the last thing they need you to be. you don't have to save the day. you just have to navigate the world so that a foster child isn't doing it solo. you just have to stand up for a kid who isn't fluent in bureaucracy, or maybe not in their own emotions. so show up, however you can, for the foster kids who need it most— at helpfosterchildren.com if you're a small business, there are lots of choices f when it comeskids to your internet— and technology n