This week, the Federal Reserve raised its key shortterm interest rate for the ninth consecutive time, bringing it to the highest level since September 2007. While Fed Chair Jerome Powell acknowledged the dilemma that the Fed officials faced, the banking system's turmoil has been a cause of concern following the recent bank failures. However, Powell assured that the banking system is sound and resilient, and the Federal Reserve is prepared to use all tools as needed to keep it safe and sound. In other news, dividendpaying stocks are gaining new respect among investors, and they are proving to be a protective asset in times of market volatility. ClearBridge Investments' Dividend Strategy Fund has been named one of "The Best Dividend Funds" for 2023 by Morningstar. Michael Clarfeld, coportfolio manager of the fund, is with us to explain why highquality companies with histories of growing their dividends are particularly valuable now.

00:00 Hello
00:32 Introduction
02:42 Interview with Michael Clarfeld
22:35 One Investment
24:25 Action Point

#FederalReserve #inflation #jobmarket #bankingsector #economy #savings #credit #dividends #investors #DividendStrategy #Morningstar

WEALTHTRACK Episode 1939 broadcast on March 24, 2023
More info about the stocks mentioned and the Dividend Compounders list:
https://wealthtrack.com/themanybene...