Lowering rates now could spur inflation, says Richard Bernstein CEO Richard Bernstein

But our next guest says, "Be careful what you wish for." Let's bring in Rich Bernstein. He's the CEO and chief investment officer at Richard Bernstein Adviserss. What do you mean by that, Rich.Welcome. >> Well, Kelly, good to see you. Welcome back.I think um look, I think people have forgotten why the Fed cuts rates to begin with and how the Fed is the central bank. And you know, when they cut rates, they do so to lower the cost of funding to the banking system because the banking system isn't lending. And ...