Richard Bernstein: The transmission process from monetary policy to the real economy has broken down

Alicia Levine, BNY Mellon Investment Management chief market strategist, and Richard Bernstein, Richard Bernstein Advisors CEO and CIO, join 'Power Lunch' to discuss the state of markets and the U.S. economy ahead of Fed Chairman Jerome Powell's speech tomorrow.
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Wed, Aug 26 20202:39 PM EDT