Closing Bell: Stocks Sell Off & Fed Up 9/21/22

The market sinking after the Federal Reserve raised interest rates by 75 basis points and forecast more hikes in the future to fight inflation. Former National Economic Council Dirctor Gary Cohn weighs in on whether a recession is now more likely than a soft landing. Jefferies Chief Market Strategist David Zervos on how investors should be playing this volatility and whether the market is starting to price in a recession. And Mastercard Economics Institute's Chief Economist Michelle Meyer on why consumer spending remains strong despite inflation remaining very high.