Sit Invest's Doty: 'The Fed's in a pickle'

Bryce Doty, senior portfolio manager at Sit Investment Associates says that "the elephant in the room" for the economy is the growing federal debt, now up to $36 trillion, which puts the Federal Reserve "in a pickle," because the debt will continue exploding if interest rates don't fall, but inflation could get out of control if the central bank cuts rates too fast. Doty sees an economy that will struggle to overcome that pressure, consumers that are reaching the limits on their spending and more, yet he doesn't foresee a recession this year just a slowdown that likely won't last long because he foresees the economy reaccelerating before year's end. David Trainer, founder and president at New Constructs celebrates Monday's holiday — which delayed his weekly appearance on the show — by discussing an undervalued, dividend-paying steel company stock as he turns his weekly Danger Zone into "The Attractive Zone," and financial psychotherapist Vicky Reynal discusses her new book, “Money on Your Mind” The Unconscious Beliefs That Sabotage Your Financial Well-Being – and How to Break Free.”