William Blair macro analyst Richard de Chazal was the featured guest on Yahoo Finance Live to discuss a host of economic topics, including the divergence between markets and the economy, Fed credibility, inflation, volatility, and the outlook for the Fed.

“I think the Fed has a slightly different problem on its hands. It'll be happy to see clearly any moderation in inflation. But from its perspective, it's got a bit of a credibility problem on the one hand,” de Chazal said.