Fed Needs to Play Catch-Up, Ancora's Sowerby Says

The video discusses the Federal Reserve's focus on achieving a 2-3% inflation rate despite recent banking challenges. It suggests a potential interest rate pause and highlights the resilience of corporate America amidst financial instability. The main concern remains inflation, with the goal of reaching a 3% inflation rate by year-end.

In the context of financial instability, what does the speaker believe is a bigger risk?

What is the expected inflation target by the end of the year as mentioned in the text?