There's minor relief for American consumers after inflation slowed from 9.1% in June to 8.5% in July. The lower-than-expected figure is mainly due to decreasing fuel costs. Although prices are still running relatively high, President Joe Biden says it's a sign his economic strategy is working. Randall Kroszner, a former governor of the Federal Reserve Board, ... Show More
Nov 2021
Is inflation making a comeback?
Inflation has hardly been seen in the developed world economies for the last three decades. But now some economists are warning it could be returning with a vengeance, because of supply chain problems, post-Covid exuberance, and higher wage demands. What is going on, and should w ... Show More
18m 24s
Apr 2022
Summers Predicts U.S. Recession More Likely Than a Soft Landing
Last year, Larry Summers famously shot down one of the Federal Reserve's favorite buzzwords, "transitory." This year, he's taking aim at "soft landing."The Harvard University professor, former Treasury secretary and paid Bloomberg contributor says a combination of high inflation ... Show More
31m 39s