Page 38 - Inflation Problem News Today

Front of financial instability. they had done that over and over again that so we are in this problem. they should be two things that should raised by a corner of percentage points because we have an inflation problem. we need to get over this inflation problem. and second, they need to remind people credibly which is going to be hard, credibly we have multiple tools for interest rate policy curtailed inflation. and other tools to deal with the financial instability. the european central bank an...

This financial panic will cause the bank not to raise rates at all. theyre saying maybe 25 points. but the inflation number this week wasnt great, its still very high. what do you expect out of the fed next week, and should it, in fact, raise rates another quarter or 50 basis points? >> i believe the fed should tighten another 25 basis points. that may or may not be what happens, but it seems to me that the actions of the fed and the fdic this week were easing moves. and to the extent to which t...

Watch is watching, but we have people who are concerned about inflation and about rates. with eating jay powell will do next week, and what do you wan to do? >> its a longer answered than i have time for, but i will sa this, the problems that wer facing, many of those problems have been created by the federal reserve. that was begging for inflation years ago, that got th inflation they want. through hubris, they thought they could control it now and try to control it all the problems you see pla...

Inflation problem at the same time they are dealing with financial instability. thats what theyve got. so they have to figure out which one to focus on more. if the banking problems somehow get resolved, which with whats happening with credit suisse, they see it less likely this gets resolved, it makes it harder to raise interest rates. we see investors betting on cuts later this year. so its a difficult position for them to be in. but they are going to have to do something on financial stabilit...

And they are out of lock, the fact you are seeing a bailout, the administration is not calling it that, it is bailing out chinese companies. this was a big lender for chinese high-tech start-ups. >> harris: that is important piece of information there. high prices crushing americans, despite slowing in inflation last month. it was 9.1 in june, 6% now, this is slowest comedown of anything. prices of essentials like groceries and gasoline well above last year and where they should be. experts like...

Money. that will make the inflation problem worse. >> dana: we have analysis, lets begin with grady. >> last week a rate hike was almost a given, now things are more complicated, the fed has to weigh bank collapse with inflation data, which came in at 6% from a year ago, where economists expected. category by category, food, americans are getting hit hard at restaurants and at the grocery store. food up 9.5%. eggs are slightly down from last month, but still paying 55% more than from a year ago....

Jon: we cant let you get away without talking about the economy in the inflation rate jumped six tenths of 8% in january alone. bad news for anybody who thought maybe inflation was moderate. >> its related to what weve been talking about the federal reserve created a whole lot of money as a way to simulate an economy when politician shut it down in 2020. since then theyve reduce the money supply a little but not that much. i think maybe i shouldnt be surprising that we stop inflation problem, we...

Congresswoman knows, as president, you never finish the job. there is a continuum. the matters that biden has to deal with, he got -- it started in his presidency, ukraine, but as we know, it goes way, way back. theres the inflation problem, theres the virus problem, and so forth. so he has a much larger agenda. he knows that. all of you know that. and yes, this was a great performance, sensational performance. and its not going to be remembered, unfortunately, because we go on to the matters th...

Can the united states pull off a soft landing? bringing down inflation without triggering a recession? im joined by larry summers, treasury secretary under bill clinton, director of international council under barack obama and former president of howard university. welcome, larry. so it seemed to me over the last few months that the people who felt a soft landing had gotten very optimistic. someone like paul kruger was saying all of the evidence is pointing in the direction that inflation has co...

And does this tight of job market, two vacancies for every person looking, does this show that you still have a real inflation problem? >> fareed, youre asking the right question and nobody could know the answer for sure. ive said often that soft landings are as samuel johnson said of second marriage, the triumph of hope over experience. but from time to time, hope does triumph over experience. so it looks more possible that well have a soft landing than it did a few months ago. my continued fea...