so bad, he will do what it takes to get it under control even if it means more economic pain. have got to get inflation behind us and wish there were a painless way to do that. there isn t. david: working americans are spending a month out of their annual salary to keep up with soaring prices. is inflation and its causes killing our economy? let s ask our panel, dan heninger, kim strawser land mary anastasia o grady. biden is downplaying inflation, powell saying it is essentially willing to risk recession to cure it. who is right? let s focus on that remark by president biden that inflation last month rose inch. a new turn for the economic lexicon, inflation coming up and inch. the biden white house and the federal reserve are operating in alternative universes when it comes to inflation. the white house has become a wholly politicized subject. the federal reserve, it is about economic reality. the white house is avoiding the underlying economics of inflation, trying to
And well be getting the inside track on the world of events apps. Theyre great for their users but is it actually possible to make any money from them . Well be speaking to the boss of revl this weekend the owner this weekend the owner of a tesla car ended up stranded when he relies on his phone to unlock it. Today we want to know whats your Worst Technology mishap . Let us know, just use the hashtag bbcbizlive. Welcome to the programme. The us President Elect donald trump says hell offer britain what he calls a quick and Fair Trade Deal within weeks of taking office. His comments come just days before a speech by the uk Prime Minister theresa may where shes expected to reveal further details of the countrys strategy as it prepares to leave the European Union. Speaking to the times newspaper, mr trump said his team would work very hard to get it done quickly and properly and it would be good for both sides. Mr trump went on to say the uk had made the right decision in leaving the Europ
federal reserve are operating in alternative universes when it comes to inflation. the white house has become a wholly politicized subject. the federal reserve, it is about economic reality. the white house is avoiding the underlying economics of inflation, trying to wish away or spend money putting money in people s pockets and calling that inflation reduction. look at the white house fact sheet, the word inflation occurs entirely in the title of the act. never addresses the actual phenomenon of inflation. jerome powell at the federal reserve making a choice whether you want to be arthur burns who let inflation run in the 1970s or paul volcker who screwed it down and sounds like chairman powell is intent on doing that.
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Can Biden Soothe Institutional Investors as Shortages and Inflation Run Rampant?
Posted on 05/11/2021
U.S. President Joe Biden was able to convince American voters he was the right candidate to navigate the U.S. through COVID, racial strife, and geopolitics. In the first few months of office, despite success that was carried over from the last administration over vaccine creation and distribution (Operation Warp Speed), inflation is popping its head out from central bank QE excesses, causing concern for pension funds, sovereign funds, and other long-term savers. With little choice in low-yield bonds, many U.S. public funds augmented exposure to the stock market in 2020 and bought the dip after the March 2020 COVID crash.