Mark Standee News Today

Continues to move to the right direction, then i think inflation will mod rate by the summertime. >> mark, always good to get your expertise. thank you. >> thanks. >> coming up, new promises from the epa fighting water and air pollution in communities of color. this is "meet the press daily." this is "meet the press daily. -hey tex, -wooo. can someone else get a turn? yeah, hang on, im about to break my own record. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

Signaling it could raise interest rates in march for the first time in more than three years amid soaring inflation. im joined by mark standee, chief economist for moodys analytics. lets start with the issue of inflation and whether the feds moves are going to have an impact and how quickly. weve studied this in the past. whats your expectation? whats your best assessment here? >> yeah. it will have impact, chuck, with a lag. it wont be next week. it wont be next month. may not even be next quar...

Inflation to come in. places lit come in regardless of what the fed does because a big part of what goes on with the inflation is simply the pandemic. the pandemic has disresulted the supply side of the economy, global supply chains, and as the pandemic recedes, which i think it will, the inflation will. regardless, the economy is strong, coming close to full employment. they need to normalize the interest rate. >> mark, the question i have is there isnt a lot of evidence that the supply chain i...

Very good thing from which we should take great satisfaction, both in the united states and globally. but the question i focus on is when people look back at this moment, will they think we did the right things? and im not so sure the answer to that is going to look so good. >> i want to talk specifically about those workers. because, you know, you say were having a party, but the issue is the party is its being held at a country club and you have to be a member of that country club. the labor m...

Exponentially. when the storm hits, everybodys hunkered down and the economy grinds to a halt. that area where that storm is hitting according to mark standee, makes up about 3.5% of the entire dpd gdp of the u.s. it will grind to a halt. once its over it will reel back up but it takes a while for dollars to flow in. there could be disruptions, people that have to move like during sandy and katrina, and thats the kind of impact were seeing. this could be a really big economic hit to the u.s. >> ...

Mark standee, mon john mccains economic adviser said that, so we know it helped. but it wouldnt be larger and we couldnt o go back from more because of the republican party. so yes, their prescription is to drive the economy into another ditch so they can help people will be miserable and scared and reject the current leadership. were going to hope that doesnt happen. >> bob, you ran some presidential campaigns. and i think they planned on the economy doing worse than it is and maybe we are left...

Striking a chord with people, that it was a way that helped people to think about what had happened to the economy in recent years and this sort of unfairness in which it had stopped working for people who had been playing by the rules and begun working all too well for people who didnt seem to be playing by any rules at all. >> i want to show you another chart. this came from mark standee. it shows the decline of household debt over the past three years. is that an optimistic sign? people are p...

White house that inequality was striking a chord with people, that it was a way that helped people to think about what had happened to the economy in recent years and this sort of unfairness in which it had stopped working for people who had been playing by the rules and begun working all too well for people who didnt seem to be playing by any rules at all. >> i want to show you another chart. this came from mark standee. it shows the decline of household debt over the past three years. is that ...

Happened to the economy in recent years and this sort of unfairness in which it had stopped working for people who had been playing by the rules and begun working all too well for people who didnt seem to be playing by any rules at all. >> i want to show you another chart. this came from mark standee. it shows the decline of household debt over the past three years. is that an optimistic sign? people are paying down debt. but it also -- thats what it looks like. but also the access to money migh...