Detailed text transcripts for TV channel - FOXNEWS - 20160528:08:27:15
Latest updates on this topic from reliable sources.
Stay updated with breaking news from 322 32. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Latest updates on this topic from reliable sources.
Latest updates on this topic from reliable sources.
Latest updates on this topic from reliable sources.
Built in. so that's one thing that's very severe. if we don't deal with this now, we may find that 7%, 8% unemployment is the new normal. the other thing is that each year that we go on like this we're drifting closer to deflation. you know, the -- >> explain what that means. why is that dangerous? >> so deflation is when prices are falling, instead of rising. and we're actually most of the way there. we came into this crisis with underlying inflation, around 2.32 2.5%. which is good. you want a little inflation. that's now down under 1%. quite easily could be negative by the end of next year....