Mark Standee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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, i'm 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. i'm joined by mark standee, chief economist for moody's analytics. let's start with the issue of inflation and whether the fed's moves are going to have an impact and how quickly. we've studied this in the past. what's your expectation? what's your best assessment here? >> yeah. it will have impact, chuck, with a lag. it won't be next week. it won't be next month. may not even be next quarter. but, you know, as the federal reserve raises interest rates, normalizes rates, you kno...

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 isn't a lot of evidence that the supply chain is going to get fixed anytime soon. not with china sit with a covid zero policy. what happens if we'...

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 i'm 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 we're having a party, but the issue is the party is it's being held at a country club and you have to be a member of that country club. the labor market is so tight, here we are, maybe to you and mark standee's point, maybe getting below 4%, bu...

Exponentially. when the storm hits, everybody's 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 it's 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 that's the kind of impact we're seeing. this could be a really big economic hit to the u.s. >> a big economic hit. clearly a weather hit happening right now. thanks so much for joining me. i ...