U.S. inflation fell in March for 9th month in a row
CNN's Kim Brunhuber spoke to Ryan Patel, a Senior Fellow at the Drucker School of Management at Claremont Graduate University, about the new inflation numbers…
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CNN's Kim Brunhuber spoke to Ryan Patel, a Senior Fellow at the Drucker School of Management at Claremont Graduate University, about the new inflation numbers…
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Everybody is that they hate inflation. they find inflation to be unfair. you get a raise, and then you have to go spend that raise at the gas station. they creates uncertainty. it's frankly exhausting. course, there are costs to getting inflation under control. potentially job loss. also turmoil in the banki system like we're seeing now. and barking. he conceded that there is a risk that the stress ithe making system hurts the real economy by making it more expensive and harder for all of us to borrow. and he can see it that that could cause the fed to stop raising interest rates soon . but at...
See inflation in the eyes of the fed is still public enemy number one richard quest, cnn tokyo. alright, let's get to las vegas now and standing by ryan patel, senior fellow at the drucker school of management at claremont graduate university. thank you so much for joining us here in cnn newsroom first up. why did the fed do this? why did the fed go ahead and raise interest rates again? despite all the turmoil in the banking sector? well it had no choice, christie because based on what federal, you know, chairman and said last month about the data and inflation, this was the only logical choic...