Ben Bernanke: Inflation, Recession, and ESG with the Former Fed Chair 5/16/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 16 May 2022

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former Chair of the Federal Reserve Ben Bernanke weighs in on the US economic recovery from Covid-19, the likelihood of an impending recession, and the Fed’s strategy to combat inflation. In an extended, exclusive interview with Andrew Ross Sorkin, Bernanke explains how he uses history to inform his perspective on today’s economy in his new book, “21st Century Monetary Policy: The Federal Reserve from the Great Inflation to Covid-19.” Bernanke shares his thoughts on bitcoin and on climate-conscious investments as inflation and oil prices around the world remain high. In this episode: Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on a special,
0:08.0	super-sized Squawk Pod.
0:10.0	Former chair of the Federal Reserve Ben Bernanke, he oversaw the financial crisis of 2008,
0:16.0	and now he's weighing in on the Fed's current fight against inflation.
0:20.0	Why did they delay their response?
0:21.0	I think in retrospect, yes, it was a mistake,
0:23.7	and I think they agree it was a mistake.
0:25.2	Bernanke on Bitcoin, wealth taxes,
0:27.7	and using history to see the big economic picture.
0:31.1	In fact, the underlying economy as we recover the pandemic is quite strong.
0:36.0	It's Monday, May 16, 2022.
0:38.9	This jam-packed edition of Squack Pod begins right now.
0:43.0	Stand Becky by in three, two, one, fuel please.
0:48.3	Good morning everybody.
0:49.3	Welcome to Squawk Box here on CMBC.
0:51.3	We're live from the NASDAQ market site in
0:52.9	Times Square. I'm Becky Quick along with Andrew Ross Sorkin and Brian
0:56.3	Sullivan. Joe is off today and Brian welcome. Good to see you.
0:58.9	Great to be here.
0:59.9	Good to have you.
1:00.9	Hi. Hello.
	...

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