Chair Powell’s Second Term; China’s Covid Surge

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 12 January 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors are considering what Fed Chair Powell’s second term means for their portfolios, particularly after the Labor Department revealed that inflation grew at its fastest 12-month pace in nearly 40 years during December. CNBC’s Ylan Mui reports on the growing calls for new stock trading rules for Capitol Hill lawmakers and for Fed officials. Also in DC, Representative Pramila Jayapal (D-WA) discusses common ground between Democrats and Republicans, and whether Congress can build back the Biden administration’s Build Back Better plan. CNBC’s Eunice Yoon reports on China’s efforts to combat Covid-19 outbreaks before the Lunar New Year celebration and the Olympics. Potentially adding more strain to the battered supply chain. Plus, the government will be helping schools across the country ramp up testing. In this episode: Rep. Pramila Jayapal, @RepJayapal Ylan Mui, @ylanmui Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:06.0	I'm the NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Build Back?
0:11.0	Build Back Better in 2022? Can the president's signature social policy
0:15.0	legislation make it passed Congress Representative
0:17.7	Hermila Jayapal on the agenda?
0:19.6	People want to see better jobs, higher wages, and fair taxation, and that's really what Bill Back
0:26.8	Better does.
0:28.3	And China attempting to contain an olekron surge before the Olympics and the Lunar New Year,
0:33.7	see NBC's Eunice-Hun.
0:35.2	There still hasn't been any confirmation on the exact source
0:39.2	and also how much it's really spread in the community and I think that's what is worrying the government here.
0:47.0	Plus, Fed Chair Jay Powell's reconfirmation, should lawmakers own stocks, and the government is helping schools ramp up
0:55.2	COVID testing. Finally, it's a little too late. I mean I'm glad they're doing it.
0:59.7	It's Wednesday January January 12, 2022.
1:03.8	Squawk Pod begins right now.
1:10.0	First up today on the podcast,
1:12.0	Senate Committee on Banking, Housing and Urban Affairs will come to order.
1:17.0	Take two in a Senate hearing for his confirmation to a second term.
1:21.0	Raise your right hand please.
	...

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