Fed President Neel Kashkari, Funemployment, & Boos at B.U. 5/22/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 22 May 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

10 days away from the debt ceiling deadline, President Joe Biden and House Speaker Kevin McCarthy will meet to negotiate. Minneapolis Fed President Neel Kashkari weighs in on the high stakes for that negotiation, as well as the Federal Reserve’s inflation battle. As a voting member of the Federal Reserve, he insists, a hiking pause in June wouldn’t indicate an end to this hiking cycle. Warner Bros. Discovery CEO David Zaslav delivered the commencement speech for Boston University graduates, but some students on campus booed and protested in support of the writers’ strike in the TV and entertainment industry. Plus, young generations are less committed to their employers; NYU Stern School professor Suzy Welch discusses “funemployment” and a shift away from lifelong company loyalty. In this episode: Neel Kashkari, @neelkashkari Becky Quick, @BeckyQuick Mike Santoli @michaelsantoli Steve Liesman, @steveliesman Kayla Tausche, @kaylatausche 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 Squack Pod.
0:09.0	A summer pause leading right back to interest rate hikes.
0:13.1	Minneapolis Fed President Neil Kashkari says the Fed may pause a rate hike next month,
0:18.2	but don't get too comfortable.
0:19.5	Important to me is not signaling that we're done.
0:22.0	If we were to skip in June, that does not that we're done. If we were to skip in June that does not mean
0:24.2	we're done with our tightening cycle, it means to me we're getting more information.
0:28.0	And kids today, Generation Z, they don't see working for a living quite the same way.
0:34.5	Author Susie Welch on Fun Employment.
0:37.4	I think it's about how the newer generations feel about work and about employers.
0:42.6	They don't trust them.
0:43.7	They don't believe, okay, I'm going to have a job with this company for the rest of my life.
0:48.5	Becky Quick is joined today by Mike Santoly and Steve Leisman on the latest debt ceiling dance.
0:54.4	Would you say the Republicans have already won in the sense that they have forced negotiations
1:00.7	over the budget through this debt ceiling process.
1:03.0	Hagling over chips in China, a media mogul booed on campus and much more.
1:09.0	It's Monday, May 22nd, Squack Pod begins right now.
1:14.4	Stand Becky by in three, two, one,
1:17.2	queue please.
1:19.6	Good Monday morning.
1:20.6	Welcome to Squackbox here on CMBC. We are live from the NASDAQ market site in Times Square.
	...

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