4.5 • 24.9K Ratings
🗓️ 20 October 2022
⏱️ 15 minutes
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0:00.0 | Hi there, it's the NPR Politics Podcast and I'm Asma Khalid, I cover the White House. |
0:08.6 | Today on the show an issue that seems to be on a lot of voters minds. |
0:13.3 | Certainly inflation. |
0:14.6 | For me right now it's a inflation. |
0:17.0 | I think it's inflation is number one. |
0:19.6 | I think the cost of groceries have gone up dramatically. |
0:23.2 | Prices have risen sharply over the last year and a half. |
0:26.7 | Prices have shown that other issues have ebbed and flowed but inflation has consistently |
0:31.4 | been one of the most ongoing concerns for voters. |
0:35.4 | I've been doing a lot of reporting on inflation and recently I spoke to two economists to get |
0:40.2 | a clearer picture of how long inflation might last and what if anything the government |
0:45.8 | can do about it. |
0:47.3 | They had somewhat different opinions on the matter. |
0:50.2 | First, Jared Bernstein, he's on the council of economic advisors in the Biden White House. |
0:54.9 | What I already see as we speak are things working their way into the inflation story that |
1:01.2 | will very likely ease price pressures in the months and quarters to come. |
1:06.2 | And then Larry Summers, an economist who has not been shy about his inflation fears, |
1:11.4 | an economist who has worked in previous democratic administrations including President Clinton |
1:16.1 | and President Obama. |
1:17.4 | We have a fairly serious inflation problem. |
1:21.2 | A very bad, fairly serious inflation problem is likely to have substantial costs in terms |
1:28.4 | of an economic downturn. |
... |
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