Has The Fed Vanquished Inflation?

WSJ Opinion: Potomac Watch

The Wall Street Journal

News, Society & Culture

4.2 • 2.8K Ratings

🗓️ 10 August 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

The consumer-price index rose modestly in July, or 3.2% for the last 12 months. Can the Federal Reserve declare victory?. Plus, President Biden’s executive order banning some U.S. tech investment in China walks an economic and security tightrope. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	My Guy Are you supporting women's football?
0:05.2	This summer it's time to get to know the players and your taste buds.
0:08.9	Stats don't lie, if 70% of the UK prefers to taste the Pepsi Max, you probs prefer Pepsi
0:14.7	Max.
0:15.7	thirsty for more?
0:16.7	Visit PepsiMax.wispotify.com to enter our quiz to win gig tickets and find your perfect
0:21.4	playlist.
0:22.4	UK blind taste test of over 34,000 people versus UK's biggest selling full sugar cola.
0:26.5	The verification goes to Pepsi.co.uk forward slash FAQ.
0:33.3	From the opinion pages of the Wall Street Journal, this is Potomac Watch.
0:40.2	Inflation pops up a little in July but less than expected and it's now at 3.2% overall.
0:47.1	In the consumer price index in the last year, should the Federal Reserve declare victory
0:51.5	over inflation and start cutting interest rates as some folks suggest it should plus
0:57.4	President Biden issues a new executive order limiting some investment in China.
1:03.3	But the order is more narrow than many people expected and is focused on high tech areas.
1:09.5	How will this affect the struggling?
1:11.6	Chinese economy, US-China relationship and of course the world's second largest economy
1:18.7	after the US.
1:19.7	Welcome.
1:20.7	I'm Paul Gigo of the Wall Street Journal opinion pages.
1:23.5	I'm here with our two economic gurus at the Wall Street Journal.
1:28.3	Mary O'Grady and Joe Sternberg, welcome to you both.
	...

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