How Inflation Plays Out in the Next Year (with Jason Furman)

In the Bubble with Andy Slavitt

Lemonada Media

News

4.6 • 3.5K Ratings

🗓️ 15 December 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

What do gasoline, eggs, used cars, and meat have in common? Inflation has caused the prices on all these items to increase by double digits in the last year. Andy dives into what's happening with inflation with Jason Furman, Harvard economist and former Chair of the Council of Economic Advisors under President Obama. They discuss why it's happening, what can be done to tackle these high prices, and where he thinks the economy will be in a year. Plus, how all of this ties into why so many of your Christmas gifts are backordered.

Keep up with Andy on Twitter @ASlavitt and Instagram @andyslavitt.

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Read Jason’s Wall Street Journal opinion piece about inflation: https://www.wsj.com/articles/biden-can-whip-inflation-and-build-back-better-stimulus-prices-infrastructure-reconciliation-11636991676
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Transcript

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0:00.0	Mental health challenges are affecting people in the US at high levels, particularly among
0:05.0	adolescents.
0:06.0	At CVS Health, mental health is just as important as physical health.
0:11.0	That's whether making mental, well-being services more accessible, less complicated, more
0:15.4	convenient, and more inviting.
0:18.0	CVS Health is doing this by creating new programs, encouraging care to discussions, and providing
0:23.2	increased access to digital tools and telehealth services.
0:27.0	CVS Health is there to help.
0:29.0	Learn more at CVS Health.com.
0:31.0	So Jason, if you had a crystal ball, I'd ask you when you think prices are going to start
0:41.7	coming down, but unless you do have one, maybe the better question is, what are you watching
0:48.3	in the coming months to tell you that some of this inflationary pressure is easing?
0:53.4	Right.
0:54.4	Well, the pressure that matters most for consumers seems to be things like gas prices.
0:59.4	Yeah, I do have a crystal ball, and I can tell you they've come down since last month,
1:05.1	and they're probably going to come down a bit more.
1:08.8	In terms of the underlying inflationary pressure, some of the questions are, do the wage
1:13.0	increases we've seen start to feed into price increases?
1:17.3	What happens to people's rent that could potentially be going up?
1:22.6	Are there other prices like restaurants and airfares, which have stayed on the low side
1:27.9	that rise?
1:28.9	Those will all be things I'm looking for.
	...

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