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The Fox News Rundown

Inflation Hits 13-Year High, But What Can Be Done About It?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 19 July 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

The U.S. economy continues to rebound following the availability of the COVID-19 vaccine amid the pandemic. However, consumer prices rose to a 13-year high between May and June and some experts are sounding the alarm that this inflation may only worsen and negatively impact Americans. Economists agree that the United States’ current rate of inflation is unusually high, but there is no consensus on whether this will be a short-term issue or it’s a long-term roadblock for American consumers. Associate Editor at The Wall Street Journal John Bussey joins to discuss how the pandemic has brought on unusually high levels of growth and inflation and what the Federal Reserve will do in the event of spiraling inflation. He also discusses President Biden’s 3.5 trillion-dollar spending plan and the recent call for Congress to act on DACA. As coronavirus cases spike again, there is talk of reimposing restrictions and a 'fourth wave.' The concern is so high in Los Angeles County, even vaccinated people are once again required to wear masks indoors. So, how severe are these nationwide 'spikes' and how worried should Americans be? Fox News Medical Contributor Dr. Marty Makary joins the Rundown to take a deeper look at the numbers and explain why he thinks poor reporting and bad data could be making the surge look worse than it appears. Dr. Makary also discusses what he calls 'over testing,' how to return kids to the classroom and what he sees as a promising new treatment. Plus, commentary by Fox Nation host Tammy Bruce. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi all how we doing afternoon afternoon let's get this meeting meeting meeting

0:06.0

started

0:07.0

when everyone's home erepte work mode

0:12.0

when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.

0:18.0

So, yeah, yeah, I've got you loud and clear, clear is about.

0:21.0

This is broadband made for working from home.

0:24.0

Search EE broadband, powered by BT.

0:26.7

Work mode with EE Smart Plus to verify see EE. EEE.

0:30.0

K. slash claims. I'm Stuart Vani.

0:31.0

I'm Martha McAllen.

0:32.0

I'm Jason Chaffetz, and this is the Fox News

0:34.6

rundown.

0:38.6

Monday July 19th, 2021. I'm Alex Hogan. A look at the economy and inflation as June numbers climbed to a 13 year high.

0:48.0

Production got hammered by the pandemic and so it's just taken a while for the global economy to get back on its

0:55.4

feet and still is not on its feet. There's still could be disruptions for the rest of this year.

1:00.1

I'm Chris Foster. After weeks of decline, coronavirus deaths are going back up in the US,

1:05.1

nearly all people who hadn't been vaccinated. As for talk about reimposing restrictions

1:09.6

at a fourth wave of the pandemic, if we're going to routinely test everybody, even those immune,

1:14.8

guess what? You can make this pandemic go forever. We will be in this state perpetually.

1:20.0

And I'm Tammy Bruce. I've got the final word on the Fox News rundown.

1:24.0

Are you pinching pennies after spending more money on everyday items.

1:33.2

If you are, you're not alone.

...

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