Inflation, inflation, inflation

Post Reports

The Washington Post

Daily News, Politics, News

4.4 • 5.1K Ratings

🗓️ 17 June 2021

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

The Fed says inflation could climb higher than projected — but many of the price hikes could be short-lived. How to navigate the many new spending opportunities the end of the pandemic has brought. Plus, the power of this year’s graduation speeches.

New projections from the Federal Reserve suggest that prices will keep climbing this year. But what does that tell us about economic recovery from the pandemic moving forward? Rachel Siegel explains the Fed’s current approach: Wait and see.

If the return of eating out or traveling has left you burning through savings or reluctantly sitting out, personal finance columnist Michelle Singletary is here to help. Check out her new book, “What to Do with Your Money When Crisis Hits: A Survival Guide.”

High school graduation is always a big moment — but this year some seniors are taking the opportunity to advocate what they believe in from the graduation stage.

If you value the journalism you hear in this podcast, please subscribe to The Washington Post. We have a deal for our listeners: one year of unlimited access to everything The Post publishes for just $29. To sign up, go to washingtonpost.com/subscribe.

Transcript

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0:00.0	From the newsroom of the Washington Post.
0:07.0	Hi, this is Ben Tara's coming from the Washington Post.
0:10.0	Hi, Jeff.
0:11.0	Let's went to read Oprah.
0:12.0	Hi there.
0:13.0	How are you?
0:14.0	It's Lisa Bonas coming from the post.
0:15.0	This is Post Reports.
0:17.0	I'm Martin Powers.
0:20.0	It's Thursday, June 17th.
0:25.0	Today, why things are getting more expensive?
0:29.0	Sorting out your personal finances and this year's graduation speeches.
0:38.0	So Rachel Seagull, you cover the Federal Reserve and the economy.
0:45.0	And it feels like we started doing this thing where we have these check-ins where we talk
0:48.8	about inflation and how worried everyone is about inflation.
0:52.0	But it seems like everyone is in fact really worried about inflation right now.
0:56.0	You're right. We are back talking about inflation.
0:59.0	And a lot of people are talking about inflation.
1:01.0	A lot of people are very worried about inflation.
1:04.0	Hopefully I can break down some of the near term concerns, some of the longer term concerns,
1:10.0	and where that might leave us in between since the Federal Reserve is saying it's going to take some time
1:16.0	and patience to figure out where this debate lands.
	...

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