Inflation Is Up Again. What Does That Mean For Your Wallet?

What A Day

Crooked Media

News, Daily News

4.6 • 12K Ratings

🗓️ 13 February 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation rose more than expected in January according to federal data released Wednesday, as the cost of things like groceries, housing and energy ticked up. While we’re still only a few weeks into Donald Trump’s second term, he did campaign on lowering prices for consumers on ‘Day 1,’ a promise he and his team have been backing away from since his election victory. The new inflation data raises big questions about the state of the economy and the potential effects of Trump’s policy plans to cut taxes, impose tariffs and slash the federal workforce. Victoria Guida, economics correspondent for Politico, helps us make sense of what’s actually going on with the economy right now and what it all means for Trump. Later in the show, Crooked Media’s climate correspondent Anya Zoledziowski talks about what’s happening at the Environmental Protection Agency. And in headlines: Tulsi Gabbard is confirmed by the Senate and sworn in as the new director of national intelligence, Trump and Russian President Vladimir Putin discussed ways to end Russia’s invasion of Ukraine over the phone (not on the call: Ukraine), and Georgia Republican Rep. Marjorie Taylor Green presided over the first meeting of the House DOGE Subcommittee.

Transcript

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0:00.0	It's Thursday, February 13th.
0:04.4	I'm Jane Koston, and this is Water Day, the show that believes that while Bourbon,
0:08.1	the nine-year-old Wippet did not win the Westminster Dog Show, her efforts to come out of retirement
0:12.7	for one last run at the crown make her the champion in our hearts.
0:37.7	Yeah. On today's show, Tulsi Gabbard is our new director of national intelligence thanks to all but one Republican senator and President Donald Trump chit chats on the phone with Russian President Vladimir Putin about the war in Ukraine.
0:39.8	But first, the economy.
0:42.1	Is it good?
0:44.0	Bad?
0:44.9	Something in the middle?
0:46.3	Who gets to decide?
0:47.8	I know.
0:48.3	Those seem like silly questions.
0:50.5	One could easily look at the stock market, the unemployment rate, and have a pretty good idea of how well the economy is doing right now.
0:56.8	But during the 2024 presidential election, millions of Americans said that while the economy might be doing well on paper, their own personal economies, their ability to buy groceries, pay their mortgage, and who knows, take time off for a vacation, we're not.
1:10.7	President Trump said a lot about the economy during his campaign.
1:14.0	You remember how he was going to lower prices on day one?
1:17.1	But now, the Trump administration is trying to lower expectations for what they can actually
1:20.7	do to help consumers and when Americans can expect relief.
1:24.8	And on Wednesday, the Consumer Price index jumped, raising concerns that inflation,
1:29.1	which had been declining since it hit a recent peak of 9% in 2022, might get worse again,
1:34.6	which the Trump administration immediately took responsibility. No, no, they didn't.
1:39.3	Here's White House Press Secretary Caroline Levitt.
	...

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