Inflation, record-high gas prices, interest hikes: Making sense of our confusing economy

On Point with Meghna Chakrabarti

WBUR

News, On Point, Npr, Talk Show, Daily

4.3 • 3.9K Ratings

🗓️ 27 June 2022

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Record-high gas prices. Interest rate hikes. A tight jobs market. Inflation at a 40-year high. We discuss the confusing state of the American economy. Rana Foroohar joins Meghna Chakrabarti.

Transcript

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0:00.0	Support for this podcast comes from Geico.
0:02.8	How would you love a chance to save some money on car insurance?
0:06.4	Geico can help.
0:07.6	Switch today and see all the ways you could save
0:10.1	with great rates and discounts.
0:12.1	It's easy.
0:12.9	Simply go to geico.com to get a rate quote
0:15.8	and get started seeing how much you could save.
0:18.8	This is on point.
0:25.5	I'm Megna Chacrabardi.
0:26.9	The economy and our perceptions of it are at a weird place right now.
0:32.4	The Labor Department reported 390,000 new jobs in May,
0:36.4	so job growth remains very strong.
0:39.2	And unemployment is solo.
0:41.9	The businesses are practically begging for workers.
0:45.7	But there's always a butt, right?
0:48.2	There's inflation.
0:49.8	8.6% in May.
0:52.0	A high watermark not seen in four decades.
0:56.3	And so in the customarily dismal tone,
0:59.6	so beloved by monetary policy makers.
1:02.4	Making appropriate monetary policy in this uncertain environment
	...

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