Jeremy Siegel is Fired up 9/26/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 26 September 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are we on the wrong path in the fight against inflation? Wharton Business School professor Jeremy Siegel criticizes the Federal Reserve and its chairman, Jerome Powell, saying the U.S. central bank is moving too aggressively to fight inflation and will hurt American workers in the process. The British pound falls to historic lows against the U.S. dollar, sparking currency concerns around the globe. Plus, the new fee that car dealerships are trying out on auto lease consumers. In this episode: Phil Lebeau, @Lebeaucarnews Melissa Lee, @MelissaLeeCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer.
0:07.0	Today on Squackpot.
0:08.0	Can't fight the Fed? Can the Fed fight inflation?
0:11.0	To say, wow, this is really too good.
0:13.2	We need to kill this job.
0:14.3	We are employed, we're making wage gains, and for some reason.
0:18.2	This is bad.
0:19.5	Long-time market watcher and financial historian Jeremy Siegel is fired up.
0:24.1	A year ago in September, they said no inflation was a problem at all.
0:28.6	And Siegel says the Fed was too loose for too long and now for the US economy it could be too rough.
0:34.4	Honestly German Powell I think should offer the American people an apology for such
0:39.7	or monetary policy. Plus a reacquisition fee if you want to buy your car lease?
0:45.8	Whoa, what is this?
0:47.3	Our Phil Laboe on the new cost hitting consumers.
0:50.5	They made that up.
0:51.5	That reminds me of Fargo. You You got to get this true code.
0:54.0	It's Monday September 26th, 2022. Squawk Pod begins right now.
1:00.0	Stand by Joe.
1:01.0	And three, two, two one his mic.
1:03.4	Good morning and welcome back to Squawkbox here on
1:06.5	C and B. C.
	...

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