Pop, Goes Inflation 10/13/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 13 October 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

September’s Consumer Price Index data is out, and inflation is showing no signs of a slowdown, despite multiple Fed rate hikes. In a review of the monetary and fiscal policies the U.S. government has implemented to tame the economy, former Speaker of the House Paul Ryan considers this country’s timeline to recession, and which strategies will make a downturn worse. With so much inflation and market malaise, could I bonds be the risk-free asset investors need? In this episode: Paul Ryan, @SpeakerRyan Becky Quick @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin 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, today on Squawk Pod.
0:08.0	Ooh, hot! Inflation, we can't quit talking about it.
0:13.6	The Federal Reserve doing all it can to slow things down.
0:16.7	It's two terrible choices.
0:18.4	Do you kill the economy with higher interest rates
0:20.6	or do you let people's spending power get completely eaten away by inflation?
0:26.0	The latest data on consumer prices surging is out putting markets under pressure.
0:31.5	How we got there from the pandemic to Sticker Shock with former
0:35.0	speaker of the House Paul Ryan. We levitated the economy with our
0:38.2	monetary policy. The Federal Reserve did a good job. They needed to do what they did.
0:41.9	But they then went too far and where we go
0:44.8	from here if we want to have fiscal policy help with the inflation problem and help
0:49.2	prevent a recession telling all the businesses in the America your taxes are going up don't take
0:53.9	risk don't take investments is a bad idea. Plus inflation backed investing are
1:00.0	government eye bonds with their sky-high interest rate a good bet?
1:04.3	Growing up we all had savings account you got five six seven percent.
1:07.0	That was an exciting thing and you learn to not spend.
1:09.8	We have not have that in my children's entire lives.
1:13.2	It's Thursday, October 13, and Squawk Pod begins right now.
1:18.7	First up on today's podcast, the latest read on inflation, and you guessed it, it's not good.
1:28.0	The Consumer Price Index, or CPI, tracks what we pay for goods and services. It includes food, fuel, shelter, and medical
	...

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