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This is going to be a week. Yes, there is that story, sure, but let's talk economy, shall we?

From American public media. This is Marketplace.

In Los Angeles, I'm Kai, Rizdole. It is Monday, today, the 12th of June. Good as always,

to have you along. Everybody, we are going to leave tomorrow's happenings in the Southern District of Florida

to our political reporter colleagues. And we will instead begin by pointing out once again

that the economy waits for no one. The latest consumer price index will be upon us tomorrow.

And Wednesday brings an interest rate announcement from J. Powell and the gang at the Fed. A skip,

perhaps, or a longer pause or something else. We will just have to wait and see. But right now,

as it stands, inflation is just under 5%. The Fed's target, of course, is two. But is the

right target should it be higher, maybe? Marketplace in Christen Schwab gets his going with the

arguments for and against. Every good debate starts with competing opinions. On the team for raising

the inflation target number is Lawrence Ball, an economist at Johns Hopkins University.

He thinks the Fed should double its target to 4%.

If 4% was low enough for Paul Volker, it should be low enough for all of us, I think.

Volker, the Fed chair during the Great Inflation of the 70s and 80s,

he let inflation settle at around 4%. And Ball says that worked for a bit. And that study show

when inflation gets below 5%, it's important for consumers.

5% seems roughly like a critical level that when inflation drops below 5%,

...