Special Edition: Inflation, Interest Rates, and Economic Recovery

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6 • 684 Ratings

🗓️ 23 September 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When the Covid-19 pandemic hit in full force in the U.S., the government had to act quickly to keep the economy afloat. One major thing that the Federal Reserve did was lower interest rates to zero. That helped money keep flowing and borrowing rates low on things like mortgages, cars, and other things Americans needed. The danger in juicing the economy this way, however, is that inflation could go up, and higher consumer prices could end up hurting our wallets. How does the government strike the right balance? In this episode, we'll hear more about the U.S. recovery, the international picture, and what could come next. The latest episode of Living Beyond Borders, a special podcast series from GZERO brought to you by Citi Private Bank, explores those themes in detail with some top experts in finance and geopolitics. Moderated by Caitlin Dean, Head of the Geostrategy Practice at Eurasia Group, this episode features Robert Kahn, Director, Global Strategy and Global Macro at Eurasia Group; David Bailin, Global Head of Investments and Chief Investment Officer at Citi Global Wealth; and Steven Wieting, Chief Investment Strategist and Chief Economist, Citi Global Wealth.

Transcript

Click on a timestamp to play from that location

0:00.0	We are in this extraordinary moment, which is unlike really any other recession.
0:05.5	And that is both a reason for caution, but also creates at times a sense of urgency for beginning a process of normalization.
0:13.6	So it was a very interesting situation to really call that out that inflation was a problem for Congress now for really the most profound way
0:22.1	that we've seen in 40 years.
0:23.5	And the problem, of course, is that in order to control inflation, one would typically
0:27.4	raise rates.
0:28.5	And in order to keep the economy running at a very hot speed, you would want to keep rates
0:32.4	low.
0:33.1	And that's the inherent contradiction.
0:42.6	Thank you. that's the inherent contradiction. Welcome to Living Beyond Borders, the podcast from City Private Bank and G0 Media that examines
0:49.0	the risks and opportunities in our rapidly changing world, from global politics to economics and what it
0:55.6	all means for you.
0:58.3	I'm Caitlin Dean, head of the Geostrategie practice at Eurasia Group.
1:02.5	It seems like not that long ago when there were hundreds of thousands of people in the
1:06.1	U.S. and other countries combing through supermarket and drugstore aisles, desperately in search of
1:11.5	something we all need that had suddenly become scarce.
1:14.6	With shelves stripped bare as Australians prepare for a pandemic.
1:18.6	Take a look at this.
1:19.6	We went out to take a look for ourselves yesterday, and there wasn't a toilet roll inside.
1:25.9	With toilet paper sales up more than 100% from this time last year.
1:31.1	As coronavirus spreads, people across the country are stocking up on essentials.
1:35.7	And one essential in particular, toilet paper.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from GZERO Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of GZERO Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.