St. Louis Fed President James Bullard & The Flight Watched ‘Round the World 8/3/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 August 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

St. Louis Fed President James Bullard says, with labor growth as strong as it’s been, it’s unlikely we’ve been in a recession–and we might have brighter economic days to come. In an extended interview, voting FOMC member Bullard discusses America’s path out of inflation, GDP growth in the second half of the year, and geopolitical and global health impacts on our economy. CNBC’s Beijing Bureau Chief Eunice Yoon reports on China’s response to House Speaker Nancy Pelosi’s contentious trip to Taiwan. Plus, Instagram’s head is making a big move, and ready to meet your match in the metaverse? Match.com says, not yet. In this episode: 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 Squack Pod.
0:08.0	Recession can't be.
0:10.0	James Bullard, the president of the St Louis Federal Reserve voting member of the FOMC, joins us.
0:16.0	With all the job growth in the first half of the year, it's hard to say that there was a recession.
0:20.0	Few, but we still have a lot of work to do.
0:22.8	We're going to get back to 2% over time,
0:25.8	and that is the inflation target.
0:28.0	Labormark is still very strong,
0:30.2	so it's just the inflation side that we're missing.
0:33.0	That extended interview today,
0:35.0	plus House Speaker Nancy Pelosi's trip to Taiwan.
0:38.0	Taiwan and the United States
0:40.0	shall continue with our mutual support.
0:42.0	The mystery, the contention, and the global repercussions.
0:45.0	C. NBC's Eunice Jun in Beijing.
0:47.0	Could there possibly be a mistake with so many military assets in one area around Taiwan.
0:53.8	Those stories plus crypto commodities.
0:57.0	And here's a hot take.
0:58.6	The dating scene needs a little surge from squat.
1:01.6	Joe, I think there's an opportunity for us to start a company right now,
1:04.5	Metaverse Dating.
	...

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