The Fed Talks (About Talking); Tackling Economic Inequality, from Nonprofits to Public Office

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 June 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Federal Reserve has raised its expectations for inflation this year and brought forward the time frame for when it will next raise interest rates: likely in 2023. CNBC’s Ylan Mui digests the Fed meeting and Fed Chair Jerome Powell’s remarks with Becky, Andrew, and Mike Santoli. At CNBC’s annual Evolve Summit, Dick’s Sporting Goods CEO Lauren Hobart explains the pandemic’s impact on her business strategy. In a conversation with Becky Quick, she reflects on the Covid-prompted changes to her company’s trajectory. Former CEO of the NYC-based nonprofit Robin Hood is making a bid for Maryland’s Governor office. Wes Moore, a combat veteran and author, discusses eliminating economic inequality through philanthropy and public office. Plus, Microsoft is doubling down on Satya Nadella’s leadership, and Democrats are sticking to their commitments to fight climate change as they negotiate the infrastructure bill on the Hill. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:05.0	I'm the NBC producer Katie Kramer today on our podcast.
0:09.0	The Fed speaks and it might raise rates ahead of schedule.
0:12.0	Not this year, not next year, not until and it might raise rates had a schedule.
0:12.5	Not this year, not next year, not until 2023.
0:15.7	2023.
0:17.8	And tapering the billions of bond purchases every month,
0:21.2	they're talking about it fed to your J Powell. The talking about're talking about it, Fed to your Jay Powell.
0:23.2	The talking about talking about meeting, if you like. And I now suggest that we retire that term, which has served its purpose well, I think. Dick's Sporting Goods, a conversation with CEO Lauren Hobart, how COVID-19 changed her business.
0:36.6	We closed all of our 800 plus stores, which immediately put us into a situation where we had
0:42.2	hundreds of millions of dollars trapped in inventory in the stores and how she pivoted to match a new reality.
0:48.0	It worked and people started to adopt it and really changed the trajectory of our business.
0:54.0	Plus from non-profits to public office.
0:57.0	The Robin Hood Charities former CEO is aiming to take on inequality
1:01.0	as a candidate for governor in Maryland.
1:02.8	Westmore.
1:03.8	What we saw with COVID-19 is that we saw not just an exposure,
1:07.1	but an expansion of this really nefarious wealth gap
1:10.4	that continues to persist within our society.
1:13.0	It's Thursday, June 17th, 2021.
1:15.6	Squawk Pod begins right now.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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