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Marketplace All-in-One

The hottest invite in American economics

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 19 August 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Picture this: Lush greenery, the picturesque Tetons and Federal Reserve Chairman Jerome Powell in a cowboy hat. (Maybe.) This week, roughly 120 academics, Fed policy makers and journalists are descending on Wyoming for the annual Jackson Hole Symposium. We’ll hear more about the event combining mountain hikes and monetary policy. But first, inflation remains a raw nerve as Vice President Kamala Harris begins to outline her economic policy goals.

Transcript

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0:00.0

A Harris Economic Agenda emerges.

0:04.0

From Marketplace, I'm Sabrie Benashore in for David Brancaccio.

0:08.0

Vice President and presidential candidate Kamala Harris began to lay out an economic agenda last week including support for first-time

0:14.4

homebuyers, efforts to control price increases around groceries in particular, and as the Democratic

0:19.3

National Convention kicks off today, Democrats will need to carefully frame the economic

0:23.9

performance of the current administration while promising those

0:27.8

improvements. Julia Cornato is founder and president of macro policy

0:31.7

perspectives and a professor at the University of Texas Austin joins us good morning good morning

0:36.9

So the economy is obviously super important to a presidential election what is the current state of the economy as

0:43.4

actually experienced by most Americans right now?

0:47.2

Well the economy is still looking pretty decent the unemployment rate still low. The growth numbers are still

0:55.4

okay. They've slowed down a bit from last year, but people are still grappling with

1:00.7

that higher price level and that's I think some of the frustration we see in the

1:04.7

sentiment numbers and some of the issues that both candidates are alleging to try to address.

1:11.3

Right, so inflation is basically still a nerve there, a raw kind of a

1:15.5

nerve even if things are sort of stabilizing. And with that, what do economists think about

1:21.2

Vice President Kamala Harris has plan to ban price gouging?

1:25.5

The plan, as it is stated, is very general.

1:29.5

There is a bill in Congress.

1:31.3

It's quite specific to extreme moments where there has been a crisis or event and there is verifiable price gouging.

1:41.0

That proposal is fairly sensible, very narrow. The idea of

1:46.4

banning price gouging is a lot harder in a sort of broader sweep way, but I think the idea is obviously of

...

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