28 min listen
Lipstick, Loans, & Jay Powell: More Pain Ahead 8/26/22
FromSquawk Pod
ratings:
Length:
31 minutes
Released:
Aug 26, 2022
Format:
Podcast episode
Description
At this year’s Jackson Hole meeting Federal Reserve Chair Jay Powell has assured the U.S. that the central bank will continue hiking interest rates to ease inflation, even if it prompts an economic slowdown. Jason Furman, former chair of President Obama’s Council of Economic Advisors and a speaker at that same Jackson Hole meeting, discusses the various players working to lower inflation: the Fed, the Biden Administration, and Congress. Furman and Steve Liesman consider the labor market and the student loan forgiveness plan that’s concerned many investors. Next week kicks off one of New York’s biggest sporting events, the US Open. USTA CEO Lew Sherr discusses the players hitting the tennis court and the ones sitting out. Plus, CNBC’s Courtney Reagan reports on the “lipstick indicator,” the metaverse is getting a few updates from Williams Sonoma and from Mark Zuckerberg. In this episode: Jason Furman, @jasonfurmanLew Sherr, @ustaCourtney Reagan, @CourtReaganSteve Liesman, @SteveLiesmanBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkCameron Costa, @CameronCostaNY
Released:
Aug 26, 2022
Format:
Podcast episode
Titles in the series (100)
Unemployment Hits 14.7%; Uber CEO Navigating a Crisis: The historic April jobs report from the U.S. Labor Department revealed the highest level of unemployment since the Great Depression. Market historian and UPenn Wharton Professor Jeremy Siegel shares some context for these numbers, as well as his projections for America post-Covid. Plus, Uber CEO Dara Khosrowshahi explains his plan to support and protect drivers providing essential services during the crisis. by Squawk Pod