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How long will the fight against inflation last?
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The Federal Reserve has spoken: It's not backing down from a more aggressive interest-rate strategy to try to stamp out inflation. What kind of economic pain will that cause? And how long will it last? Plus, we look at how markets have been reacting to Fed Chair Jerome Powell's speech from Friday at the Jackson Hole Economic Symposium. And, inflation is a global issue, but these lingering higher prices are caused by different things in different places. We break it all down.
Segments From this episode
Fed Chair Jerome Powell has made it clear he will not waiver in the fight against inflation, even if it causes economic pain.
The U.S. is seeing some moderation in energy and food prices. That's not case overseas.
David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Jesson Duller Media Producer
Meredith Garretson Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer
Ariana Rosas Producer/Director
Jarrett Dang Production Assistant