Yellen, Powell remind us pandemic pain is still prevalent
Mar 24, 2021

Yellen, Powell remind us pandemic pain is still prevalent

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Treasury Secretary Janet Yellen said 1 in 10 adults in the U.S. are going hungry. Plus, stock prices are up ... for now. We take a closer look at the recent back-and-forth, and whether it's "good inflation" or "bad inflation" that the economy could see during recovery. And, California Gov. Gavin Newsom will likely face a recall election this fall.

Segments From this episode

So, is it good inflation or bad inflation that we'll see over the course of economic recovery?

Here's what Susan Schmidt, head of U.S. equities with Aviva Investors, says: "I think we are going to see year-over-year prices increases, and that does mean that we're going to see things going up, and interest rates might go up. But it's because we were at a standstill in the economy last year. I'm in the camp that I think it's good inflation. Let's talk again about it in the fall."

A recall election is an economy unto itself

Mar 24, 2021
California Gov. Gavin Newsom will likely face a recall election this fall. That means a flood of campaign contributions.
California Gov. Gavin Newsom, a Democrat, will likely face a recall election this fall, more than a year before his first term in office is supposed to end.
Kevork Djansezian/Getty Images

Music from the episode

I Feel It Coming The Weeknd, Daft Punk

The team

Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Brian Allison Engineer
Meredith Garretson Senior Producer
Erika Soderstrom Producer
Rose Conlon Producer
Alex Schroeder Producer