The Fed promised to cut interest rates this week in an effort to address inflation, which last month increased at the highest rate in 40 years .
Inflation hit a four-decade high last month. Meanwhile, unemployment remains at historic lows. More than three-quarters of the largest U.S. companies have reported higher revenue than before Covid-19. Yet, supply chain problems mean people might not be able to find the basics to make holiday treats this year.
These mixed messages have created a divide between the many Americans who feel jittery about the state of the economy, and the Biden administration’s claims of a strong economic recovery.
Now, in an acknowledgment of the threat of inflation, the Federal Reserve has weighed in with promises to hike interest rates in order to combat the higher prices hitting Americans’ pocket books.
Greg Ip is chief economics commentator at the Wall Street Journal. Diane talked to him Friday to understand the risks posed by inflation, how rising prices affect the overall economy and what can be done to address Americans’ economic worries.
As the war in Ukraine grinds on, a look at the economic battlefield and how the conflict might permanently reshape the global economy. Diane talks to Sebastian Mallaby, senior fellow for international economics at the Council on Foreign Relations.
David Gergen was a White House adviser to four presidents, then founded the Center for Public Leadership at Harvard. In a new book he explains what it takes to become a leader and why fresh leadership is so necessary in this country today.
Title IX turns 50 in June. Diane talks to Elizabeth Sharrow, expert on the history and consequences of the landmark sex discrimination law, about how it transformed women's sports -- and how much there is left to be done to achieve equality on the playing field.
The New Yorker's Robin Wright on Russia's threatened use of nuclear weapons and what it says about the state of global security.
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