When you agree to a wage contract or rent an apartment, this is based on what you think inflation's going to be over the next year. So that's one of the reasons it takes a long time for Fed policy to work. A lot of folks are saying this is not your grandmother, grandfather's inflation. It seems like they've become unanchored now.
Allison Schrager, Senior Fellow at the Manhattan Institute, discusses her Bloomberg Opinion piece on why interest rates will need to go higher for longer to turn the tide of inflation. Bloomberg Intelligence Senior Global Banks Analyst Alison Williams breaks down Goldman Sachs earnings and the outlook for banks. Bloomberg Businessweek Editor Joel Weber and Businessweek Columnist Max Chafkin provide the details of Max's Businessweek story Mark Zuckerberg Isn’t Saying Much About Facebook These Days. Are Traasdahl, Founder & CEO at Crisp, has a look at holiday supply chain challenges for retail. And we Drive to the Close with Cole Smead, President and Portfolio Manager at Smead Capital.
Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan.
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