Danny Cevallos: Why is it that the Fed wants to use unemployment and a recession to fight inflation? He says if you ask people about their well-being how much does inflation hurt them, think about a 1% point rising inflation. What you get in unemployment is, well 1% of people are unemployed,. So those people's unemployment rises a lot and they're really unhappy," he said. "A 1% rise in unemployment raises pain 10 times more than a 1% points rising inflation"
Bloomberg News International Economics & Policy Correspondent Michael McKee and Danny Blanchflower, Professor of Economics at Dartmouth College, discuss Wednesday's CPI data and how it could impact Fed policy. Jeff Jones, CEO of H&R Block, talks about the tax company's earnings and dealing with economic headwinds. Jamie Lumley, Senior Analyst at Third Bridge Group, and Bloomberg Radio's Paul Sweeney break down Disney earnings. Beerud Sheth, Founder and CEO at Gupshup, explains how businesses are leveraging the power of chatbots. And We Drive to the Close with Alan Lancz, Research Director at LanczGlobal.com.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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