Bloomberg Surveillance
Bloomberg Surveillance: Adewale Adeyemo on Inflation
Jan 27, 2024
US Deputy Treasury Secretary Adewale Adeyemo discusses the Biden administration's efforts to address inflation and boost the economy. They touch on progress made for the middle class, supply chain challenges driving inflation, tax relief investments, and national security risks. They also discuss the CFIUS process, Russia's invasion of Ukraine, and trade negotiations. Additionally, they address China's trade violations and competition in the automotive industry through tariffs and collaboration with allies.
08:44
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The Biden administration remains committed to improving the financial situation of the middle class and putting more money in their pockets, with initiatives such as reduced gas prices and increased disposable income.
- Despite ongoing pandemic challenges, the United States is in a stronger economic position, thanks to efforts from businesses and the American people, along with initiatives like the Advanced Child Tax Credit and relief for small businesses.
Deep dives
Progress in Controlling Inflation and Boosting Middle-Class Income
The Biden administration has expressed a sense of progress in controlling inflation and improving the financial situation of the middle class. Secretary Yellen has consistently maintained that it is possible to achieve economic growth, lower inflation, and maintain a tight labor market. The administration is focused on ensuring that the middle class has more disposable income, pointing to factors such as reduced gas prices. While acknowledging that there is still work to be done in putting more money in the pockets of middle-class Americans, the administration remains committed to advancing these goals.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
