The Weekly Show with Jon Stewart Inflation Frustration as Fed Cuts Rates
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Sep 19, 2024 
Kitty Richards, a Senior Fellow at Groundwork Collaborative and former Treasury Official, joins Jason Furman, an Aetna Professor of Economic Policy at Harvard, for a deep dive into the current inflation landscape. They discuss the disconnect between easing inflation rates and public sentiment, exploring corporate greed's role in price surges and the need for policy reforms. The conversation also tackles the Federal Reserve's strategies and the debate over demand-side versus supply-side stimulus, all while unpacking the complexities of economic challenges facing Americans today.
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Inflation's Complexity
- Inflation is multifaceted and driven by various factors like corporate greed, supply chains, demand, and monetary policy.
- The Federal Reserve's rate adjustments don't fully address these complexities.
Rate Hikes and Housing
- The Federal Reserve's rate hikes increase mortgage rates, making housing more expensive and potentially reducing supply.
- Corporate profits spiked unusually high during the current economic situation.
Interest Rates, Inflation, and Profits
- Raising interest rates lowers inflation but also slows job growth and economic growth.
- Stimulating demand can lead to increased profits due to consumers' willingness to pay more when they have more money.