#stockmarket #youtube #inflation
As prices come down, some companies are passing on extra costs, making the Fed's job to fight inflation that much harder. UBS Chief Economist Paul Donovan joins Rachelle Akuffo and Brad Smith to break down the issues surrounding Fed Chair Jerome Powell's approach towards policy making. Donovan says that when it comes to fighting inflation, Powell, "tends to take an economics 101 approach." Donovan questions the moves by Powell, calling it, "not the best approach," and points to excess demand in the United States that is driving inflation. He adds that while companies are continuing to raise prices, "a more robust explanation of what's going on with inflation," is owed to consumers. If not from Jerome Powell himself, Donovan calls for an explanation from, "someone who is a qualified economist at the Fed." C
KEY VIDEO MOMENTS
00:00:15 - Breaking down what's driving inflation. Disinflation vs. Deflation 00:00:30 - The problems with Jerome Powell's approach
00:00:52 - What's driving inflation
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As prices come down, some companies are passing on extra costs, making the Fed's job to fight inflation that much harder. UBS Chief Economist Paul Donovan joins Rachelle Akuffo and Brad Smith to break down the issues surrounding Fed Chair Jerome Powell's approach towards policy making. Donovan says that when it comes to fighting inflation, Powell, "tends to take an economics 101 approach." Donovan questions the moves by Powell, calling it, "not the best approach," and points to excess demand in the United States that is driving inflation. He adds that while companies are continuing to raise prices, "a more robust explanation of what's going on with inflation," is owed to consumers. If not from Jerome Powell himself, Donovan calls for an explanation from, "someone who is a qualified economist at the Fed." C
KEY VIDEO MOMENTS
00:00:15 - Breaking down what's driving inflation. Disinflation vs. Deflation 00:00:30 - The problems with Jerome Powell's approach
00:00:52 - What's driving inflation
Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
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