Your Bills Are About to Go Up — The Fed Can’t Stop It
Key Takeaways
- •
Fed policy limitations - The Federal Reserve's interest rate tools may be insufficient to combat rising household costs driven by external geopolitical supply shocks.
- •
Geopolitical inflation catalysts - Conflict involving Iran is emerging as a primary driver for energy price hikes that will likely hit consumer wallets regardless of domestic policy.
- •
Stagflation risks - Economic experts are weighing whether persistent high prices and shifting growth patterns are pushing the U.S. toward a period of stagflation.
Episode Description
Description: Ed Elson speaks with Michael Gapen and Robert Armstrong about the Federal Reserve’s interest rate decision and what to expect from inflation for the rest of the year. They discuss how households will be impacted by the war in Iran, whether stagflation is on the table, and give the health of the economy a grade. Michael Gapen is the Chief US Economist at Morgan Stanley. Robert Armstrong is a financial commentator for the Financial Times and author of the Unhedged Newsletter. Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices