Why the Fed is trapped by inflation
Prices are rising at their fastest clip in three years, according to new data out Wednesday. What does this mean for interest rates? Loretta Mester, former president and CEO of the Federal Reserve Bank of Cleveland, explains the likely economic impact.Then, a new government report out this week found that unless Congress passes new laws soon, Social Security will not be able to pay out full benefits to all eligible seniors starting in 2032. Former Social Security commissioner Michael Astrue shares more.And, Team USA will play its first match of the 2026 FIFA World Cup tournament on Friday…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.