Catherine Rampell
speaker
759 appearances
7 recordings
4 series
first heard Jan 2025
last heard 12 Jun
Catherine Rampell’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Jun 2026 with 1.
Appearances
When Biden was saying the economy was good, there were a lot of good things happening in the economy.
The job market was really hot.
So, you know, the economy contains multitudes, if you will.
But people didn't really care about the fact that there were plentiful jobs to be had because they had a job and their life was still getting less affordable.
And the other thing that I want to flag here is that even as wages were going up and prices were going up, I think psychologically people experience those things differently.
When you get a raise, you think it's because you earned that raise, right?
You did something really meritorious at work.
Your pay went up because your boss recognized it, or maybe you'd even change jobs, and your pay went up when you changed jobs.
And that was due to your own gumption and hard work.
Whereas inflation is something that happened to you, that robbed you of the full value of that pay raise.
And that's partly true, but it's also possible.
partly not true in the sense that part of the reason why wages were rising is that employees were demanding higher pay to compensate for higher inflation.
There is no dial under the Resolute desk.
Dang.
That allows them to turn prices down.
Although I'm not sure that they would have really wanted to because...
Look, when you have prices go down, it has lots of negative consequences too.
Or oftentimes when you do see some very salient price go down, it might be because something else bad is happening in the economy.
So just as an example of this, Donald Trump lately has been promising that he's going to get gasoline prices down to $2 a gallon again, which would be quite a big decline from where they are today.
Do you know the last time gas was $2 a gallon?
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