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.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 5 in all, peaking in Jun 2026 with 1.
Appearances
So what happens is this becomes a self-perpetuating cycle
People see prices falling.
They hold off on spending.
Consumer spending grinds to a halt and prices get lower and lower and lower.
This is sometimes called a deflationary spiral.
We saw a version of this during the Great Depression.
We've seen versions of this in Japan, for example, in the 90s, in Greece, during the Greek debt crisis and thereafter.
So this is really not...
a good pattern you want the economy to get into where prices are falling or even when they're like just imperceptibly hovering around zero percent growth so that's why the federal reserve is targeting a two percent pace of inflation rather than zero percent or heaven forbid negative because again if you get into that negative price growth if prices are actively falling across the board you can really end up in a dark place economically
You know, different people make different choices about what to do with a fixed amount of money.
And it's very easy to judge other people's choices.
But yeah, we all live within some constraints.
That doesn't mean it's not reasonable to say...
It feels like everybody else is getting ahead and everybody else can afford a home and a vacation.
And I can't.
And that's really frustrating.
But it's also up to policymakers to ensure that people, you know, aside from like, you know, side eyeing their neighbors and feeling poor and whatnot, that they do feel like they can they can get the things that we think are right.
the basic needs of humanity, healthcare, food, you know, the ability to put clothes on their kids.
So, you know, I think there are different ways to look at this.
Doing okay. How are you?
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