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KERA's Think

Trumponomics and the price of eggs

KERA's Think

KERA

Society & Culture, 071003, Kera, Think, Krysboyd

4.8861 Ratings

🗓️ 19 February 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

From egg prices to tariffs, a strong job market and stubborn inflation, this economy is hard to wrap your head around — but we’ll give it a try. Rogé Karma, staff writer at The Atlantic, joins host Krys Boyd to discuss the many swirling factors that go into taking a bird’s eye view of the current economy, including what looks promising and what leaves economists in doubt.





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Transcript

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0:00.0

Leading up to the 2024 elections, more Americans told pollsters they trusted Donald Trump to handle the economy than Kamala Harris, which was surely a factor in the president's return to the White House.

0:21.4

And now that he's back, he is making some very bold moves.

0:25.4

From KERA in Dallas, this is think. I'm Chris Boyd.

0:29.4

Less than a month in, and the president has used tariffs or the threat of tariffs to gain

0:34.0

concessions from key trading partners, Mexico and Canada, and enacted a 10%

0:38.7

tariff on everything this country imports from China. He's allowed his Department of Government

0:43.2

efficiency to cut thousands of federal jobs with more likely to come, which could be a big deal

0:48.5

for the economy, given that the federal government is the country's largest employer. And of course,

0:53.3

while it is unfair to blame the

0:54.6

president for the price of eggs, many Americans are looking to him to fix that. We wanted to get a

0:59.8

broad sense of the financial outlook for the country and how the exceptionally dynamic early weeks

1:05.2

of this presidential term might shape what is ahead for all of us. So we have invited Roje Kama

1:10.4

to join us. He is a staff writer at

1:12.5

the Atlantic covering economics and economic policy. Roge, welcome back to think. Great to be here.

1:18.1

Thanks for having me. So after some promising declines in the rate of inflation, we have seen

1:23.0

prices pick back up again so that January prices were up of 3% from a year earlier. How much

1:30.4

worse does 3% feel than the Fed's target rate of 2% year over year?

1:36.2

I think it actually, for most people, this will not feel very different, right? A difference

1:42.8

of 1% in the inflation rate isn't going to be something that consumers

1:48.4

notice at the grocery store or, you know, when loading up a tank of gas.

1:53.6

I think the more concerning thing about this inflation report is about what it says about

1:59.3

the direction of inflation. What it says is that maybe

...

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