Brian Brenberg: If You’re Just Talking Economics, The Data Doesn’t Show Interest Rates Need To Be Brought Down

Co-host of “The Big Money Show” on Fox Business Brian Brenberg joins Fox Across America With Jimmy Failla to share some of his key takeaways from the Labor Department’s latest inflation report, which shows consumer prices rose 3.2 percent in February from the same time last year.

“I mean we’re not at nine percent anymore, so woo hoo! We can celebrate about that. But we have dropped down to this level of 3.2 percent was the headline, 3.8 was the core number. Take out energy and food. The point is, if you look at the graph of the inflation rate it goes way up, comes down, and now we’re in this part of the line where it’s just leveling out. And, you know look, I’d rather be at 3.8 than at nine. But the problem is we want to be at two and we’re not dipping down to get there. So for the average American, the issue is well, you know, I don’t love these interest rates. I would love seven percent mortgage. If you’re just talking economics and we’re in a political year for sure, if you’re just talking economics, not seeing a lot of data that tells you that you ought to bring that interest rate down. But in a political year, you know, you got Elizabeth Warren, you got Bernie Sanders, you got a lot of pressure. Jay Powell, bring those rates down. Biden”

Jimmy and Brian also discuss the possibility of a third party candidate playing spoiler in the 2024 presidential election. Listen to the podcast to hear what else they talked about!