September 27, 2022


On Monday’s broadcast of CNN’s “New Day,” CNN Business Editor at Large and anchor Richard Quest said inflation “will continue to rise for the foreseeable future. It may slow down a bit, but prices will continue to rise for the foreseeable future.” And “the medicine the Fed delivers has only just begun. … We’re talking about later this year, early next year, in the middle of next year.”

Quest said, “[Y]you will see inflation continue to rise for the foreseeable future. It may slow down a bit, but prices will continue to rise, for the foreseeable future. This is about to happen. Oil and natural gas [are] determined and driven by external factors. Well, you will look at Ukraine. You will look at Saudi Arabia [Arabia]. You will look at the ability of Texas and North Dakota and South Dakota to produce more oil and natural gas. These are the factors. But we are — the medicine the Fed delivers has only just begun. That, I think, is critical as people see rates go up three-quarters of a percent twice. And they think, oh, everything will work out. We’re talking about later this year, early next year, in the middle of next year.”

Follow Ian Hanchett on Twitter @IanHanchett





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