INFLATION FOR A LONG PERIOD OF TIME WE HAVE TOOLS TO ADDRESS THAT. >> JOINING NUS NOW TO TALK ABOUT BATTLING HIGHER INFLATION, TENNESSEE REPUBLICAN SENATOR B SOMEONE SAID, WHAT ARE THOSE TOOL A TIGHTER MONETARY POLICY. THEY DON'T EVEN TALK ABOUT THAT. THERE'S A PLAN TO HAVE A PLAN TO TALK ABOUT IT DOWN THE ROAD. WHAT TOOLS IS HE TALKING ABOUT >> I THINK THEY'LL MEET AT THE END OF THIS MONTH.
THEY ARE GOING TO TALK A FURTHER BALANCE SHEET AND ALSO RATES I THINK HE'S GOT A LONGER VIEW ON RATES AND I THINK HE HAS TO LOOK HARD OF WHAT IS HAPPENING IN THE REAL ECONOMY. LOOK AT WHATS HAPPENING IN MY STATE OF TENNESSEE TRY TO BUY A HOUSE IN NASHVILLE RIGHT NOW. PRICES ARE THROUGH THE ROOF. THEY TALK LIKE THIS IS SOME SORT OF PIG IN THE PIPELINE MOMENT. YOU SEE INHERENT POLICY. THEY CAME IN AND CANCELED KEYSTONE AND FORBID DRILLING EVERYTHING PEOPLE IN TENNESSEE HAVE TO BUY IS TRANSPORTED WHEN YOU HAVE MASSIVE STIMULUS SPENDING UNDER WAY AT A TIME WHEN OUR ECONOMY IS IMPROVING. YOU'VE GOT TO TAKE A LONG LOOK AT THE LONG-TERM IMPACT.
WE ARE SEEING INCREASE OF GOVERNMENT DEPENDANCY AND INCREASE OF RETURN OF UNEMPLOYMENT WE NEED TO FOCUS ON INFLATION, THAT'S AN INSIDIOUS TAX. I AM VERY CONCERNED ABOUT THAT I THINK CHAIRMAN POWELL TALKED ABOUT IT TOO >> YOU'VE GOT SOME GREAT EXPERIENCE IN THE FINANCIAL MARKET WE'VE ALREADY DONE A LOT IN TERMS OF MONETARY POLICY IN TERMS OF FISCAL POLICY, WE'VE DONE QUIT A BIT OF STIMULUS IN THE MIDDLE OF THE PANDEMIC NOW WE ARE TALKING ABOUT EXPO NENTALLY MORE. COULD INFLATION GO UP BASED ON THE PROSPECTS FOR THIS HAPPENING? ARE YOU CONVINCED WE ARE GOING TO GET ANOTHER $3 TRILLION OR ANY OF THAT WILL EVER BECOME LAW AT THIS POINT, SENATOR >> AS YOU KNOW, INFLATION CAN BE A SELF-FULFILLING PROPHECY I THINK PEOPLE IN MY HOME STATE AND ACROSS AMERICA ARE FEELING THIS THE THINGS THEY BUY EVER DAY ARE GOING TO BE MORE EXPENSIVE TODAY THAN THEY ARE TOMORROW AS FAMILIES MAKE THEIR OWN DECISIONS.
I AM CONCERNED ABOUT INFLATION DO THE 10 REPUBLICANS THAT DID THIS BIPARTISAN THAT COMES UP TO 4.1 TRILLION. >> WHAT WOULD IN A MEAN A YEAR FROM NOW IF WE DID THAT? >> WE SAW WHAT WOULD HAPPEN IN MARCH. ROUGHLY 10% OF OUR GDP WE WANT TO DUMP INTO OUR ECONOMY.
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