CNBC Television published this video item, entitled “You see signs of the economy slowing down, says fmr. Treasury Sec. Jack Lew” – below is their description.
Former Obama Treasury Secretary Jack Lew joins ‘Closing Bell’ to discuss the Fed’s efforts to fight inflation without sparking a recession and what he sees ahead for the U.S. economy.
CNBC Television YouTube Channel
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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
Barack Obama is an American politician and attorney who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and an Illinois state senator from 1997 to 2004.
Obama left office in January 2017 and continues to reside in Washington, D.C.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
