Delta’s Demand, Inflation’s Rise, & the Repercussions of a Rescue 03/14/23
Squawk Pod14 Mar 2023

Delta’s Demand, Inflation’s Rise, & the Repercussions of a Rescue 03/14/23

The Federal Reserve’s next rate hike is around the corner–or is it? The latest inflation report, last month’s Consumer Price Index, came in hot but not worse than expected. CNBC’s Steve Liesman considers whether it’s a stable enough report to merit a pause on the Fed’s rate hiking spree. Another concern for the Fed: instability in the financial system. Markets and regulators are digesting the second- and third-largest bank failures in U.S. history, and former CEO of Bridgewater Dave McCormick is asking whether the government’s Silicon Valley Bank depositor rescue set the correct economic precedent. In a wide-ranging interview, McCormick compares 2023’s bank backstops to the 2008 financial crisis and discusses the rest of the challenges facing the American economy. Plus, Delta CEO Ed Bastian says, air travel demand is strong, despite safety concerns and sky high ticket prices.

In this episode:

Ed Bastian, @Delta

Dave McCormick, @DaveMcCormickPA

Phil Lebeau, @Lebeaucarnews

Steve Liesman, @steveliesman

Andrew Ross Sorkin, @andrewrsorkin
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie


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