The stock market this week can be described as volatile, as it swings between steep losses and gains. Investors are trying to gauge the risk. Factors such as high inflation, supply chain issues, COVID-19 and the possibility that Russia will invade Ukraine have all contributed to the instability in the markets. Research Fellow at the Heritage Foundation, Joel Griffith, joins to tell us more about the volatile state of stocks and what this means for investors, as the S&P 500 is down nearly 10% and other stocks are exhibiting similar patterns. President Biden is considering "severe economic" sanctions on Russia. Griffith shares how the conflict between Ukraine and Russia could impact our economy. On Wednesday, Federal Reserve Chairman Jerome Powell will hold a press conference about the interest rate hikes that are set to come in March. Griffith explains what the hikes are meant to achieve and what he is expecting from Chairman Powell's remarks. In terms of inflation, the research fellow discusses when we might see prices starting to lower. He fills us in on other economic news happening around the world.
EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests.
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