Our host Dr. Kamran Afshar and guests David Kennedy, Chief Banking Officer, National Penn and Tony Ianelli, President, Greater Lehigh Valley Chamber of Commerce, discuss Lehigh Valley's quarterly economic review. (Original air-date February 6, 2014)
Before the Great Recession, inflation was rising at a pretty healthy rate, reaching as high as 5.6%. However, the recession wiped out that inflation alongside with 8.7 million payroll jobs, a booming housing market, more than 500 commercial banks,as well as a large number of other businesses. What Happened to inflation? Does the Federal Reserve have the tools to keep inflation at bay? At what cost? (Original air-date January 17, 2014).