White House Is Monitoring SVB Collapse 'Very Carefully'

The transcript features an interview with Barrat Ramamurti discussing the monitoring of Silicon Valley Bank by the Treasury Department. It covers the impact of higher interest rates, the Inflation Reduction Act, and the White House's budget proposal. The discussion also touches on labor market dynamics, inflation control strategies, and immediate versus long-term economic measures. The interview concludes with insights into wage growth and the standard of living amidst ongoing inflation concerns.

What are the potential long-term effects of the proposed budget on inflation?

How does the administration plan to balance economic growth with inflation control?

What indicators suggest that real wages have been improving despite inflation?