CBS News business analyst Jill Schlesinger discusses inflation and the housing market
CBSN
Rising inflation is one of the major economic stories of the moment, as the economy recovers from business shutdowns and job losses over the past year. Prices dropped during the height of the coronavirus pandemic as a result of the drop in demand. Now, there's demand — but with more limited supply.
"The comparison to a year ago is going to show that prices are up dramatically," said Jill Schlesinger, CBS News business analyst and host of the podcasts "Jill on Money" and "Eye on Money." Schlesinger spoke with CBS News chief Washington correspondent Major Garrett for this week's episode of "The Takeout" podcast.
Washington — Amid Trump administration demands for Tehran to keep the free flow of commerce in the Strait of Hormuz, U.S. officials have told CBS News that there are at least a dozen underwater mines through the vital passageway, according to current American intelligence assessments. Arden Farhi, Kathryn Watson, Caroline Linton, Aimee Picchi and Layla Ferris contributed to this report.

Washington — President Trump said early Monday that he is postponing airstrikes on Iran's power plants after "very good and productive conversations" over the last two days about reopening the Strait of Hormuz. However, Iran's foreign ministry denied any such talks. Claire Day contributed to this report. In:











