Transcript: Jason Furman on "Face the Nation," May 22, 2022
CBSN
The following is a transcript of an interview with Jason Furman, former chair of the White House Council of Economic Advisers, that aired Sunday, May 22, 2022, on "Face the Nation."
MARGARET BRENNAN: We're joined now by Jason Furman. He was chairman of the Council of Economic Advisers under former President Obama, and he joins us today from Davos, Switzerland. Welcome back to FACE THE NATION. You know, it was a rough week, really, for the markets. The Treasury Secretary kind of spooked people when she started talking about high energy prices, high food prices having a slowing effect on the economy. Ben Bernanke, the former Fed chair, also used this word stagflation. What should American consumers understand is going on?
Almost four out of every 10 people in the United States live in a place where air pollution is considered bad enough to put their health at risk, the American Lung Association warned in its latest "State of the Air" report released on Wednesday. That proportion of people — about 39% of the population — had risen sharply since earlier rounds of pollutant data were analyzed for the annual report last year, and the trends were especially pronounced in certain parts of the country.
Between now and 2030, about 10,000 Americans will turn 65 every single day, highlighting a growing concern about the nation's preparedness for elder care often falling on the shoulders of their adult children. This has given rise to a term known as the "sandwich generation," defined as adults who find themselves caring for their aging parents while still raising their own children.