A reality check on inflation and the economy

Federal Reserve Chair Jerome Powell said at the Jackson Hole Economic Symposium in Wyoming on Friday that inflation remains too high. He added that the central bank is prepared to raise interest rates further in the coming months. The big picture: Mortgage rates are already at a two-decade high and so far this year has had a record number of media layoffs. Why does this strong economy feel so weak in some areas? Plus, a racially motivated shooting in Jacksonville leaves three dead. Tropical Storm Idalia eyes Florida. Guests: Axios' Neil Irwin and Ina Fried. Credits: Axios Today was produced by Niala Boodhoo, Alexandra Botti, Fonda Mwangi, Robin Linn and Alex Sugiura. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can send questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Axios podcast host Niala Boodhoo digs deep with leaders you know — or need to know — in business, politics and culture. Every week, all in under 20 minutes. About Axios: Axios is a digital media company launched in 2017. Axios helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.  About Niala Boodhoo: Niala Boodhoo is the host of 1 big thing and previously hosted Axios Today She was the founding Host and Executive Producer of the award-winning news program The 21st. An alum of Reuters, The Miami Herald and WBEZ/Chicago, Niala was a 2019-2020 Knight-Wallace fellow.