Jay Powell Speaks, Everyone Listens // Peter Earle of AIER // Boston Economy to Undergo Change? - 7/14 (Hour 1)

(0:33) - Fed Chair Jerome Powell is giving testimony this afternoon, and investors are always prepared to listen intently and hang on every word. Will Powell continue to downplay inflation and stick to his guns in regards to tapering?(13:35) - Peter Earle, an Economist at the American Institute of Economic Research, joined the show today to discuss his views on his inflation, specifically recent data that has raised eyebrows on Wall Street.(26:51) - A recent McKinsey study found that demand for office space in the Boston area could drop up to 20% as a result of the pandemic. A ripple effect of this would be a significant drop in ridership on the commuter rail and the T. But how much credence does this report actually hold?(32:36) - Bank of America shares are down following the company's earnings report that showed a miss on revenue. The bank attributed the decline in revenue to a 6% drop in net interest income due to lower interest rates.