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Macroeconomics I: Inflation and Interest Rates

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Top of mind for many distribution executives, inflation is currently at the highest level in more than 40 years. The Federal Reserve has been raising interest rates for several months to try and bring down inflation – so far to no avail. That’s because the Fed uses the Federal Funds Rate – the basis for all other borrowing costs such as mortgages, auto loans, credit cards and business loans – as a tool to manage inflation.

In this episode of The Discerning Distributor, Alex Chausovsky dug into this critical topic to help you better understand that relationship, and what you can expect in the face of a potential economic slowdown.

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About Our Guest

Michael Guckes

Michael started in construction economics as a leading economist for the Ohio Department of Transportation for nearly a decade. He then transitioned to manufacturing economics, where he would ultimately serve for five years as Chief Economist at Gardner Business Media. During this time he covered all forms of manufacturing, from traditional metalworking to advanced composites fabrication. In 2022 Michael joined ConstructConnect’s economics team, shifting his focus to the civil and commercial construction markets. He received his BA in economics and political science from Kenyon College and his MBA from The Ohio State University.

About Our Host 

Alex Chausovsky

Alex Chausovsky is a highly experienced market researcher and analyst with more than 20 years of expertise across economics, industrial manufacturing, automation, talent and workforce issues, and advanced technology trends. For the past two decades, he has consulted and advised companies throughout the U.S. and Canada, Europe, South America and Asia.  

Alex has delivered hundreds of keynote presentations and webinars to small businesses, trade associations and Fortune 500 companies across a spectrum of industries. He is currently overseeing a suite of analytics products focused on talent for the Miller Resource Group. Alex is also consulting with companies to help them become better at attracting, hiring, and retaining the impact players in their industry.