
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?

Emergency crews were forced to suspend search operations in Kerr County, Texas, on Sunday, as the area hit hardest by catastrophic flash flooding earlier this month faced a renewed flood threat. Officials in Texas' rural and flood-prone Hill Country have said at least 161 people from the area remain missing in the aftermath of destructive July 4 storms that caused the Guadalupe River to overflow, and efforts to find them are ongoing.

Barbara Rae-Venter, a 76-year-old patent attorney living in Marina, California, thought she'd spend her retirement leisurely playing tennis, traveling, and indulging in her favorite pastime: researching her ancestry and building a family tree. It didn't quite work out that way. For Rae-Venter, something she started as a hobby led to capturing one of the most notorious criminals in California.