Whitney Warns of Consumer Strain

Meredith Whitney, the CEO of the Meredith Whitney Advisory Group joins Bloomberg Open Interest to talk about how the affordability squeeze is still weighing heavily on lower-income households, even as inflation cools. She discusses why higher rates may do little to ease that pressure, how a stagnant housing market and coming layoffs could deepen concerns, and why investors are questioning whether earnings growth can last. (Source: Bloomberg)