Economic check-in: Stocks surge, consumers wary, Fed Chair pick

Consumer sentiment reached an all time low last week, according to a long-running University of Michigan survey. Are Americans right to be glum about the economy? President Donald Trump has waved away economic concerns, pointing to a thriving stock market and continues to call for interest rate cuts. And if his nominee for Federal Reserve chair gets the green light in Tuesday’s Senate Banking Committee hearing, he just might get them. So who is President Trump’s pick to lead the central bank? And what might new leadership mean for inflation and the economy? Guests: Lydia DePillis, economics reporter for the New York Times Patrick Harker, Former President of the Federal Reserve Bank of Philadelphia and professor at The Wharton School