US inflation hit 9.1% in June, the highest in more than 40 years, intensifying pressure on the Federal Reserve Board to raise interest rates even more

The stock market remains volatile and wobbly, but unemployment remains at historic lows, and while the economy is sluggish, are worries about a looming recession legitimate?

For more on this, KCBS Radio news anchors Doug Sovern and Margie Shafer spoke with Chris Thornberg, one of California’s best-known economists, founder of Beacon Economics, formerly the senior economist for UCLA’s Anderson Forecast, and now teaching at UC Riverside.