Mellody Hobson is President of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts.
Additionally, she is a regular financial contributor and analyst for CBS News.
TOM: Good morning, Mellody!
MELLODY: Good morning, Tom!
TOM: This morning we are talking about lower gas prices, and that is welcome news.
MELLODY: it certainly is, Tom. After experiencing some of the highest gas prices on record in recent years, prices at the pump have dropped to their lowest levels in 5 years. That is not only a boon for all of us, but it is also likely to give our economy a boost as well.
TOM: That is great to hear, Mellody! Can you tell us what is causing prices to drop?
Money Mondays: Gas Prices Heading Downward Is Good News For The Economy was originally published on blackamericaweb.com