With interest rates and prices rising and GDP declining, many Americans want to know: Are we are in a recession, and should we be worried? Andy calls on expert economist Justin Wolfers to explain why the economy may not be as bad as it feels, what the Fed is doing to pump the brakes, and when we might see price increases come under control. Then Justin unpacks the economic elements in the Inflation Reduction Act and predicts whether it will live up to its name and help lower prices.

Keep up with Andy on Twitter @ASlavitt.

Follow Justin Wolfers on @JustinWolfers

Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium.

Support the show by checking out our sponsors!

Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: https://lemonadamedia.com/sponsors/

Check out these resources from today’s episode:

Read more about Wolfer’s thoughts on how high inflation helps homeowners
Wolfer’s is also quoted in this NYT piece on why high unemployment makes people more unhappy than high inflation
Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/
Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165

Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia.

For additional resources, information, and a transcript of the episode, visit lemonadamedia.com/show/inthebubble.

See omnystudio.com/listener for privacy information.

'Ahsoka' Finale Deep Dive

House of R

Remember Everything You Learn from Podcasts