What the Fed wants is a 2% inflation over the long term. We could see a soft landing in the 1990s, but we really don't know. What happens next in the economy is not just whatever the Fed says. The past 3 years have been wild and everything has been unprecedented. There could be something else to get through a wrench into things.
Wealthy companies like Google and Microsoft are announcing unprecedented layoffs — all while the economy is trending in the right direction. Vox’s Emily Stewart explains.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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