Economist Podcasts
The Intelligence: Growing, no pains
Jan 11, 2024
Simon Rabinovich discusses the American economy's unexpected growth amid falling inflation and what this means for the future. Oliver Morton dives into the recent challenges of the Peregrine One moon lander, highlighting the good news from the launch. Moeka Iida explores the modernization of geisha culture in Japan, revealing how they adapt to attract younger audiences while countering common misconceptions. Together, they shed light on the delicate interplay of tradition and innovation in today's world.
25:13
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Quick takeaways
- The American economy has experienced strong growth despite falling inflation, thanks to Biden administration policies and stimulus support for consumers.
- Geishas in Japan are adapting to modern society by embracing new initiatives like crowdfunding and targeting a wider audience, ensuring their culture survives.
Deep dives
The Federal Reserve's Approach to Curbing Inflation
The Federal Reserve has been focused on curbing inflation, with Chair Jerome Powell emphasizing the importance of maintaining a 2% inflation target. While the Consumer Price Index has been falling, the American economy has experienced strong growth, defying expectations for a slowdown. The resilience of the economy has been attributed to Biden administration policies, such as subsidies for electric vehicles and the semiconductor industry, a surprising strength in the property sector, and the accumulated savings and stimulus support for American consumers.
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