PBS News Hour - Full Show November 20, 2025 – PBS News Hour full episode
Nov 21, 2025
Austin Goolsbee, the President of the Federal Reserve Bank of Chicago, dives into the challenges posed by the recent jobs report, highlighting steady hiring paired with rising unemployment. He discusses the complications from delayed economic data on Fed policy and raises concerns about the risk of an AI investment bubble. Goolsbee emphasizes the importance of maintaining Fed independence amidst increasing political pressures and questions the ethical implications of the Trump family's ventures into cryptocurrency.
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Labor Market Steady Yet Harder To Read
- The September jobs report showed steady hiring but a rising unemployment rate as many re-entered the labor force, complicating the outlook.
- Austin Goolsbee warned delayed data from the shutdown makes Fed decisions harder, especially on inflation readings.
Caution On Front-Loading Rate Cuts
- Goolsbee sees risks in front-loading rate cuts and cautions against assuming recent inflation upticks are transitory.
- He says Fed independence is crucial and decisions must be data-driven, not politically driven.
U.S. Draft Peace Plan Demands Heavy Concessions
- The Trump administration's 28-point peace plan for Ukraine includes major concessions Ukraine has rejected, like ceding territory and limiting its military.
- European officials and analysts warn the plan risks rewarding Russian aggression and undermining Ukrainian security.
