Talking Feds
It's (Half) the Economy, Genius!
Nov 13, 2023
Economists Dean Baker, Paul Krugman, and financial journalist Stephanie Ruhle discuss the disconnect between positive economic data and public perception, Trump's economic policies and potential risks, the impact of high bond yields on the economy, the increase in rates and uncertainty, the impact of AI on the economy and society, and AI's effect on education and equality.
54:13
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Quick takeaways
- Strong economic growth is not translating into positive perceptions among Americans, which may impact the upcoming presidential election.
- Concerns arise about inflation control and the potential impact of rising treasury yields, student loan repayments, and federal debt.
Deep dives
Robust economic growth and low inflation
The US economy has shown remarkable growth, expanding at an annual rate of 4.9% in the third quarter, while inflation remains stable near the Federal Reserve's target of 2%. These benchmarks, coupled with low unemployment rates, are seen as incredible achievements and an indicator of a strong economy.
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