Moody's Talks - Inside Economics Jared Bernstein's Head is Spinning
Apr 11, 2025
Jared Bernstein, former Chair of the Council of Economic Advisors under Joe Biden, weighs in on global economic turbulence and the nuances of the U.S.-China trade war. Martin Wurm shares insights on the financial market's recent volatility, while Matt Colyar discusses the latest inflation data and how it shapes market expectations. The trio hilariously debates the implications of rising tariffs, bond yields, and recession probabilities, shedding light on the unpredictable nature of today’s economy.
AI Snips
Chapters
Transcript
Episode notes
Trade War Impact
- The current trade war is significantly impacting global markets and causing unprecedented turmoil.
- Jared Bernstein expresses concern about the president's approach to trade and its potential consequences.
Tariff Concerns
- Presidential tariffs are causing significant market fluctuations and uncertainty.
- There's debate about the legality of these actions, but few constraints exist on the president.
Stock Market Anomalies
- Despite the ongoing trade war, the stock market's decline seems less severe than expected.
- Jared Bernstein suggests the market's movement is highly correlated with news about tariffs.