Plain English with Derek Thompson Harsh Truths About 2024 and the Future of the U.S. Economy
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Jul 19, 2024 
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, shares his insights on America's economic future. He addresses the possibility of interest rate cuts and discusses how high rates are impacting housing production. Goolsbee debunks the notion that Trump's high tariffs could solve current economic challenges. The conversation dives into the complexities of the Federal Reserve's dual mandate and the mixed signals in the labor market, revealing a surprising resilience in the economy despite rising rates.
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Assassination Attempts' True Impact
- Failed assassination attempts are more like chaos agents than predictable historical levers.
- Their impact is murky and difficult to predict with confidence.
Trump, Democracy, and the Assassination Attempt
- Trump's past actions, like trying to overturn election results, complicate the situation.
- However, if the U.S. remains a democracy, the assassination attempt's effect should be negligible.
Biden's Biggest Problem
- Biden is consistently trailing both Trump and swing-state Democratic senators.
- This suggests the core issue isn't the Democratic Party, but Biden himself.