Protect jobs or how much you can buy for a dollar? It's up to the Federal Reserve, the nation's central bank, to strike a balance. Larry Summers, who worked in the Clinton and Obama administrations, says a recession is likely as the Fed tries to figure it out. Jared Bernstein, a top White House economist, touts the steps the White House has taken to boost the economy — but acknowledged that the administration has limited influence, even if it will bear the political responsibility.This episode: White House correspondent Asma Khalid and chief economics correspondent Scott Horsley.Learn more about upcoming live shows of The NPR Politics Podcast at nprpresents.org.Support the show and unlock sponsor-free listening with a subscription to The NPR Politics Podcast Plus. Learn more at plus.npr.org/politics Connect:Email the show at nprpolitics@npr.orgJoin the NPR Politics Podcast Facebook Group.Subscribe to the NPR Politics Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Jared Bernstein, the current Chairman of the Council of Economic Advisers under President Biden, and Kevin Hassett, the former Chairman under President Trump, engage in a lively debate on economic policy. They tackle the implications of corporate tax hikes, exploring how raising rates could impact growth and investment. Bernstein highlights the benefits of expanding child tax credits in reducing poverty, while both reflect on the challenges of tariffs in U.S.-China relations. Their insights reveal stark contrasts in vision while acknowledging common economic concerns.

Guests discuss topics ranging from economic advice, FJB chant, corruption in government, funding from Alex Soros, lawsuits against college protesters, rebuilding Gaza, and more in this engaging and thought-provoking podcast episode with Scott Adams.

Jared Bernstein, the chair of President Biden’s Council of Economic Advisers, dives deep into the current state of the US economy. He discusses how positive economic indicators clash with public sentiment amid the upcoming elections. Bernstein tackles topics like inflation, the labor market, and ongoing housing issues. The conversation also shifts to innovative policy proposals aimed at economic fairness, including targeted rent controls and a prepayment tax on unrealized capital gains. With humor and insight, he navigates the complexities of the political narrative surrounding economic realities.

Join Jared Bernstein, Chair of President Biden's Council of Economic Advisors, and Daniel from the National Economic Council as they tackle pressing economic issues. They break down the current state of inflation and its indicators like CPI and PPI. The duo dives into labor market dynamics and discusses the urgent need for effective housing policies. Key topics include wealth inequality, the importance of tax reform, and innovative solutions for rental affordability, emphasizing how thoughtful government policy can positively impact everyday consumers.