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, Chair of the White House Council of Economic Advisors, shares insights on inflation and economic strategies. He discusses the balancing act between current fiscal policies and the Federal Reserve's independence. Bernstein also reflects on the economic implications of Trump’s policies, particularly concerning inequality and stagnant wages. His analysis highlights the ongoing efforts to combat inflation while ensuring robust economic recovery, emphasizing the nuanced relationship between policy decisions and their unintended consequences.

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.

Jared Bernstein, head of the White House Council of Economic Advisors, shares insights on the recent buzz around Bidenomics and its impact on the U.S. economy. He discusses the unexpected optimism amidst inflation and labor challenges, highlighting key achievements in manufacturing and clean energy. Bernstein explains the administration's balanced approach to international trade and how public investment ties into anti-monopoly measures to support the middle class. The conversation emphasizes strategies for job creation and the importance of a progressive tax code.

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.