meta_pixel
Tapesearch Logo
Log in
Open to Debate

Agree to Disagree: Can the Fed Manage a Soft Landing?

Open to Debate

Open to Debate

News, Education, Society & Culture

4.6 • 2.2K Ratings

🗓️ 15 July 2022

⏱️ 52 minutes

🧾️ Download transcript

Summary

The Fed recently announced aggressive interest rate hikes and is signaling more to come. Its goal? To stabilize the economy amid surging inflation (reaching rates not seen in some 40 years) and lingering supply chain disruptions and shortages. But can the Fed actually manage a so-called "soft landing"?     Arguing "yes" is Dean Baker. Arguing "no" is Yeva Nersisyan. Emmy award-winning journalist John Donvan moderates.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Slack. With Slack, you can bring all your people and

0:05.9

tools together in one place. It's your digital HQ where you can increase productivity,

0:11.1

enable flexibility and automate workflows. Plus, Slack is full of game-changing features

0:16.7

like huddles for quick check-ins or Slack Connect, which helps you connect with partners

0:20.9

inside and outside of your company. Slack, where the future works. Get started at

0:26.9

Slack.com slash DHQ. It may seem that only economists are really into talking economics,

0:35.3

but that is not so true when the economy is up to something that the rest of us are experiencing

0:41.1

and we want to understand why it's going on, especially when it's painful. And so here

0:45.6

we are, inflation at a 40-year high. And we are all feeling it. And we're also hearing

0:52.3

if you've followed the news at all, that there is something being done to try to get it

0:55.8

under control, which is the Federal Reserve Bank raising interest rates. But really,

1:01.8

most of us understand how that works or how it's supposed to work and how fast it's supposed

1:06.4

to work so that we can get past this time. And when you hear it said that the Fed is aiming

1:10.7

for a soft landing, what does that mean? What does the Fed actually trying to land? And

1:16.2

can it pull off this soft landing, which sounds like the right kind of landing? Well, that's

1:20.2

where our two guests are going to disagree. They are going to debate the question, can

1:25.7

the Fed manage a soft landing? My guests, our debaters include Yeva and Narcissian. She's

1:30.9

an economist at Franklin Marshall College. You have a welcome to agree to disagree. And

1:35.0

right now, I'm just looking for a yes or no. Can the Fed manage a soft landing? I'm going

1:40.2

to say no. Joining us as well, Dean Baker, co-director of the Center for Economic and Publicity

1:45.1

Research in Washington, DC. Dean Sence, Yeva is the no, that makes you the yes. Can the

1:50.2

Fed manage a soft landing? You're a yes. Yes, and I think it's already most of the way

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Open to Debate, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Open to Debate and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.