Are we there yet? How about now?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 28 November 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
We’ve been talking about making an economic “soft landing” for over a year — but how will the Federal Reserve know we’re there? In this episode, Chicago Fed President Austan Goolsbee tells us what indicators he looks at to gauge inflation trends and why cooling the economy is sorta like cooking a turkey. Plus, we’ll answer some business world questions: How is the chemicals sector doing after a pandemic boom? Why are corporate profits trending down? What does a board of directors do?
Transcript
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| 0:32.1 | Hey everybody it's Kai you're looking for a way to show off your love of marketplace this winter? |
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| 0:38.9 | beanies, mugs and new marino wool socks too. |
| 0:41.6 | Stay cozy this winter while making it clear that you |
| 0:44.2 | support public service journalism. Check out all of our thank you gifts and |
| 0:47.9 | make your year in donation now at marketplace.org slash donate. |
| 0:57.0 | How do you feel about data? Because we're going to do a lot of it. |
| 1:01.0 | From American public media. This is Tuesday, today the 28th of November. |
| 1:18.8 | Good as always to have you along everybody. A quick check of data as we get going today on the state of play in this |
| 1:26.4 | economy. You will see why I'm starting here in just a second by the way. |
| 1:29.9 | Inflation, as measured by the Consumer Price Index index sits at 3.2% year on year |
| 1:36.7 | lower than it was but still higher than the Fed wants it to be. |
| 1:40.2 | Unemployment is at 3.9% the economy overall is growing at 4.9% as of the last reading. |
| 1:47.0 | As I said, more data than I like to throw at you all at once, |
| 1:51.0 | but the Federal Reserve is keeping track so you don't have to. |
| 1:54.4 | Austin Goolsby is the president of the Federal Reserve Bank of Chicago. |
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