meta_pixel
Tapesearch Logo
Log in
The NPR Politics Podcast

Fight Inflation Without Recession? How Two Top Economists See It

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.524.9K Ratings

🗓️ 20 October 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

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 [email protected]
Join the NPR Politics Podcast Facebook Group.
Subscribe to the NPR Politics Newsletter.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi there, it's the NPR Politics Podcast and I'm Asma Khalid, I cover the White House.

0:08.6

Today on the show an issue that seems to be on a lot of voters minds.

0:13.3

Certainly inflation.

0:14.6

For me right now it's a inflation.

0:17.0

I think it's inflation is number one.

0:19.6

I think the cost of groceries have gone up dramatically.

0:23.2

Prices have risen sharply over the last year and a half.

0:26.7

Prices have shown that other issues have ebbed and flowed but inflation has consistently

0:31.4

been one of the most ongoing concerns for voters.

0:35.4

I've been doing a lot of reporting on inflation and recently I spoke to two economists to get

0:40.2

a clearer picture of how long inflation might last and what if anything the government

0:45.8

can do about it.

0:47.3

They had somewhat different opinions on the matter.

0:50.2

First, Jared Bernstein, he's on the council of economic advisors in the Biden White House.

0:54.9

What I already see as we speak are things working their way into the inflation story that

1:01.2

will very likely ease price pressures in the months and quarters to come.

1:06.2

And then Larry Summers, an economist who has not been shy about his inflation fears,

1:11.4

an economist who has worked in previous democratic administrations including President Clinton

1:16.1

and President Obama.

1:17.4

We have a fairly serious inflation problem.

1:21.2

A very bad, fairly serious inflation problem is likely to have substantial costs in terms

1:28.4

of an economic downturn.

...

Please login to see the full transcript.

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

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

Copyright © Tapesearch 2025.