Jan Hatzius on the Narrow Path to Avoid a Hard Landing

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 8 August 2022

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

The multi-trillion dollar question for the US economy is “Can inflation drop to the Federal Reserve’s target without a substantial jump in the unemployment rate?” Everything is riding on this, as it informs the trajectory for the Fed and for growth in the near future. On this episode of the podcast, we pose that question to Jan Hatzius, Chief Economist at Goldman Sachs. We discuss what it will take to bring the unemployment rate down, why it's going to be difficult to avoid a hard landing and also why so many economists both inside and outside of the Federal Reserve got the inflation trajectory wrong over the last year.

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Transcript

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0:00.0	Do you know what your interest rate is on your savings account?
0:02.7	I bet it's lower than you think.
0:04.3	Go ahead and look.
0:05.2	And in the meantime, I'll tell you about U.S. Treasury bills on public.
0:09.3	As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity.
0:16.2	That's the highest rate on six-month Treasury bills since the year 2000.
0:20.0	Go to public.com-slash-t-bill-podcast to get started.
0:23.8	This is a paid endorsement by public.com,
0:26.0	fees and conditions apply.
0:27.3	Treasury accounts at public.com or through Gico Securities Inc.
0:30.4	Member Finra and SIPC.
0:31.8	Not FDIC-insured?
0:33.1	No bank guarantee.
0:34.0	May lose value.
0:34.8	Full disclosures can be found at www.public.com-slash-t-bill-podcast.
0:40.3	This is Carol Maser.
0:41.4	Here to tell you about another podcast we think you'll love listening to.
0:44.9	Bluebird Business Week.
0:46.1	Join us every weekday for the day's breaking business, finance, tech, and entertainment news
0:50.8	from reporters and editors who bring you America's most trusted business magazine.
0:54.9	Central banks can get on top of inflation if they want to.
0:57.9	The trend and AI models is the figure is better.
	...

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