More Jobs, Bigger Paychecks... And The Risk Of Recession?

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.5 • 24.9K Ratings

🗓️ 6 May 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Lots of people have gotten jobs recently and paychecks are, on average, getting bigger. But what those paychecks can buy is shrinking because costs are going up. So, the Federal Reserve is taking steps to limit the amount of money bouncing around in the economy. That should help slow price increases — but risks a recession.

And far-right group leaders are pleading guilty to serious charges tied to their involvement in the January 6th riot. And the congressional investigation has interviewed nearly 1000 people ahead of "primetime" hearings in June.

Also: Keanu Reeves reports for the CBC, Blake Lively wears a dress, and Judge Judy makes money.

This episode: White House correspondent Tamara Keith, White House correspondent Asma Khalid, chief economics correspondent Scott Horsley, congressional reporter Claudia Grisales, and justice correspondent Ryan Lucas.

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Transcript

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0:00.0	Hello, this is Jonathan on the Weihih Ridge Trail in Maui Havai.
0:05.9	I'm recording the quintessential public radio sound on this muddy trail.
0:10.7	It's a wet and steep that I'm almost surfing down in my boots.
0:15.0	This podcast was recorded at 159 pm on Friday, May 6th, 2022.
0:22.2	Things may have changed by the time you hear this, but I can't let go of this walking stick or also fall.
0:28.2	All right, here's the show.
0:33.2	I was like, where's the babbling gruff?
0:35.3	I need a babbling gruff, or it isn't really the most typical public radio sound.
0:39.6	I couldn't tell if he was trolling us or if he really lovingly just
0:43.4	endears ambient sound on the radio.
0:45.5	I'm gonna go in the water.
0:46.3	I don't know. It felt like a little above.
0:50.6	Anyway, hey there. It's the NPR Politics podcast.
0:53.2	I'm Tamer Keith. I cover the White House.
0:55.5	And I'm Asma Khalid. I also cover the White House.
0:58.1	And Chief Economics Correspondent Scott Horsley is here with us.
1:02.4	Good day, my friend.
1:04.3	It's great to be with you all.
1:06.4	Scott, you are here because despite all the other big things that we talk about on this podcast,
1:12.4	a third of Americans say that economic problems are the biggest issues facing the country right now.
1:18.3	Yeah, it's been a muddy week for the economy and we can all use a walking stick, I think.
1:24.4	Thank you, Scott.
	...

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