The Economy Is Weird Right Now
The NPR Politics Podcast
NPR
4.5 • 24.9K Ratings
🗓️ 5 April 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
But there's also some worrying news: more job openings than people who want to fill them, global economic uncertainty stemming from Russia's invasion of Ukraine, and so much demand for consumer goods that the supply chain is struggling to keep up — forces that have all helped to drive inflation.
Can the Federal Reserve calibrate its response in a way that won't tip the country into a recession? And what view of the economy will voters have come the November midterm elections?
This episode: White House correspondent Tamara Keith, White House correspondent Asma Khalid, and chief economics correspondent Scott Horsley.
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Transcript
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| 0:00.0 | Hi, this is Yvette. I just put my heart, otherwise known as my daughter, on a plane bound for Japan, |
| 0:07.5 | where after one and a half years online, she'll finally get to study in person. |
| 0:13.6 | This podcast was recorded at 2.25 pm on Tuesday the 5th of April. |
| 0:20.1 | Things may have changed by the time you hear it, but I'll still be happy for her and sad for me. |
| 0:26.5 | Oh, okay, enjoy the show. |
| 0:32.8 | I mean, let's just go with happy for her, but I do understand, like, the parental |
| 0:38.4 | need to not let your child go too far away, like to a whole other country. |
| 0:43.9 | I know, I can't even imagine that. Mine has just turned one the little one. I feel so far away, so |
| 0:49.5 | I will relish the next 17 years while he lives under my domain. |
| 0:52.8 | I don't know if we'll relish it every day. Hey there, it's the NPR Politics podcast. I'm Tamer Keith. |
| 1:00.1 | I cover the White House. And I must much call it, I also cover the White House. |
| 1:03.8 | And we are joined by Chief Economics Correspondent Scott Horsley. Hey, Scott. |
| 1:08.6 | Great to be with you all. And Osama, this is pretty exciting. You are in Michigan |
| 1:14.0 | inside a car, just like old times, according to the podcast from the road. |
| 1:17.9 | It is exciting. I will say the weather in Michigan has been so up and down. It was snowing yesterday, |
| 1:24.9 | which is wild in April. And if you guys hear a bit of background noise, it's because it's |
| 1:28.8 | like bizarrely warm in the car right now. So I had to open the windows to join you all. |
| 1:32.9 | So, but for the record, you're not driving. I am not driving. I am sitting in the passenger seat |
| 1:39.0 | very safely with my laptop and my recorder next to me. So we are talking about the economy today, |
| 1:45.6 | which it's kind of weird. It's both hot and cold all at the same time. And we're going to try |
| 1:52.0 | to explain what's going on there. Scott, let's start with the jobs market. The report came out on |
| 1:58.1 | Friday. It said more Americans are getting hired. How could that not be a good thing? |
... |
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