Why the world can’t easily quit the U.S. economy

KERA's Think

KERA

Society & Culture, 071003, Kera, Think, Krysboyd

4.8 • 861 Ratings

🗓️ 22 September 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation in the U.S. has been rising since the spring, and the job market is softening. Will these trends extend beyond our borders? Mohamed A. El-Erian is president of Queens’ College, University of Cambridge and Renee Kerns Professor of Practice at the Wharton School of the University of Pennsylvania. He joins host Krys Boyd to discuss how American economic trends spread globally, why even a devalued dollar is still the currency preferred internationally and if Federal Reserve President Jerome Powell should resign. His article “Is America Breaking the Global Economy?” was published by Foreign Affairs.

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Transcript

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0:00.0	Hey, Ira Flato here from Science Friday. Each episode we give you surprising facts.
0:07.5	There's a whole phenomenon of moths visiting eyes of mammals. Expert insights. It doesn't
0:13.5	take a lot of brain to run a lion, actually. And we tackle the big questions. How is this going to
0:20.3	affect the future?
0:21.8	From space to climate to tech to medicine,
0:24.7	get a new view on the world around you.
0:26.8	That's Science Friday, wherever you get your podcasts.
0:31.8	A Better Help ad.
0:33.8	Lewis Capaldi partnered with BetterHelp
0:35.8	to get word out about how important therapy can be.
0:38.3	I struggle most weeks to get up, get myself up and ready and go to therapy or whatever.
0:44.3	Even like to open the laptop to talk to, my therapist sometimes can be really difficult,
0:48.3	but I do it because I realise how important it is for me to continue to feel good.
0:53.3	Because I felt the best I've felt in a long time through therapy.
0:57.1	Learn more about online therapy at betterhelp.com.
1:09.3	For decades, the US economy has been the gravitational force around which the rest of the world competed to revolve.
1:16.6	If our prosperity was our greatest draw, our predictability mattered nearly as much.
1:21.6	But in dealing with longtime allies and adversaries alike, President Trump likes to keep people guessing. And in the second
1:29.2	term, he's made policy volatility, the policy. From KERA in Dallas, this is Think. I'm Chris Boyd.
1:37.0	On again, off again tariffs declared by executive order, with exemptions carved out for reasons that are
1:42.7	sometimes clearer to the president himself
1:44.7	than overseas economic ministers, plus a dollar whose value is falling relative to other currencies,
	...

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