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Barron's Streetwise

Will the Fed 'Break Something?' Plus, Airline Outlook

Barron's Streetwise

Barron's

Business

4.71.6K Ratings

🗓️ 14 October 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

Jack talks with a former Federal Reserve vice chair and a top Wall Street analyst. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Join the Wall Street Journal online October 12th for WSJ Pro Sustainable Business Forum

0:05.8

and take away practical advice on how to build a sustainability strategy that's right for your business.

0:11.5

From now until September 21st, you can save 25% on your ticket by registering at WSJ.com

0:18.8

slash Sustainable Business, no code required. That's WSJ.com slash Sustainable Business.

0:25.5

Where are the Fed's chances of navigating this just perfectly?

0:31.1

Well, I think they're way under 50%. I'm not sure if it's 35, 38, 40, not zero.

0:40.9

There are voices, as you know, that are saying, you know, it's game over at zero and there's no way

0:46.8

in hell that the Fed is going to have a soft landing under these circumstances. I'm not there at all.

0:53.9

Hello and welcome to the Baron Streetwise podcast. I'm Jack Howe.

0:59.0

And the voice you just heard is former Federal Reserve Vice Chair, Alan Blinder. He has a new

1:04.8

book out on the history of U.S. monetary policy and he says, the Fed's job today of bringing down

1:10.7

inflation without breaking the economy isn't nearly as impossible as many investors say.

1:17.0

We'll hear that case in a moment and say a few words on fear surrounding UK pension losses and

1:22.4

struggling credit suites. We'll also turn our attention from macro to micro and third quarter

1:28.3

earnings reports. Why one analyst says the much maligned airline industry might be better position

1:34.5

than it appears. Listening in is our audio producer meta. Hi, Mata. Hi, Jack.

1:45.1

What do you say? We start with a listener question. Do we have anyone?

1:48.7

We do. We've got Tim Curtin. He's a senior at Indycott College.

1:53.9

Indycott College, lovely coastal Massachusetts. Go, Goals.

2:01.1

That's not what Goals sound like. Mata, you know, Indycott College is right next door to Salem,

2:05.6

Massachusetts, which says that it's name is synonymous with Halloween and I've got to tell you

2:11.2

that really candies my corn. I'm not sure I know what that even means. You see, Salem,

...

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