Hmmm... Will they end up overdoing it?
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Most likely, yes. So they’ve gotten themselves into this hole and unfortunately, they don’t know how to get out of this hole. There’s no ladder out of this hole. People have to realize there’s no ladder.
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‘This debate to some extent is over.’ Major economies are already in a global recession, Morgan Stanley strategist says
The world’s largest economies are either in a recession, or they seem to be getting awfully close to one.
About the Show
The problem with the news right now? It’s everywhere. And each day, it can feel like we’re all just mindlessly scrolling. It’s why we created What Next. This short daily show is here to help you make sense of things. When the news feels overwhelming, we’re here to help you answer: What next? Look for new episodes every weekday morning.
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Episode Notes
With inflation up and unemployment down, the Federal Reserve is raising interest rates and signaling that they’re willing to risk a lot to stall the rising price of everything. But is Jerome Powell doing too much—or is he already too late to avoid a painful recession?
Guest: Jordan Weissmann, senior editor at Slate reporting on economics, politics, and public policy.
If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work.
Podcast production by Mary Wilson, Elena Schwartz, Carmel Delshad, Madeline Ducharme, Anna Phillips and Jared Downing.
How Bad Is the Economy Going to Get?
Fed chairman Jerome Powell’s going after inflation aggressively—what’s it going to cost us?
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