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Jun 29, 2023

Soft landing? Hard landing? No landing? What's next for the economy? : Planet Money : NPR

By Keith Romer , Sarah Gonzalez , Jeff Guo , Jess Jiang , Sam Yellowhorse Kesler Predicting the future of the economy is always a dicey proposition. That is especially true after more than three years

By

Keith Romer

,

Sarah Gonzalez

,

Jeff Guo

,

Jess Jiang

,

Sam Yellowhorse Kesler

Predicting the future of the economy is always a dicey proposition. That is especially true after more than three years of pandemic-related economic weirdness. No one quite knows what will happen next.

Will the Fed be able to pull off a soft landing and bring down inflation without causing either a recession or a big jump in unemployment? Or will we end up with a hard landing, in which inflation comes down, but at the price of the country's economic health? Or, a third possibility, will the Fed not successfully bring inflation down at all?

On today's show, three economic experts explain what they look for when trying to make predictions about what might come next for the U.S. economy. And how those indicators lead them to very different conclusions. We will also consult a tarot card reader...to see if her reading of the future can help us know which outcome is the most likely.

This episode was hosted by Keith Romer, Sarah Gonzalez, and Jeff Guo. It was produced by Sam Yellowhorse Kesler and edited by Jess Jiang. It was engineered by Kwesi Lee with help from Maggie Luthar and fact-checked by Sierra Juarez. Alex Goldmark is our Executive Producer.

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Music: Universal Production Music - "Hammond Soul," "Sorry I Kept You," "Don't Cross the Line," "Swinging Along," & "Sniffin' Glue"