On Wednesday, the central bank’s Federal Open Market Committee will meet to set the interest rate with an expectation that it will hold steady at the 4.25% to 4.5% mark. Despite Trump publicly calling for cuts in the midst of economic upheaval, Jerome Powell, Chair of the Fed, remains committed to it’s independence.
Jen is joined by Justin Wolfers to discuss a possible recession, Trump’s $1 trillion budget proposal, and fears of inflation.
Justin Wolfers is a professor of public policy and economics at the University of Michigan and a Senior Fellow at the Brookings Institution and the Peterson Institute for International Economics. Justin is also a contributing columnist for the New York Times and the host of the popular podcast Think Like an Economist.
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