Checks and Balance: Price control

Despite a remarkably strong labour market, predictions of an imminent downturn are everywhere. The disagreement now is not over whether the Federal Reserve should fight inflation, but how painful the consequences of doing so will be. In trying to fix one problem, will the Federal Reserve create another? How much should Americans blame President Biden for the increasingly gloomy outlook? And what can the administration do to protect both the economy and its own electoral future?We ask Dr Cecilia Rouse, chair of the president’s Council of Economic Advisors, whether America is heading for recession and why the post-pandemic economic paradigm is different. We go back to the 1970s to find out why inflation is so politically toxic for the Democrats. And our US economics editor Simon Rabinovitch looks beyond the midterms to see whether President Biden has a way out.John Prideaux hosts with Charlotte Howard and Idrees KahloonYou can now find every episode of Checks and Balance in one place and sign up to our weekly newsletter. For full access to print, digital and audio editions, as well as exclusive live events, subscribe to The Economist at economist.com/uspod.  Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Checks and Balance unlocks American politics by taking a big theme each week and digging into the data, the ideas, and the history shaping the country.


Join John Prideaux, Charlotte Howard, Idrees Kahloon and Jon Fasman as they talk to politicians, pollsters, academics and people across the country about the great experiment of American democracy. Published every Friday.


If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription.


For more information about Economist Podcasts+, including how to get access, please visit our FAQs page here https://myaccount.economist.com/s/article/What-is-Economist-Podcasts.



Hosted on Acast. See acast.com/privacy for more information.