David Wessel on the Unpredictability of the Current Economy

Episode 30,   May 21, 2020, 04:13 AM

Economics writer David Wessel attempts to derive a coherent narrative about America's financial future by calculating all the variables at play, including the influences of the stock market, the national deficit, and the Federal Reserve.

To many Americans, the economy is mystery. Normal market trends and fiscal policy aside, though, the coronavirus pandemic presents an unprecedented challenge for understanding how the country might weather the storm of soaring unemployment and a near total halt to business as usual. That's where David Wessel,  director of the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution, steps in, providing unique insight into what extremely low interest rates and climbing national debt mean for investors and individuals of all stripes. Plus, James presents an outline for how Joe Biden's campaign can springboard off of an existing network of talented creatives rather than build an entire movement from the ground up.