DeepSummary
The podcast episode begins with an interview with economist Julia Coronado discussing the latest economic predictions from the National Association for Business Economics. Coronado notes that fewer economists now expect a recession within the next year compared to last year, indicating a more optimistic outlook. However, some economists believe the Federal Reserve is keeping interest rates too high.
The episode then shifts to a report from Ireland, where the government has been struggling to accommodate a large influx of migrants, including refugees from the war in Ukraine. Despite Ireland's reputation for hospitality, there have been protests and even arson attacks against proposed housing for refugees. The government is trying to balance its obligations to house refugees with the pressure on local services and resources.
Interspersed throughout the episode are promotional segments for another podcast called "This is Uncomfortable," featuring interviews with people living in conflict zones like Gaza.
Key Episodes Takeaways
- Business economists have become more optimistic about avoiding a recession in the near future compared to their predictions last year.
- Some economists believe the Federal Reserve's interest rate policy is too tight and keeping rates too high.
- Ireland is struggling to accommodate a large influx of migrants and refugees, leading to protests and attacks against proposed housing.
- The Irish government is trying to balance its obligations to house refugees with the pressure on local services and resources.
- The episode includes promotional segments for another podcast called "This is Uncomfortable" featuring interviews with people living in conflict zones.
Top Episodes Quotes
- “Yes. One in five think that the Fed is keeping interest rates too high. Now, monetary policy is too tight. But that may change if we get the right inflation readings this week.“ by Julia Coronado
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Episode Information
Marketplace Morning Report
Marketplace
2/12/24
Recession? What recession? Many economists predicted an economic downturn last year and were wrong. More are optimistic about the economy for the year ahead, but some now think that the Fed is keeping interest rates too high. We’ll discuss. Also on the show: We’ll examine how Ireland’s government and citizens are addressing booming migration.