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Why a recession is inevitable | Robert Shapiro

July 24
27 mins

Episode Description

Donald Trump's disastrous economic policies on trade, immigration and the federal budget - along with his threats to the Fed - are a perfect recipe for economic disaster.

Economist Rob Shapiro joins host Anne Kim to explain exactly why the US economy could be headed for a hard landing.

He talks about the impact of high deficits on domestic savings and interest rates, the role of foreign investors in the U.S. economy, the influence of tariffs and immigration policies on inflation, and why it's so crucial to keep the Fed independent.

Robert Shapiro is a Washington Monthly contributing writer, chairman of the economic consulting firm Sonecon, and a senior fellow at Georgetown University's McDonough School of Business. He has served as Undersecretary of Commerce for Economic Affairs under President Bill Clinton and as an advisor to the Obama administration.

#Economy #Recession #USPolitics #RobertShapiro

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