October 4, 2023· 58 min

Austan Goolsbee on the 'Golden Path' to a Soft Landing

Austan Goolsbee

Orality

Model

69%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(2,108 words)

M:29%

HostJoe Weisenthal(1,293 words)

M:29%

GuestAustan Goolsbee(5,484 words)

M:29%

Oral Indicators

Agonistic22%

literally, completely, crazy

Engagement71%

you, our, your

Memory Aids100%

listen, now, well

Repetition100%

like (89x), inflation (75x), what (69x)

Parallelism76%

And I'm Tracy Alloway...., So, you know, we're already I ..., But, nonetheless, this is a a ...

Sound Patterns79%

77 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases6%

you know what, i mean, the thing is

Literate Indicators

Hedging9%

could, may, quite

Passive Voice4%

are priced, is when, be achieved

Abstract Nouns14%

investment, recommendation, attention

Subordination7%

nonetheless, because, since

Sentence Length41%

Avg: 15.2 words/sentence

Word Complexity46%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style29%

691 personal pronouns found

Descriptive Style76%

literally, completely, really

Description

Can a soft landing be achieved? This is still a wide open question, given the highly uncertain macro environment. On the one hand, you have had a continued deceleration is most US inflation measures and the unemployment rate is below 4%. On the other hand, there are concerns over re-acceleration, more inflation, and a bond market where yields seem to be screaming higher day after day. On this episode of the Odd Lots podcast, we speak with Austan Goolsbee, the president of the Federal Reserve Bank of Chicago, who sees the possibility of, in his words, a "golden path" -- or the "mother of all soft landings." We discuss why and how it can be achieved, what the Fed can do to deliver a positive outcome, and what the market is telling us about the work that still needs to be done. See omnystudio.com/listener for privacy information.

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