Harriet Torry
speaker
611 appearances
11 recordings
1 series
first heard Sep 2017
last heard Dec 2024
Harriet Torry’s voice in public audio — every appearance, attributed to the second.
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And the Fed is trying to achieve what it calls a soft landing.
And that's where it manages to bring down inflation, but without causing recession.
And some people do think that this remains possible, that the Fed will be able to engineer a soft landing.
And if that happens, we might see a little bit of uptipping in the unemployment rate, but we wouldn't necessarily see a full balloon recession.
And that, of course, would be a great outcome for everybody if the Fed manages to achieve it.
WSJ Your Money Briefing · Consumers' Stimulus Dilemma: Spend, Save or Pay Down Debt? · 26 Jan 2021
podcast
And what every economist will tell you is that the economic outlook hinges completely on the health crisis.
If there's no resolution of the health crisis, then there is no economic recovery.
Hi, thanks.
Based on what we know, you know, from various studies and surveys and so on, it looks like, you know, of course, when these payments came through the first round of stimulus payments in March, some people needed the money really urgently.
You know, there was very high unemployment and people needed the money right away.
It's spent on food and rent and bills and things like that.
But but actually, it turns out that really.
more than a third of the fiscal stimulus checks did get saved by consumers.
And then about that same amount, again, was used to pay down debt.
So it was sort of under 30% that was spent right away.
And the rest of it, you know, people held on to it.
Of course, people held on to it because there was a lot of anxiety, a lot of concern and uncertainty about the future.
And, you know, when people are worried about losing their jobs, it's, you know, they've been building up their financial buffer in a big way.
But what we're beginning to see is that people are now saying they, you know, some consumers have received their second stimulus checks.
And then, of course, many, many people who have received these checks are actually still working.
Showing 241–260 of 611 · page 13 of 31
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