Kai Ryssdal

Okay.

Why is the IEA worried about it?

So let's take that slowdown possibly around the world and in the United States and channel your inner Jay Powell or maybe Kevin Warsh if this thing goes on long enough.

And tell me what the Federal Reserve's – tell me about the rock and the hard place that the Federal Reserve will now find itself in.

Right.

That's a whole series of unknown unknowns.

Last thing, and I'm going to venture into the political side of this grand thing we call the political economy.

Were you as surprised as I was to hear Secretary Besson today, the Secretary of the Treasury, say, you know what, maybe the Fed should just wait and see what happens?

I love the implied question mark on the end of that sentence.

Catherine Pell, you can get her MS now.

You can get her on The Bulwark as well.

Catherine, thank you.

I was in Vietnam a couple of three weeks ago for our series, The Age of Work, how changing demographics are changing the way the global economy works.

I was there with Nila Richardson.

She is the chief economist at ADP, our partner on this series.

And you're going to hear a lot of stories from Vietnam over the next couple of days.

But I'm going to start with one that really shaped our understanding of the economy over there.

And what do you make here?

We make garment.

Henry Pham runs a garment factory about 11 miles from downtown Ho Chi Minh City.