Sudeep Reddy
speaker
239 appearances
6 recordings
2 series
first heard Mar 2026
last heard 11 Sep
Sudeep Reddy’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Sep 2026 with 1.
Appearances
fairly close to zero and not panic over that.
That's kind of a wild idea.
Now, the risk there is that when you're that close to zero, something can come and tip the scales, and that's the problem right now.
Obviously, when you have a war and oil prices going up as fast as they have been going up and eating away at consumer spending, that can certainly hit in the services economy, how people spend at restaurants, how people have disposable income to spend, and that can actually filter through
But that takes more than just a few weeks.
It takes months to actually derail the economy.
And so the demand and supply side of the labor market is still an open question and not something that Chair Powell is panicking over.
We are on the cusp of that.
Price of a gallon of gasoline up a dollar over the last few weeks.
The administration is taking a lot of steps to just calm the water, so to speak.
Iranian oil, Russian oil, things that you wouldn't have expected them to provide relief for in the near term.
It does provide enough support if this war only lasts a few more weeks.
But if you had last month said that the Strait of Hormuz would be closed for three weeks...
without oil getting out when there's ongoing bombing and a barrel of oil is still under $100, I think people would be surprised by that.
You'd think we'd be in a much, much bigger crisis.
And so things have actually not turned out as bad as they could be.
It's just if this goes on for more than a couple more weeks, there's going to be a big, big problem that will start hitting consumers, businesses, everybody, not just in the U.S., but around the world.
And that is going to be painful.
Thanks, Amy.
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