Protect jobs or how much you can buy for a dollar? It's up to the Federal Reserve, the nation's central bank, to strike a balance. Larry Summers, who worked in the Clinton and Obama administrations, says a recession is likely as the Fed tries to figure it out. Jared Bernstein, a top White House economist, touts the steps the White House has taken to boost the economy — but acknowledged that the administration has limited influence, even if it will bear the political responsibility.This episode: White House correspondent Asma Khalid and chief economics correspondent Scott Horsley.Learn more about upcoming live shows of The NPR Politics Podcast at nprpresents.org.Support the show and unlock sponsor-free listening with a subscription to The NPR Politics Podcast Plus. Learn more at plus.npr.org/politics Connect:Email the show at [email protected] the NPR Politics Podcast Facebook Group.Subscribe to the NPR Politics Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

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“What did the council decide on item 42?” — answered with the speaker and the moment.