Nov 28, 2023

Are we there yet? How about now?

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The Chicago Fed chief on inflation-cooling measures and consumer sentiment. Plus, ChatGPT makes hiring extra-tricky.

Segments From this episode

"Has there ever been a bigger gap" between economic mood and actual numbers? Chicago Fed president asks

by Kai Ryssdal and Sarah Leeson

Nov 28, 2023

Chicago Fed's Austan Goolsbee on the consumer sentiment disconnect, and what happens if interest rates stay high for too long.

Austan Goolsbee, president of the Federal Reserve Bank of Chicago.

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Corporate profits have been trending down. That's what the Federal Reserve wants to see.

by Justin Ho

Nov 28, 2023

It means interest rate hikes are having the intended effect. Tapering consumer demand and high labor costs are weighing on earnings.

Corporate profits are feeling the effects of high interest rates and labor costs as well as weaker consumer demand.

Ludovic Marin/AFP via Getty Images

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What are corporate boards of directors supposed to do, exactly?

by Matt Levin

Nov 28, 2023

And what do medieval times have to do with it?

The average Fortune 500 company has a board of about 11 members, give or take.

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ChatGPT makes job applications a breeze — that's the challenge

by Meghan McCarty Carino

Nov 28, 2023

The AI chatbot makes it easy to send out multitudes of resumes. The tsunami makes it hard for employers to sort through candidates.

ChatGPT can help people apply to multitudes of jobs by tailoring resumes to meet the requirements of each role.

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Chemicals are a big business in the U.S., but here's why the sector is getting squeezed

by Sabri Ben-Achour

Nov 28, 2023

Lower demand for many products made from chemicals plus too much inventory results in rough times for chemical manufacturers.

Demand for products made with chemicals, from PPE to home improvement materials, was way up during the pandemic. Now that demand is falling, chemical manufacturers are adjusting inventory levels.

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Music from the episode

Air Pockets Mocky

Roma Fade Andrew Bird

Running Back To You The Juan Maclean

4/17/1975 Rob Viktum

reflection eternal Nujabes

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Jordan Mangi Assistant Digital Producer

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