It was a year in which many experts got a lot of things wrong about the economy. Many economists believed the Fed’s battle to tame inflation with interest rate hikes would trigger high unemployment and a recession. Instead, inflation was cut in half, the economy added more than 2.5 million jobs and the S&P 500 rose to near record highs. Geoff Bennett discussed more with Roben Farzad.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
TikTok: https://www.tiktok.com/@pbsnews
Twitter: https://www.twitter.com/newshour
Instagram: https://www.instagram.com/newshour
Facebook: https://www.pbs.org/newshour
Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe