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Former Federal Reserve Chair Alan Greenspan died today. He was 100. Greenspan served under four presidents in his five terms as central bank chair. This morning, we're joined by Julia Coronado — she's the founder and president of MacroPolicy Perspectives and once worked alongside Greenspan — to discuss his economic legacy, his role in boosting Fed transparency, and his particular way of communicating. Then, from the latest season of Marketplace's "How We Survive," we dive into the ocean's vast potential to store carbon.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:From “How We Survive”: A Carbon Burial at Sea
Former Federal Reserve Chair Alan Greenspan died today. He was 100. Greenspan served under four presidents in his five terms as central bank chair. This morning, we're joined by Julia Coronado — she's the founder and president of MacroPolicy Perspectives and once worked alongside Greenspan — to discuss his economic legacy, his role in boosting Fed transparency, and his particular way of communicating. Then, from the latest season of Marketplace's "How We Survive," we dive into the ocean's vast potential to store carbon.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this episode:From “How We Survive”: A Carbon Burial at Sea
On this momentous day at the Federal Reserve, with Jay Powell handing over the chair to Kevin Warsh, the Inside Economics team, along with guest Julia Coronado, Founder of Macropolicy Perspectives, and colleague Martin Wurm, consider all things related to the venerable institution. There's, of course, the issue of Fed independence, and beyond that, what changes the new Fed chair may champion. And soaring stock prices and bond yields, and what they mean for the economy, couldn't help but be topics of conversation. Guest: Julia Coronado, President and Founder of Macropolicy Perspectives Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's Analytics Follow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at InsideEconomics@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Markets were hopeful on Friday after Iran announced that the Strait of Hormuz would be reopened to commercial vessels. Now, escalating tensions are bringing expectations back down. Marketplace's Nova Safo spoke with Julia Coronado, founder and president of MacroPolicy Perspectives and a professor at the University of Texas at Austin, about how global economists at the National Association for Business Economics International Symposium in Rome, Italy, are grappling with the back and forth. Plus, later in the program: underemployment among recent college graduates and how we measure it.
Markets were hopeful on Friday after Iran announced that the Strait of Hormuz would be reopened to commercial vessels. Now, escalating tensions are bringing expectations back down. Marketplace's Nova Safo spoke with Julia Coronado, founder and president of MacroPolicy Perspectives and a professor at the University of Texas at Austin, about how global economists at the National Association for Business Economics International Symposium in Rome, Italy, are grappling with the back and forth. Plus, later in the program: underemployment among recent college graduates and how we measure it.
Oil prices are jumping around this morning, but you can bet they're up — around 6-7%. Gold, a safehaven for investors, is up about 2%. "We're in a world where markets and investors are increasingly uncertain about where their money is safe," said Julia Coronado of MarcoPolicy Perspectives in a discussion of today's market movements. Also: why we pay such close attention to the monthly jobs report and how sites like Moltbook can disrupt the AI industry.
Oil prices are jumping around this morning, but you can bet they're up — around 6-7%. Gold, a safehaven for investors, is up about 2%. "We're in a world where markets and investors are increasingly uncertain about where their money is safe," said Julia Coronado of MarcoPolicy Perspectives in a discussion of today's market movements. Also: why we pay such close attention to the monthly jobs report and how sites like Moltbook can disrupt the AI industry.
President Trump's growing frustration with the Federal Reserve's commitment to political independence reached fever pitch over the weekend when Fed Chair Jerome Powell annouced the DOJ has opened a criminal investigation into the Fed. Powell called the probe “unprecedented” and said the Fed uses data, not politics, to make interest rate decisions. In this episode, we get context on the situation from economist Julia Coronado — including how the investigation could have an impact on financial markets.
President Trump's growing frustration with the Federal Reserve's commitment to political independence reached fever pitch over the weekend when Fed Chair Jerome Powell annouced the DOJ has opened a criminal investigation into the Fed. Powell called the probe “unprecedented” and said the Fed uses data, not politics, to make interest rate decisions. In this episode, we get context on the situation from economist Julia Coronado — including how the investigation could have an impact on financial markets.
Oil markets and financial markets seem to be shrugging off the major geopolitical story out of the weekend: the U.S. arrest of Venezuelan President Nicolás Maduro. "Investors are looking at the situation and not seeing a dramatic change in the state of affairs that could alter global markets in a major way," said Julia Coronado, founder of MacroPolicy Perspectives. "What makes most sense ... is to wait and see what unfolds," said Ben Kumar, head of equity strategy at investment management business 7IM. On today's show, we unpack it all.
Oil markets and financial markets seem to be shrugging off the major geopolitical story out of the weekend: the U.S. arrest of Venezuelan President Nicolás Maduro. "Investors are looking at the situation and not seeing a dramatic change in the state of affairs that could alter global markets in a major way," said Julia Coronado, founder of MacroPolicy Perspectives. "What makes most sense ... is to wait and see what unfolds," said Ben Kumar, head of equity strategy at investment management business 7IM. On today's show, we unpack it all.
Julia Coronado, president and founder at MacroPolicy Perspectives, highlights how gradual labor loosening shifts Fed strategy toward neutrality. Coronado spoke with Bloomberg's Tom Keene and Paul Sweeney.See omnystudio.com/listener for privacy information.
Over the weekend, the White House threatened more layoffs if negotiations between Democrats and Republicans continue to go nowhere. Meanwhile, 100,000 earlier federal layoffs and buyouts finally took effect last week. But stocks hit a record on Friday. What gives? We'll discuss with Julia Coronado, founder and president of MacroPolicy Perspectives. Plus, a lack of trust in artificial intelligence is hampering its adoption among small and mid-sized businesses.
Over the weekend, the White House threatened more layoffs if negotiations between Democrats and Republicans continue to go nowhere. Meanwhile, 100,000 earlier federal layoffs and buyouts finally took effect last week. But stocks hit a record on Friday. What gives? We'll discuss with Julia Coronado, founder and president of MacroPolicy Perspectives. Plus, a lack of trust in artificial intelligence is hampering its adoption among small and mid-sized businesses.
President Trump and congressional leaders are meeting at the White House on Monday to try and avoid a government shutdown. But both sides are digging their heels in. This brinksmanship is happening the same week we are set to get some pretty important government data. Julia Coronado, founder and president of MacroPolicy Perspectives, and a professor at the University of Texas-Austin, joins us to talk about it. Plus, has Canada lost its trade dispute with the U.S.?
President Trump and congressional leaders are meeting at the White House on Monday to try and avoid a government shutdown. But both sides are digging their heels in. This brinksmanship is happening the same week we are set to get some pretty important government data. Julia Coronado, founder and president of MacroPolicy Perspectives, and a professor at the University of Texas-Austin, joins us to talk about it. Plus, has Canada lost its trade dispute with the U.S.?
The Bureau of Labor Statistics says the U.S. job market is much weaker than initially reported. More than 900,000 fewer jobs were added in 2024 and 2025 than previously reported. The BLS issues revisions every year, but this change is the biggest on record and comes after President Trump fired the BLS commissioner after a weak monthly jobs report. Geoff Bennett discussed more with Julia Coronado. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
People are increasingly turning to artificial intelligence for therapy — raising concerns among mental health professionals. Illinois legislators have responded by banning therapists from using AI, other than for administrative tasks. Today, we'll explore the benefits and pitfalls of generative AI tech that's used for mental health support. But first, we'll read some market tea leaves with Julia Coronado of MacroPolicy Perspectives.
People are increasingly turning to artificial intelligence for therapy — raising concerns among mental health professionals. Illinois legislators have responded by banning therapists from using AI, other than for administrative tasks. Today, we'll explore the benefits and pitfalls of generative AI tech that's used for mental health support. But first, we'll read some market tea leaves with Julia Coronado of MacroPolicy Perspectives.
The U.S. and India, until about a week ago when steep tariffs went into effect, had been on track to forge strong ties in trade, defense, and other areas. One thing that seems to have been lost in the tariff drama was the budding “bromance” between President Trump and Indian Prime Minister Narendra Modi. Also: a look at how the so-called “meme stock” effect has affected companies that have been boosted, and we talk with economist Julia Coronado about the possibility of a Fed rate cut in upcoming cycles.
The U.S. and India, until about a week ago when steep tariffs went into effect, had been on track to forge strong ties in trade, defense, and other areas. One thing that seems to have been lost in the tariff drama was the budding “bromance” between President Trump and Indian Prime Minister Narendra Modi. Also: a look at how the so-called “meme stock” effect has affected companies that have been boosted, and we talk with economist Julia Coronado about the possibility of a Fed rate cut in upcoming cycles.
President Trump fired the top Bureau of Labor Statistics official on Friday, after the agency issued a weak jobs report. The report also revised earlier estimates of job creation in May and June down by 258,000. The president claimed the numbers were being manipulated. Julia Coronado, founder and president of Macropolicy Perspectives and a professor at UT Austin, joins us to discuss. Also on the show: how Trump's tariffs could sink Lesotho's textile industry.
President Trump fired the top Bureau of Labor Statistics official on Friday, after the agency issued a weak jobs report. The report also revised earlier estimates of job creation in May and June down by 258,000. The president claimed the numbers were being manipulated. Julia Coronado, founder and president of Macropolicy Perspectives and a professor at UT Austin, joins us to discuss. Also on the show: how Trump's tariffs could sink Lesotho's textile industry.
President Trump continued to dial up the pressure on Jerome Powell during a visit to the Fed. The president's public remarks and personal insults about Powell are a major departure from past presidents, and his approach has sparked questions about whether the Fed's independence could be undermined in the months ahead. Geoff Bennett discussed more with Julia Coronado of Macro Policy Perspectives. PBS News is supported by - https://www.pbs.org/newshour/about/funders
President Trump continued to dial up the pressure on Jerome Powell during a visit to the Fed. The president's public remarks and personal insults about Powell are a major departure from past presidents, and his approach has sparked questions about whether the Fed's independence could be undermined in the months ahead. Geoff Bennett discussed more with Julia Coronado of Macro Policy Perspectives. PBS News is supported by - https://www.pbs.org/newshour/about/funders
The U.S. labor market beat expectations last month, adding 177,000 jobs as the unemployment rate held steady at 4.2 percent. But the April jobs number was lower than the March tally and some economists are concerned that cracks in the economy are beginning to show as the effects of President Trump’s tariffs become clearer. Amna Nawaz discussed more with Julia Coronado of MacroPolicy Perspectives. PBS News is supported by - https://www.pbs.org/newshour/about/funders
It's corporate earnings season once again, but market watchers may be looking for different indicators this time around as companies adjust to current and expected U.S. tariffs. We check in with economist Julia Coronado on what hints we may get about how firms are thinking about today's economy. Plus, a look at how decades of changes to the U.S. social safety net have affected the economic well-being of older Americans.
It's corporate earnings season once again, but market watchers may be looking for different indicators this time around as companies adjust to current and expected U.S. tariffs. We check in with economist Julia Coronado on what hints we may get about how firms are thinking about today's economy. Plus, a look at how decades of changes to the U.S. social safety net have affected the economic well-being of older Americans.
The S&P 500 index briefly went into correction territory last week. Investors are concerned about the Trump administration's economic policies, but Treasury Secretary Scott Bessent argues that corrections are “healthy.” But is this a healthy correction-to-be? We’ll hear more from Julia Coronado, president and founder of MacroPolicy Perspectives. Also on the program: why investors are turning to gold and how Nissan’s self-driving technology is navigating Britain’s twisty, medieval roads.
The S&P 500 index briefly went into correction territory last week. Investors are concerned about the Trump administration's economic policies, but Treasury Secretary Scott Bessent argues that corrections are “healthy.” But is this a healthy correction-to-be? We’ll hear more from Julia Coronado, president and founder of MacroPolicy Perspectives. Also on the program: why investors are turning to gold and how Nissan’s self-driving technology is navigating Britain’s twisty, medieval roads.
The U.S. labor market made solid gains again last month, adding 151,000 more jobs, just before the biggest federal layoffs began to hit. But there are other warning signs of what could be ahead, not yet fully captured in this report. Julia Coronado, an economist at the University of Texas-Austin, joins Geoff Bennett to discuss. PBS News is supported by - https://www.pbs.org/newshour/about/funders
Markets are moving — especially the U.S. dollar, which is down 1% to the euro this morning — with financial players focused on a published report suggesting that the Donald Trump administration will apply tariffs to every country, but not everything. On the program, we’ll discuss with economist Julia Coronado, founder of MacroPolicy Perspectives. Plus, President Joe Biden has signed a measure to increase Social Security benefits for nearly 3 million people.
Markets are moving — especially the U.S. dollar, which is down 1% to the euro this morning — with financial players focused on a published report suggesting that the Donald Trump administration will apply tariffs to every country, but not everything. On the program, we’ll discuss with economist Julia Coronado, founder of MacroPolicy Perspectives. Plus, President Joe Biden has signed a measure to increase Social Security benefits for nearly 3 million people.
On today’s show, economist Julia Coronado, president of MacroPolicy Perspectives, explains which metrics she’s using to guide her thinking about the election: individual campaign contributions. Right now, it’s favoring Democrats. We’ll hear more. Plus, we’ll draw a line between the election and this morning’s bond market. And later: a tax jackpot for savers ages 60 to 63 and an estimate of the costs for damages caused by flooding in Spain.
On today’s show, economist Julia Coronado, president of MacroPolicy Perspectives, explains which metrics she’s using to guide her thinking about the election: individual campaign contributions. Right now, it’s favoring Democrats. We’ll hear more. Plus, we’ll draw a line between the election and this morning’s bond market. And later: a tax jackpot for savers ages 60 to 63 and an estimate of the costs for damages caused by flooding in Spain.
With election day just about a week away, the economy and its overall health are on the ballot in all but name. We check in with Julia Coronado, founder of MacroPolicy Perspectives, about how the labor market is looking amid shocks like hurricanes that have wracked the South. Plus, a glimpse at why childcare costs are so high across the country. And, the BBC’s Lisa Louis reports on a massive project that promises to link the Baltic countries of Lithuania, Latvia, and Estonia by rail.
With election day just about a week away, the economy and its overall health are on the ballot in all but name. We check in with Julia Coronado, founder of MacroPolicy Perspectives, about how the labor market is looking amid shocks like hurricanes that have wracked the South. Plus, a glimpse at why childcare costs are so high across the country. And, the BBC’s Lisa Louis reports on a massive project that promises to link the Baltic countries of Lithuania, Latvia, and Estonia by rail.
Julia Coronado, founder at MacroPolicy Perspectives, and Constance Hunter, Senior Advisor at MacroPolicy Perspectives talk inflation, the Fed's desire to lower interest rates, and outlook for the year with Bloomberg's Tom Keene and Paul SweeneySee omnystudio.com/listener for privacy information.
Julia Coronado, keen-eyed observer of the economic landscape, shares wide-ranging insights on the economy, monetary policy, commercial real estate and more.“The macro economy is a lot more resilient to the headlines than what you read every day."-Julia Coronado President and Founder, Macro Policy Perspectives & University of Texas Finance ProfessorInsights from the episode: 1. Inflation should continue to cool in most countries around the world.2. The neutral interest rate is expected to be higher than the last cycle due to a healthier household balance sheets, supportive fiscal policy and improved productivity.3. Challenged multifamily developers should see some relief in the next few years, as interest rates drop, demand for housing increases and financing conditions improve.GUEST BIO:Julia CoronadoPresident and Founder, Macro Policy PerspectivesJulia Coronado founded MPP because she believes independent research can provide the most objective and relevant analysis to inform decision making in an uncertain world. Julia is a Clinical Associate Professor of Finance at the McCombs School of Business at the University of Texas at Austin. She has more than a decade of experience as a financial market economist including serving as Chief Economist for Graham Capital Management and BNP Paribas, and as a Senior Economist at Barclays Capital. After receiving her Ph.D. in Economics from the University of Texas at Austin, Julia worked for the Federal Reserve Board of Governors in Washington D.C. for eight years where she regularly briefed the Board and contributed to the FOMC forecasts. She is a regular commentator in financial media, including CNBC, Bloomberg, Marketplace, and the Wall Street Journal.
Julia Coronado is the president and founder of MacroPolicy Perspectives, a Wall Street research firm. Julia was also recently the president of the National Association of Business Economists, and she has served as an economist on Wall Street and at the Federal Reserve Board of Governors. Julia is also a returning guest to Macro Musings, and she rejoins the podcast to talk about the prospects of a productivity surge, the Fed's journey to a soft landing, the state of the commercial real estate market, and more. Transcript for this week's episode. Julia's Twitter: @jc_econ Julia's MacroPolicy Perspectives profile David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Join the Macro Musings mailing list! Check out our Macro Musings merch!
The Federal Reserve opted to leave interest rates unchanged, but Fed Chairman Jerome Powell suggested there may be as many as three rate cuts next year. Powell said rate hikes appear to be over for now and the economy is well positioned for a so-called "soft landing." Stephanie Sy discussed more with economist Julia Coronado of MacroPolicy Perspectives. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
The Federal Reserve has hiked rates in rapid fashion, yet the evidence of their impact is scarce. Inflation is still hot (though it has come down quite a bit.) The unemployment rate remains very low. And economic growth appears to be robust. So does this mean that higher rates aren't significant? Or could it be that their impact has simply yet to be felt, and that it's still coming. On this episode, our guest argues the latter case that due to lags, we really haven't felt the pain from rate hikes yet. Julia Coronado, is the founder, CEO and president of Macro Policy Perspectives, as well as a Clinical Associate Professor of Finance at the University of Texas McCombs School of Business. She argues that we really haven't felt the credit effects yet from higher rates, but that they're on the way. In particular, we discuss the delayed impact on commercial real estate and other areas of the economy where debt may have been termed out, but will eventually need refinancing.See omnystudio.com/listener for privacy information.
While a recession isn’t completely out of the question, the odds are certainly shrinking. We’ll do the economic forecast with Julia Coronado, president and founder of MacroPolicy Perspectives. Plus, a visit to London where remote work is changing the landscape of a district that used to be bustling with bankers.
While a recession isn’t completely out of the question, the odds are certainly shrinking. We’ll do the economic forecast with Julia Coronado, president and founder of MacroPolicy Perspectives. Plus, a visit to London where remote work is changing the landscape of a district that used to be bustling with bankers.
Julia Coronado, president and founder of MacroPolicy Perspectives, says relief and uncertainty were in the air at last week’s Jackson Hole Economic Symposium. While signs point to positive progress when it comes to inflation and resilience, economists are still cautious. Plus, an oversupply of salmon in Alaskan fisheries has been bad for business.
Julia Coronado, president and founder of MacroPolicy Perspectives, says relief and uncertainty were in the air at last week’s Jackson Hole Economic Symposium. While signs point to positive progress when it comes to inflation and resilience, economists are still cautious. Plus, an oversupply of salmon in Alaskan fisheries has been bad for business.
There are two big events that economists will be tracking closely this week: the release of Consumer Price Index inflation data and the Fed’s rate decision shortly thereafter. We delve into the details with Julia Coronado, founder and president of MacroPolicy Perspectives. Plus, moderators across the social media platform Reddit will shut down select forums to protest the company’s move to charge developers using the website’s code. And finally, we talk with The Uncertain Hour host Krissy Clark about the new welfare work requirements passed in the debt ceiling deal.
New York City’s new law against formalized body discrimination, signed into law last month, makes it the biggest city so far to pass such protections. We look into what’s behind the move to prohibit the practice amongst employers and what it means for employees. Plus, Saudi Arabia’s announcement that it will cut oil production may have moved markets this morning, but economist Julia Coronado says this year has been a story of surprisingly low energy prices.
China’s nascent civilian plane-making industry notched a recent win when the Comac C919, the country’s first domestically-produced passenger jet, carried a cabin full of passengers for the first time. We look at what that could mean for the established aviation duopoly of Boeing and Airbus. Plus, this week should be no short of economic news, according to Julia Coronado, president of MacroPolicy Perspectives. And, a look at how initiatives to address homelessness are being slowed by a lack of government funding.
European regulators announced today that Meta, Facebook’s parent company, would have to pay a $1.3 billion fine for violating EU rules around internet users’ data privacy. We delve into what went into the decision, as well as what it means for the company going forward. Plus, we check in with Julia Coronado, president of the National Association for Business Economics, about what the group’s latest survey of economists says about the likelihood of a recession on the horizon. And, there’s a move toward “green steel” that’s seeking to de-carbonize the heavily-polluting steelmaking industry.