When a president swayed the decisions of the Federal Reserve

Segments From This Episode

• Hiring was weaker than expected in August

  by David Brancaccio

  Payrolls grew by 142,000 people in August. July job numbers also got revised downward. Meanwhile, the unemployment rate went down slightly in August. Let’s discuss with Julia Coronado of MacroPolicy Perspectives.

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• That time the Fed bowed to political pressure before an election

  by David Brancaccio and Alex Schroeder

  

  It was the lead-up to the 1972 presidential election. An era of “stagflation” was ahead. And President Richard Nixon had a plan.

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