Hubbard: Likely to See Recession

The transcript discusses the potential for a recession if the Federal Reserve continues its current path to achieve 2% inflation. It highlights the need to manage demand through interest rate hikes and the political challenges that may arise with a new Congress. The discussion also covers the fiscal constraints faced by the government and the importance of preparing for long-term economic growth through research and workforce development. Additionally, the role of immigration in supporting economic growth is emphasized, with a focus on both high-skill and low-skill labor.

How does the text characterize the current job market in relation to employment?

What does the text imply about the potential for a recession in 2023?

What role does immigration play in long-term economic growth according to the discussion?