© 2026 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

How the economy upended expectations of a recession in 2023

Season 2023 Episode 374 | 5m 56s

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.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
Extras
Pope Leo warns AI should be 'disarmed' in manifesto on potential dangers
U.S. and Iran suggest progress on peace talks, but deal ‘not imminent’
Mina Kimes on the 'big game feel' of the Scripps National Spelling Bee
Tamara Keith and Amy Walter on Democrats concerned about direction of DNC leadership
Some MAHA backers grow frustrated with Trump's health policies
May 25, 2026 - PBS News Hour full episode
Ohio volunteers locate and honor graves of Revolutionary War veterans
News Wrap: Southern California chemical tank no longer a threat to explode
May 22, 2026 - PBS News Hour full episode
Carbon credit program pays small landowners to keep forests standing