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Podcast: Money Life with Chuck Jaffe
Episode: Economist Gruenwald: Despite current headlines, 'We're not in a bad spot'
Description: Paul Gruenwald, chief economist for S&P Global Ratings, says that despite the gloom being caused by high inflation, war and more, "If you step back, we're not in a terrible place." He notes that if inflation can be controlled and the labor market stays at current levels of full employment, that should lead to a good outcome once tensions ease. Gruenwald says that a big market decline, recession or proverbial day of reckoning is not a foregone conclusion; if the economy can be guided to a path where inflation reduces to Federal Reserve targets -- and growth hits those t...