Center for Economic and Policy Research 58d ago

Season 2, Episode 1: In today's episode, Dean Baker discusses the economic shocks from starting a war with Iran with renowned macroeconomist Claudia Sahm, Chief Economist at New Century Advisors. On May Day 2026, workers are feeling the squeeze of $4+ gallons of gas and other ongoing financial stressors. Claudia breaks down what conflict in the Strait of Hormuz costs everyday Americans. This is the latest in a five-year streak of supply shocks: the pandemic, Ukraine, tariffs, and now this latest war. The workers keep absorbing the impacts from all of it. What role does the Fed have to play in mitigating these crises? Find out by tuning in. Follow: https://twitter.com/ceprdc https://twitter.com/Claudia_Sahm https://twitter.com/deanbaker13