Is the economy red, orange, yellow or green?

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• 00:02

  The U.S. Economy is a little paradoxical at the moment.

• 00:16

  Unemployment is relatively low, and yet people are saying it's a terrible time to find a job.

• 00:22

  The share market slumped in the first month of the war in Iran, and yet stocks are still way higher than a year ago.

• 00:30

  Americans are feeling glum about the economy, and yet labor productivity is up.

• 00:35

  It's times like this when it's helpful to get multiple perspectives.

• 00:40

  Two presidents of the Federal Reserve banking system.

• 00:43

  Regular listeners will know that there are 12 regional Fed banks around the country,

• 00:47

  and Austin Goolsbee leads the Chicago Fed.

• 00:50

  Austin comes from academia and says he does n't have a bias for higher or lower interest rates,

• 00:56

  that he 's neither a hawk nor a dove.

• 00:59

  I always said, I don't aspire to be a bird of any kind.

• 01:02

  I just wanted to be one of the data dogs.

• 01:05

  Beth Amick says she's also a data dog.

• 01:07

  She used to work on Wall Street and now is the president of the Cleveland Fed,

• 01:12

  which covers Ohio and parts of Kentucky, Pennsylvania and West Virginia.

• 01:16

  And Cleveland has a bit of a rivalry with Chicago that was apparent right as we were getting the mic set up.

• 01:23

  Does Austin need to fix his hair or is his hair OK?

• 01:26

  Austin is bald, if you didn't know.

• 01:28

  That was a kind of low blow.

• 01:30

  Now I'm going to have no mercy.

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