The meteoric rise of the U.S. stock market over the past two years has come to an abrupt end.
A steep downturn recently has led to what’s known as a bear market. But what does that mean, and why might policymakers have to hurt the economy to help it in the long term?
Guest: Jim Tankersley, a White House correspondent for The New York Times, with a focus on economic policy.
Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter.
Background reading:
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Create your
podcast in
minutes
It is Free