Will Trump’s Tariffs Drive The Economy Into Recession? | Chuck Todd Politics Podcast
October 13, 2025
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45:25Now PlayingWill Trump’s Tariffs Drive The Economy Into Recession? | Chuck Todd Politics Podcast
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as posted by the channelMoody’s chief economist Mark Zandi joins Chuck Todd to assess an economy that looks strong on paper—but feels weak for most Americans. While the top third of earners are doing well, lower-income households are tightening their belts as consumer spending slows and job creation stagnates. Zandi warns of a 30–40% chance of a recession by 2026, citing the drag from federal job cuts, the drying up of COVID relief funds, and the destabilizing effects of rising tariffs and electricity costs.
They also dig into the booming—but risky—AI sector, where soaring valuations and limited job growth may be setting up the next market correction. Gold prices are surging, commercial real estate is slumping, and housing shortages are widening for middle-class renters. With Americans increasingly unable to move for better opportunities and faith in Washington deteriorating, Zandi and Todd explore whether the U.S. economy can remain the world’s “safe haven” — or if 2026 could be the year that confidence finally cracks.
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