Robert Rubin bearish on today's economy

Video with Greg Robb and Robert E. Rubin

In a comprehensive conversation celebrating MarketWatch's 25th anniversary, former Treasury Secretary Robert Rubin shares his insights on the current state of the American economy and democracy. Drawing from his extensive experience in both the public and private sectors, Rubin reflects on the enduring relationships formed during the Clinton administration with figures like Larry Summers and Tim Geithner, who continue to shape economic policy today. The discussion touched on the critical importance of cross-party collaboration and the challenges facing America's political system.

Throughout the interview, Rubin offers his perspective on pressing economic issues, including inflation, fiscal policy, and U.S.-China relations. He emphasizes the Federal Reserve's crucial role in managing inflation expectations and expresses concern about the likelihood of achieving a soft landing for the economy. The conversation concludes with Rubin discussing his new book, "The Yellow Pad," which outlines his probabilistic approach to decision-making – a methodology he developed throughout his career in both public service and the private sector.