Today’s episode turned out to be serendipitous. Last Friday, I’d been planning to speak with Harvard economist Jason Furman, Obama’s top economic advisor, about the recent flood of economic data: the jobs report and revisions for the past year, inflation data, GDP growth, trade balances, consumer sentiment, and more.

There was one piece of data I did not expect we’d be getting in advance of our conversation: the Supreme Court’s decision on President Trump’s emergency tariffs. Friday morning, the Court struck them down in a 6-3 decision, concluding that the power to enact such broad tariffs lies with Congress.

So, on today’s episode, we begin with the latest tariff news and then widen the lens to the broader economy, including Furman’s suggestion that we may have achieved the first indisputable “soft landing” in postwar American history: bringing inflation under control without triggering a recession.

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