May 6, 2026
Claudia Macaluso explains how economists identify the points of expansion and contraction in the national economy and how the current business cycle differs from past cycles. Macaluso is a senior research economist at the Federal Reserve Bank of Richmond.
Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_05_06_business_cycles