Harvard professor Carmen Reinhart, former chief economist at The World Bank, discusses the health of and threats to the U.S. economy, President Trump’s tariff policy, the fall of globalization, the Federal Reserve’s monetary policy, U.S. immigration policy and why people should care about national debt in this latest episode of CNBC’s “The Bottom Line.” Chapters: 0:00 Introduction 0:17 Economic threats 1:10 Investment strategy 2:30 Recession indicators 4:12 Interest rates 5:35 Immigration vs. economic growth 6:30 Government deficit 7:52 Globalization 10:04 Global debt Produced by: Lindsey Jacobson Edited by: Andrea Miller Camera by: Kaan Oguz Intern: Kae Park Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to stand out, grow your network, and get more job opportunities? Sign up for Smarter by CNBC Make It's new online course, How to Build a Standout Personal Brand: Online, In Person, and At Work. Sign up today with coupon code EARLYBIRD for an introductory discount of 30% off the regular course price of $67 (plus tax). Offer valid through September 2, 2025: https://cnb.cx/4nUBgbA Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Policy Uncertainty Is Biggest Threat To The U.S. Economic Growth Right Now: Carmen Reinhart
CNBC Empires is a series of mini documentaries profiling some of America's biggest public companies. Each video dives into the company's past, current and future financial outlook by interviewing key experts including C-Suite executives, stock analysts and industry experts.