This podcast episode of "The Beige Awards" focuses on economic uncertainty as highlighted in the Federal Reserve's Beige Book. The hosts discuss the record number of times "uncertainty" appeared (45 times) and the impact of tariffs (mentioned 49 times) on businesses, particularly in construction and agriculture. The St. Louis Fed's entry wins an award for highlighting the challenges faced by farmers dealing with low commodity prices, high input costs, and policy uncertainty, exemplified by the struggles of a fourth-generation farmer in Mississippi who is adapting his crops due to tariff-related fertilizer price increases. The episode uses a light-hearted tone despite the serious economic issues discussed.
