Soft Landing or Structural Risk? Joe Cortright on the Economy, the Fed & Oregon Megaprojects
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Economist Joe Cortright (City Observatory) joins Greg Frick to unpack the U.S. outlook. He discusses slowing growth vs. structural risk, plus policy uncertainty around Federal Reserve independence and 10-year yields. He also covers what it all means for multifamily investment. We dig into Oregon’s exposure to this risk, including trade, tech, and migration, as well as housing affordability. Furthermore, we examine the escalating costs and funding risks of ODOT’s Rose Quarter and Interstate Bridge Replacement megaprojects. Cortright argues for prioritizing maintenance and protecting research/education. He emphasizes keeping the U.S. open to immigration and trade, which are keys to long-run growth and the Pacific Northwest’s competitiveness.
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