Is the Federal Reserve Making a Huge Mistake?

Is the Federal Reserve Making a Huge Mistake?

Last week the Federal Reserve raised interest rates by 0.75 percentage points, continuing one of the fastest escalations of the benchmark rate in history. Jerome H. Powell, the Fed chair, warned that more pain was to come as the central bank fixes its eye on Sauron on our core inflation. But the theme of this episode is that U.S. interest rate policy does not stop at the U.S. border. Our monetary policy is a lever that moves the world. Soon after the Fed’s announcement last week, the British pound crashed, oil prices fell, currencies (crypto- and otherwise) fell, and the possibility of a global downturn came ever slightly into greater focus. Today’s guest is Jason Furman, the Harvard economist and former top economic adviser to President Barack Obama. We talk about the state of the U.S. economy, why the Fed is doing what it’s doing, the best arguments against rising interest rates, the global fallout of U.S. monetary policy, and the possibility that the world economy is headed for a dark, dark winter. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. You can find us on TikTok at www.tiktok.com/@plainenglish_ Host: Derek Thompson Guest: Jason Furman Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jaksot(348)

How Ukraine Wins

How Ukraine Wins

Derek talks to The Atlantic’s Anne Applebaum about Zelensky’s global appeal, the roots of Putin's lust for empire, and Ukraine’s prospects for victory. Host: Derek Thompson Guest: Anne Applebaum Produ...

25 Maalis 202241min

Could Putin’s War Crash the U.S. Economy?

Could Putin’s War Crash the U.S. Economy?

Economic crises are piling up. U.S. inflation was surging before Russia invaded Ukraine. Since the war began, commodity prices have spiked, with gas screaming toward $5 a gallon. And now China is faci...

22 Maalis 202242min

Five Reasons Putin’s War Was Doomed From the Start

Five Reasons Putin’s War Was Doomed From the Start

Russia’s military isn’t just a little bit bigger than Ukraine's—it has three times more armored vehicles; four times more ground forces; five times more tanks; and 10 times more aircraft. But for now,...

14 Maalis 202221min

Why a No-Fly Zone Over Ukraine Could Be—Literally—the Worst Idea Ever

Why a No-Fly Zone Over Ukraine Could Be—Literally—the Worst Idea Ever

Three in four Americans say the U.S. and its allies should ban Russian aircraft over Ukraine by establishing a “no-fly zone.” Dozens of foreign policy experts agree. So do many Ukrainians. Is this the...

10 Maalis 202235min

“Every Person Is Ready to Die for Our Country”: Five Ukrainians on Life Inside Putin’s War Zone

“Every Person Is Ready to Die for Our Country”: Five Ukrainians on Life Inside Putin’s War Zone

Imagine running from your home, from a foreign army, knowing that every decision you make could be the difference between life and death—stay or flee? Turn left or right? Leave at 5 a.m. or 6 a.m.? Th...

8 Maalis 202221min

SPECIAL DOUBLE EPISODE: What Putin Will Do Next and the West’s Unprecedented "Financial War" on Russia

SPECIAL DOUBLE EPISODE: What Putin Will Do Next and the West’s Unprecedented "Financial War" on Russia

There are two wars happening right now. There is a military conflict led by Vladimir Putin in Eastern Europe that we should all hope ends as soon as possible. And there is an economic and cultural war...

2 Maalis 202258min

Russia’s Economic Meltdown, Putin’s Big Mistake, and the West’s Financial War Against Vlad and the Oligarchs

Russia’s Economic Meltdown, Putin’s Big Mistake, and the West’s Financial War Against Vlad and the Oligarchs

Things are moving very, very fast in Vladimir Putin’s war against Ukraine—and in the global response to punish Russia. The U.S. and Europe are not engaged in a literal war against Putin, and hopefully...

1 Maalis 202232min

How Putin's War Will End

How Putin's War Will End

Quagmire. Regime change. Conquest. Empire. World War III. Derek considers five ways that the war in Ukraine could end with Paul Poast, a professor of foreign policy and war at the University of Chicag...

25 Helmi 202244min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
viisupodi
et-sa-noin-voi-sanoo-esittaa
otetaan-yhdet
rss-vaalirankkurit-podcast
rss-asiastudio
rss-podme-livebox
the-ulkopolitist
rss-kaikki-uusiksi
rss-tekkipodi
io-techin-tekniikkapodcast
rikosmyytit
rss-mina-ukkola
rss-fingo-podcast
rss-hyvaa-huomenta-bryssel
rss-kuka-mina-olen