How the Fed Distributes Billions of Dollars in Cash
Odd Lots13 Feb 2025

How the Fed Distributes Billions of Dollars in Cash

We all know that the Federal Reserve tries to stabilize the economy by raising or cutting interest rates to balance inflation and unemployment. But the central bank’s mandate actually goes beyond monetary policy. The Fed is also responsible for reviewing and distributing billions of dollars in cash to banks all over the US. In this episode, we go deep inside the vaults of the Federal Reserve Bank of Chicago to see how physical money actually gets moved around. Chicago Fed President Austan Goolsbee is our guide for the tour, and you’ll hear how the central bank gets its cash, how it checks it for authenticity and condition, and how it gets currency to where it needs to be.

Read more: Fed’s Goolsbee Sees Uncertainty Driving Shallower Rate-Cut Path

Odd Lots is going to Washington, DC! Get your tickets here.

    See omnystudio.com/listener for privacy information.

    Episoder(1180)

    Gina Raimondo on How European Industry Is Getting Crushed

    Gina Raimondo on How European Industry Is Getting Crushed

    The relationship between the US and Europe is deteriorating along both security and economic dimensions. The Trump administration has imposed tariffs, while also being sharply critical of NATO allies....

    6 Apr 45min

    Scott Bok Explains What Investment Bankers Actually Do All Day

    Scott Bok Explains What Investment Bankers Actually Do All Day

    There's obviously a lot of talk these days about AI and possible destruction of white collar jobs. Intuitively bankers might be expected to be victims of this. But before we can answer whether AI can ...

    3 Apr 54min

    This Is How to Tell if Writing Was Made by AI

    This Is How to Tell if Writing Was Made by AI

    When you consider the fact that many people don't know how and where to place a comma, it's safe to say that AI is already better than most people at writing. It's clean copy. It can be surprisingly p...

    2 Apr 48min

    Javier Blas on Why Oil Could Go Much, Much Higher

    Javier Blas on Why Oil Could Go Much, Much Higher

    Oil has shot up by a lot since the start of war with Iran. But it could still get much worse. So far, the massive disruption (due to the closure of the Strait of Hormuz) has been cushioned by the draw...

    1 Apr 41min

    Why NASA Hired a Chief Economist

    Why NASA Hired a Chief Economist

    This week, NASA is scheduled to launch Artemis II, a mission that will send astronauts around the moon for the first time in more than 50 years. But this comes at a time when the space agency is facin...

    31 Mar 49min

    Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI

    Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI

    When we last spoke to Marco Argenti, chief information officer at Goldman Sachs, we were talking about how the bank was deploying AI, including the development of its own internal tools. But that was ...

    30 Mar 52min

    Anthropic, the Pentagon, and the Future of Autonomous Weapons

    Anthropic, the Pentagon, and the Future of Autonomous Weapons

    The last big story right before the war in Iran started was the collapse in the relationship between the Pentagon and Anthropic, with the latter objecting to any potential use of its models in either ...

    28 Mar 51min

    Now There's a Helium Shortage and It Affects More Than Balloons

    Now There's a Helium Shortage and It Affects More Than Balloons

    Ripple effects from the war in Iran and the closure of the Strait of Hormuz continue to widen. There's yet another brewing shortage, this time in helium. While most people associate helium with balloo...

    27 Mar 50min

    Populært innen Business og økonomi

    stopp-verden
    lydartikler-fra-aftenposten
    dine-penger-pengeradet
    e24-podden
    rss-borsmorgen-okonominyhetene
    rss-penger-polser-og-politikk
    pengepodden-2
    tid-er-penger-en-podcast-med-peter-warren
    utbytte
    pengesnakk
    liberal-halvtime
    livet-pa-veien-med-jan-erik-larssen
    lederpodden
    rss-pa-konto
    rss-politisk-preik
    finansredaksjonen
    morgenkaffen-med-finansavisen
    stormkast-med-valebrokk-stordalen
    rss-densannepodden
    rss-impressions-2