How the Fed Really Works
Say More3 Aug 2023

How the Fed Really Works

It’s arguably the most important number in the US economy: the federal funds rate, better known simply as the Federal Reserve’s “interest rate.” The Fed picks a rate eight times a year, which dictates how easy it is for consumers and businesses to borrow money for entrepreneurship, home buying, credit cards, and more. But Susan Collins, president of the Federal Reserve Bank of Boston — the first woman of color to lead any regional federal reserve bank — says the Fed’s job goes way beyond setting interest rates. On today’s episode, she talks about traveling across New England to meet families struggling with the high cost of housing and child care, and how their stories influence decisions made by the nation’s central bank. Email us at saymore@globe.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Episoder(173)

RERUN: Before Lindsay Clancy, there was Latarsha Sanders.

RERUN: Before Lindsay Clancy, there was Latarsha Sanders.

What does justice mean when a mentally ill person takes a life? Before Lindsay Clancy killed her three children in Duxbury, there was another case. In 2018, a mother in Brockton, Latarsha Sanders, kil...

20 Aug 28min

Jascha Franklin-Hodge on why Boston Needs Safer Streets

Jascha Franklin-Hodge on why Boston Needs Safer Streets

When Michelle Wu was first elected mayor, she promised to transform Boston’s streets. Her plans for bike lanes and public transit were ambitious but achievable, she said. Now, 5 years later, street sa...

13 Aug 35min

Old People Rule America. It’s Called Gerontocracy.

Old People Rule America. It’s Called Gerontocracy.

America is ruled by old people. And it’s not just our elected officials. Median voting age is well above the national average. Yale University professor Sam Moyn has a word for this: Gerontocracy. Thi...

6 Aug 29min

Who was the First Masshole?

Who was the First Masshole?

Who was the first Masshole? It’s a question that dogged Boston Globe feature writer Billy Baker, resulting in some serious research. This week on Say More, Billy comes on the show with Globe reporter ...

30 Jul 28min

Politics Panel: What is ICE Doing in Maine?

Politics Panel: What is ICE Doing in Maine?

Maine keeps grabbing national attention. First it was the unexpected rise and fall of economic populist Graham Platner, a serious contender for Maine’s senate seat. Now begins the race to find a new n...

23 Jul 34min

PATRIOTISM IS A VERB: Teaching US History to Immigrant Kids

PATRIOTISM IS A VERB: Teaching US History to Immigrant Kids

Chelsea High School in Massachusetts is around 90 percent Latino, and the city has been ground zero for ICE raids in the Boston area. On the 250th anniversary of America’s founding, we wanted to know ...

15 Jul 23min

PATRIOTISM IS A VERB: Rep. Ayanna Pressley is an a ‘situationship’ with America

PATRIOTISM IS A VERB: Rep. Ayanna Pressley is an a ‘situationship’ with America

If you ask Congresswoman Ayanna Pressley about her relationship with America, she doesn't mince words, “it’s complicated.” Pressley has come to develop strong feelings of patriotism that are rooted in...

8 Jul 24min

PATRIOTISM IS A VERB: Liberals have a Patriotism Problem

PATRIOTISM IS A VERB: Liberals have a Patriotism Problem

This July 4th, liberals are faced with an awkward milestone. The country’s 250th anniversary requires our attention, and yet, the state of national politics brings only angst and despair. This month o...

2 Jul 34min

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