Is the Federal Reserve Making a Huge Mistake?
Plain English with Derek Thompson27 Sep 2022

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

Avsnitt(362)

Plain English BEST OF: The Healthiest "Super-Agers" Have One Thing in Common, According to a 25-Year Study

Plain English BEST OF: The Healthiest "Super-Agers" Have One Thing in Common, According to a 25-Year Study

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

20 Jan 41min

Plain English BEST OF: The Modern World Is Changing America’s Personality for the Worse

Plain English BEST OF: The Modern World Is Changing America’s Personality for the Worse

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

13 Jan 47min

Plain English BEST OF: If GLP-1 Drugs Are Good for Everything, Should We All Be on Them?

Plain English BEST OF: If GLP-1 Drugs Are Good for Everything, Should We All Be on Them?

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

6 Jan 54min

Plain English BEST OF: What Experts Really Think About Smartphones and Mental Health

Plain English BEST OF: What Experts Really Think About Smartphones and Mental Health

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

30 Dec 20251h 6min

Plain English BEST OF: How Gen Z Sees the World

Plain English BEST OF: How Gen Z Sees the World

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

23 Dec 202558min

Plain English BEST OF: A Grand, Unified Theory of Why Americans Are So Unhealthy

Plain English BEST OF: A Grand, Unified Theory of Why Americans Are So Unhealthy

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

16 Dec 202538min

Plain English BEST OF: The Antisocial Century

Plain English BEST OF: The Antisocial Century

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

9 Dec 20251h 8min

Plain English BEST OF: How to Be Happy and the Science of Cognitive Time Travel

Plain English BEST OF: How to Be Happy and the Science of Cognitive Time Travel

Throughout December and January, we’re going to be re-airing some of our favorite episodes of the past year and beyond. This list includes interviews that really stuck with me and some others that you...

2 Dec 20251h 5min

Populärt inom Politik & nyheter

svenska-fall
aftonbladet-krim
p3-krim
rss-krimstad
spar
fordomspodden
flashback-forever
rss-sanning-konsekvens
aftonbladet-daily
rss-vad-fan-hande
motiv
rss-krimreportrarna
rss-frandfors-horna
politiken
krimmagasinet
kungligt
rss-expressen-dok
rss-flodet
rss-aftonbladet-krim
dagens-eko