4.7 • 9.2K Ratings
🗓️ 18 January 2023
⏱️ 9 minutes
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0:00.0 | NPR. |
0:03.4 | Mary Daly remembers her parents struggling with inflation decades ago. |
0:16.9 | You know, I still feel the feelings I could still get them at the top of my mind, the feelings |
0:22.7 | I had growing up. |
0:23.7 | They were about watching my parents. |
0:26.4 | They would put the card table up in the living room and they would sit around it and they |
0:31.0 | would work through the bills. |
0:32.6 | And the stacks of bills were high and inflation was making more costly, so they would start |
0:36.3 | sorting out. |
0:37.5 | How can we pay? |
0:38.5 | What would we do? |
0:39.5 | How can we manage this? |
0:41.0 | And the stress I saw in their faces when they did that just kept increasing. |
0:45.9 | And you know, that's my first understanding of inflation on people. |
0:50.2 | An inflation is still front of mind for Mary Daly. |
0:53.5 | She's now the president of the Federal Reserve Bank of San Francisco. |
0:57.3 | This is the indicator from Platinum Money. |
0:59.7 | I'm Darian Woods. |
1:00.7 | To down the show, a special conversation with Mary Daly, why inflation got out of hand |
1:06.1 | and what kind of hard decisions she and her colleagues fed will face this year as high |
1:11.0 | interest rates start to bite. |
1:16.7 | When you think about the backgrounds of senior leaders at the Fed, you probably think prep |
... |
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