America’s got a power grid problem
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 12 July 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Nearly a million Texans are without power after Hurricane Beryl damaged an already fragile energy grid. As they wait for the lights come back on, we’ll explain why pretty much the whole country needs costly energy grid updates, especially as climate change makes weather more extreme. Also in this episode: Students who attended for-profit colleges are drowning in debt, and legal experts break down what might happen to federal regulatory agencies without the Chevron deference.
Transcript
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| 0:59.0 | Some mixed signals on inflation, keeping the lights on in the age of climate change, |
| 1:07.0 | and it wouldn't be Friday without the weekly wrap. |
| 1:11.0 | From American public media, this is Marketplace. In Baltimore, I'm Amy Scott in for Kai Risdahl. It's Friday, July 12th. |
| 1:28.8 | Good to have you with us. It has been a week, eh? I'm talking about the macro economy, of course. |
| 1:35.0 | We got some new inflation data to sort through two days of testimony by Fed Chair |
| 1:40.1 | J. Powell before Congress. So much to talk about with our guests Rachel Siegel at the |
| 1:44.9 | Washington Post and David Gura at Bloomberg. |
| 1:48.2 | They're here to recap the week that was. |
| 1:50.4 | Hi you two. |
| 1:51.8 | Hey Amy. |
| 1:58.0 | All right, so Rachel, a big week for Fed watchers like yourself. We had Chairman Powell testifying on the hill and he repeated a theme we've been hearing a lot which is that the Fed wants to see more good data before it starts cutting interest rates and then we got some good data on inflation yesterday. |
| 2:11.0 | So what was your takeaway on how close the Fed might be to having |
| 2:15.1 | that confidence? |
| 2:16.1 | Yeah, the week really turned out to hand Chair Powell the exact kind of report he's |
| 2:21.6 | looking for more of and I think by the end of the week this there's been this real rally around a September cut we haven't heard that officially from fed officials themselves |
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