As Fed Makes Borrowing Easier, Candidates' Economic Pitches
The NPR Politics Podcast
NPR
4.4 • 25.7K Ratings
🗓️ 19 September 2024
⏱️ 20 minutes
🧾️ Download transcript
Summary
Here's how Vice President Harris and Donald Trump are talking about the state of the economy and their policy proposals.
This episode: White House correspondent Deepa Shivaram, campaign correspondent Danielle Kurtzleben, and chief economics correspondent Scott Horsley.
The podcast is produced by Jeongyoon Han, Casey Morell and Kelli Wessinger. Our editor is Eric McDaniel. Our executive producer is Muthoni Muturi.
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Transcript
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| 0:00.0 | This message comes from the Center for U.S. Voters Abroad Foundation. |
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| 0:16.0 | Hey, this is Luke, and I'm calling from my cattle ranch in southeastern Montana |
| 0:21.0 | while I'm currently fixing fence that the cows broke through this |
| 0:24.1 | morning. This podcast was recorded at 2009 PM on Thursday September 19th, 2024. |
| 0:31.6 | Things may have changed by the times you hear this, but I'm hoping that the fence will be fixed and the cows will be back on the right side of it. Enjoy the show. |
| 0:40.0 | Okay, you listeners don't know this, but we were just talking about cows! |
| 0:47.5 | Our producer Kelly was just asking, Danielle, what's your favorite animal? |
| 0:50.6 | And I said, Holstein. |
| 0:52.0 | Cows are just beautiful creatures. That was so lovely. |
| 0:55.0 | Oh, love it. |
| 0:56.0 | Hey there, it's the NPR Politics Podcast. I'm Deppa Schivram. I cover the White House. |
| 1:00.0 | I'm Danielle Kurtzlevin. I cover the presidential campaign and chief economics |
| 1:04.2 | correspondent Scott Horsley is here with us today hey Scott and today and today on the |
| 1:11.1 | show the Federal Reserve announced that it is cutting interest rates for the first time in a few years now. |
| 1:16.5 | Scott, this is a sign that they're feeling confident about the state of the economy, but I want you to kind of walk us through here how that might change in practice and what this decision really means. |
| 1:26.0 | Well, it's going to make it cheaper to borrow money, so whether you carry a balance on your credit card or you're trying to get a car loan. Those things |
| 1:34.4 | should be a little bit cheaper. The Fed not only lowered their benchmark |
| 1:38.8 | interest rate by half a percentage point but they also signaled that another half point cut is likely by the end of |
| 1:45.2 | this year and another full point rate cut in 2025. So if you're if you're going |
... |
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