Break glass in case of oil price shock
Marketplace
American Public Media
4.6 • 8K Ratings
🗓️ 18 June 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
The Fed kept interest rates as-is today, and Chair Powell said policymakers are “well-positioned to wait” before making another move. But what if oil price shock, propelled by roiling conflict in the Middle East, forces his hand? In this episode, we break open the Fed oil crisis playbook — but we hope Powell won’t need it. Plus, projections show the GOP tax bill will cost more than it makes, AI productivity won't boost humans equally and port logistics get complicated under shifting tariff policy.
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Transcript
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| 0:37.9 | UK slash Marketplace 22. |
| 0:40.6 | Go to Shopify.com. |
| 0:42.3 | UK slash Marketplace 22. |
| 0:47.3 | Ladies and gentlemen, the Federal Reserve is just not in a hurry. |
| 0:54.0 | We think our policy stances is in a good place where we're well positioned to react to incoming |
| 0:58.1 | developments. |
| 0:59.1 | From American public media, this is Marketplace. |
| 1:08.5 | In Los Angeles, I'm Kyle Rizzdahl. It is Wednesday. Today, this one is the 18th of June. Good as always to have you along, everybody. |
| 1:19.1 | Here is the very quick headline from Fed Chair Jay Powell's press conference today, at which the Central Bank, to absolutely nobody surprised, did absolutely nothing with |
| 1:28.5 | interest rates. This meeting was always going to be about what Powell said, and what Powell said |
| 1:34.0 | was that the Fed is content to wait and see what tariffs actually do. But that according to the |
| 1:39.9 | central bank, the best guesses are that unemployment is going to go up and economic growth is going |
... |
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