Ed Harrison Explains What the Fed Is Really Trying to Accomplish
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 26 May 2022
⏱️ 51 minutes
🧾️ Download transcript
Summary
Inflation is too high, and the Federal Reserve has started on an aggressive hiking path in order to tame it. But will these hikes really accomplish anything? After all, the Fed can't print more oil or housing. So what is the central bank's real goal here? On this episode we speak with Edward Harrison, a senior reporter on the Bloomberg markets team, and the author of the 'The Everything Risk' newsletter. He explains how the Fed sees the challenge at hand, what rate hikes are supposed to do, and the odds of it all actually working out as planned.
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| 0:00.0 | Do you know what your interest rate is on your savings account? |
| 0:02.7 | I bet it's lower than you think. |
| 0:04.4 | Go ahead and look. |
| 0:05.2 | And in the meantime, I'll tell you about US Treasury bills on public. |
| 0:09.2 | As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity. |
| 0:16.2 | That's the highest rate on six-month Treasury bills since the year 2000. |
| 0:20.0 | Go to public.com slash T-Bill podcast to get started. |
| 0:23.8 | This is a paid endorsement by public.com, |
| 0:26.0 | fees and conditions apply. |
| 0:27.3 | Treasury accounts at public.com or through GICO Securities Inc. |
| 0:30.4 | Member Finra and SIPC. |
| 0:31.8 | Not FDIC insured? |
| 0:33.1 | No bank guarantee. |
| 0:34.0 | May lose value. |
| 0:34.8 | Full disclosures can be found at www.public.com slash T-Bill podcast. |
| 0:41.4 | The Bloomberg Sustainable Business Summit returns to New York on October 5th, |
| 0:45.6 | featuring leaders driving innovation in sustainable business and finance. |
| 0:49.6 | Looking at the latest trends in green financing and ambitious ESG goals, |
| 0:54.0 | speakers include executives from KKR, |
| 0:56.5 | Macy's, Green Giants, C-16 Sciences, Environmental Defense Fund, and more. |
| 1:02.1 | Summit Advisor, Principal Financial Group. |
| 1:04.7 | Visit BloombergLive.com slash SVSNY slash radio to learn more. |
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