Expect and you shall recieve
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 25 February 2026
⏱️ 26 minutes
🧾️ Download transcript
Summary
Consumer surveys show us Americans think inflation will climb in the coming years. That belief could be one reason inflation actually does climb. See, when consumers think inflation will accelerate, it affects their spending decisions. And those choices aren’t without consequence. Also in this episode: Anthropic loosens its safety pledge to compete with other AI firms, video game sales could break records in 2026, and outgoing Atlanta Fed president Raphael Bostic discusses leadership at the central bank.
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Transcript
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| 0:00.0 | on the program today sticky inflation we'll do some video gaming and we'll talk about living on a |
| 0:09.2 | cruise ship from american public media this is market for us in law In Los Angeles, I'm Kai Rizdahl. It is Wednesday. Today, this one is the 25th of February. |
| 0:30.1 | Good as always to have you along, everybody. We're going to begin today with a one-two punch of sorts coming out of our interview with Rafael Bostick, the soon-to-be |
| 0:38.6 | former president of the Federal Reserve Bank of Atlanta. In the parts of that interview that we played |
| 0:43.5 | yesterday, and we're going to play some more in a minute, by the way. But we talked a bit, he and I did, |
| 0:47.9 | about the central bank's credibility, how and why people might start doubting the Fed's ability |
| 0:53.1 | to do its job. In this instance, |
| 0:55.7 | specifically, being able to get inflation back to where the central bank wants it to be, |
| 1:00.5 | 2%, as you know, after not having been able to do it for years now, as you also know. |
| 1:06.6 | He worries about that, Bostick said. So, marketplaceplace's a Breedishore gets us going with this. |
| 1:13.2 | Have we been away from ideal inflation for so very long now that we're stuck here? |
| 1:19.4 | You know, in Star Wars, the Empire Strikes Back. |
| 1:21.6 | Luke is trying to raise a spaceship out of a swamp. |
| 1:24.2 | I can't. It's too big. |
| 1:27.1 | And then Yoda uses the force and actually does it. I don't believe it. I can't. It's too big. And then Yoda uses the force and actually does it. |
| 1:29.7 | I don't believe it. |
| 1:31.1 | Nick, it's why you fail. |
| 1:34.0 | This is a common trope in movies. |
| 1:35.7 | The idea that believing in something or not believing in something makes that something |
| 1:39.2 | happen or not happen. |
| 1:41.2 | Inflation is like that. |
| 1:43.1 | You can have self-fulfilling prophecy. |
... |
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