Getting more interesting: the Fed raises rates
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 28 July 2022
⏱️ 26 minutes
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| 0:00.0 | Hello and welcome to the intelligence from the economist. |
| 0:07.1 | In New York, I'm John Fassman. |
| 0:09.6 | And in London, I'm Jason Palmer. |
| 0:11.8 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:18.2 | Sixteen years ago, a scientific journal published a landmark paper on the causes of Alzheimer's |
| 0:23.5 | disease. |
| 0:24.5 | Recently, however, a neurologist analyzed images from that paper and found signs suggesting |
| 0:29.6 | its results may have been fabricated. |
| 0:34.5 | And it's just a cork of biology that women have a higher tendency toward obesity than |
| 0:39.3 | men do. |
| 0:40.3 | And global numbers show it. |
| 0:41.8 | But in one region, the difference between the two is noticeably larger. |
| 0:55.9 | Next up, though, after having been accused for months of failing to counter inflation, |
| 1:04.6 | America's Federal Reserve has been aggressively raising interest rates through the spring |
| 1:08.2 | and summer. |
| 1:09.6 | It did so again yesterday with a 3.25% rise as data for June showed inflation continues |
| 1:15.9 | to rise above expectations. |
| 1:18.8 | The central bank's chair, Jerome Powell, wants to engineer a soft landing for the economy. |
| 1:23.6 | We're trying not to make a mistake. |
| 1:25.6 | We do see that there are two-sided risks. |
| 1:28.2 | There would be the risk of doing too much and imposing more of a downturn on the economy |
| 1:32.8 | than was necessary. |
... |
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