Has the Fed ever met its 2 goals?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 7 August 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
Since the 1970s, the Federal Reserve has been officially tasked with a dual mandate: keeping prices stable and maximizing employment. But has the Fed ever found that sweet spot? It would be easier to answer if the economy wasn’t always in flux. Also: Disney’s streaming service posts its first profit, what we can learn from women entrepreneurs of the 19th century, and noise from a bitcoin mine haunts people in a rural Texas town.
Transcript
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| 0:59.0 | The Federal Reserve has two main jobs, just two, and neither of them are about making markets happy. |
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| 1:22.6 | It's Wednesday, August 7th. |
| 1:24.6 | Good to have you with us. |
| 1:26.4 | The big sell-off on Wall Street earlier this week |
| 1:28.8 | pointed a lot of eyes at the Federal Reserve, |
| 1:31.4 | and what it'll do with interest rates as if eyes weren't already |
| 1:34.6 | laser focused there to begin with. Economists, analysts, regular people had a lot of loud |
| 1:40.8 | opinions. The Fed's taking too long. It should make a bigger cut |
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