4.7 • 9.2K Ratings
🗓️ 16 March 2022
⏱️ 8 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | NPR. |
0:11.4 | This is the indicator for plan of money. |
0:12.7 | I'm Adrian Ma. |
0:13.7 | And I'm Daryl Wards. |
0:14.7 | And Adrian, today we have perhaps the most significant but also completely unsurprising |
0:20.0 | economic news. |
0:21.6 | The Federal Reserve, the US Central Bank, raised interest rates today. |
0:25.6 | And supported these goals, the FOMC raised its policy interest rate by one quarter percentage |
0:31.6 | point. |
0:32.6 | So yes, so this is probably like the opposite of a plot twist, right? |
0:35.3 | Yeah, like what would you call it? |
0:36.8 | Plot straight? |
0:37.8 | Exactly. |
0:38.8 | It was a plot straight. |
0:39.8 | Yeah, I mean, even after the Russian invasion of Ukraine, it was still really clear from |
0:44.8 | comments in the media and to the public that the Fed was very likely to raise interest |
0:49.3 | rates today. |
0:50.3 | So what's that mean? |
0:51.3 | Well, basically that means car loans, business loans, mortgages. |
0:55.5 | All those are going to get a little bit harder to afford. |
0:58.7 | And the theory is that fewer people are going to want loans and with fewer loans being |
1:03.1 | made, that'll slow down spending in other parts of the economy. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.