How Much Pain Will It Take to Crush Inflation? (with Minneapolis Fed President Neel Kashkari)

In the Bubble with Andy Slavitt

Lemonada Media

News

4.6 • 3.5K Ratings

🗓️ 28 September 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve is continuing to raise interest rates in an attempt to crush record high inflation. But how far will they go, could it lead us into a recession with massive job loss, and how will stock markets react? Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, offers a candid look at the tools at the Fed’s disposal and explains why they’re taking strong actions at the risk of economic pain for Americans.

Keep up with Andy on Twitter @ASlavitt.

Follow Neel Kashkari on Twitter @neelkashkari.

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Check out these resources from today’s episode:

Watch Federal Reserve Chair Jerome Powell’s latest speech announcing the third interest rate increase in a row: https://www.pbs.org/newshour/politics/watch-live-federal-reserve-chair-jerome-powell-gives-update-after-decision-on-interest-rates
Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/
Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165

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Transcript

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0:27.0	CVS Health is there to help.
0:31.0	Learn more at CVS Health.com.
0:33.0	What's the only thing better than second?
0:35.0	First, join host Kreme Rama each week as he brings you the stories of people who had a profound
0:39.2	impact on society and culture simply because they were first.
0:42.9	Kreme is joined by fellow comedians to share stories about trailblazers breaking down racial
0:47.0	barriers and making history.
0:49.1	From lemon auto media, some friends and salt comes first.
0:52.6	Just out now wherever you get your podcasts.
0:56.6	Lemon auto.
0:59.6	Welcome to the bubble.
1:21.4	This is Andy Slavitt.
1:22.4	It is Wednesday, September 28.
1:25.1	We have Neil Kashkari, who is the president of the Federal Reserve Bank in Minneapolis on
1:31.0	the show today.
	...

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