4.7 • 9.2K Ratings
🗓️ 24 July 2025
⏱️ 9 minutes
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0:00.0 | NPR. It has been a hard summer for our nation's central bank, the Federal Reserve. |
0:16.7 | Right. The president has been on the attack calling the Fed chair Jay Powell a numskull. |
0:21.8 | That's a quote. And the White House is looking into a remodel of the Fed's historic headquarters, which ran over budget. |
0:28.2 | I wouldn't blame the staff for wanting to take a vacation right now, but they're clearly still hard at work. |
0:34.1 | Last week, right on schedule, the Federal Reserve published the summary of commentary |
0:38.8 | on current economic conditions. Better known as the beige book. And so if the Fed can work through |
0:45.5 | the noise and do their job, we can work through the noise and do our job. Which is to read the |
0:51.7 | beige book cover to cover and find stuff we think is provocative, |
0:55.7 | informative, and even a little bit funny. |
0:59.1 | Yeah, you've got to keep that sense of humor. |
1:03.8 | It's the Bezia Awards, our eight times a year's salute to the art and science of telling |
1:09.8 | stories about the economy. |
1:11.5 | I'm Robert Smith. |
1:12.5 | And I'm Adrian Ma. |
1:13.9 | The most recent beige book shows Americans are finding ways to spend less money, including |
1:18.6 | on their vacations. |
1:20.6 | On today's show, you might just learn a few tricks to do holidays on the cheap. |
1:24.9 | A penny saved is a penny earn. |
1:27.4 | Wait, who said that? After the break. |
1:34.3 | I always like to remind everyone how this award show works. There are 12 regional banks in the |
1:39.3 | Federal Reserve System. Each one studies their local economy and writes stories about it in the |
1:44.1 | beige book. |
... |
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