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Money Rehab with Nicole Lapin

Inside The Fed and the Future of Interest Rates and More with Austan Goolsbee, President of the Federal Reserve Bank of Chicago

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.41.4K Ratings

🗓️ 4 September 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

Today, we’re pulling back the curtain on one of the most powerful institutions in the global economy: the Federal Reserve. The Fed’s meeting later this month isn’t the only reason the central bank is in the headlines. Between President Trump’s push to oust both the BLS Commissioner and Fed Governor Lisa Cook, and his mounting public pressure on Fed Chair Jerome Powell, all eyes are on the Fed like never before. In this special joint episode of Money Rehab and Mo News, Nicole and Mosh are joined by Austan Goolsbee, FOMC member and President of the Federal Reserve Bank of Chicago.  Goolsbee shares what it’s like to be in historic Fed meetings, breaks down the balancing act between inflation and interest rates, and weighs in on the critical role of the Fed’s independence. They also dig into whether the data that guides these billion-dollar decisions is still up to snuff in 2025, and what interest rates might actually look like in the months ahead. If you want to know where interest rates—and the economy—are headed, this is the episode to take to the bank. Subscribe to Mo News Follow Austan Goolsbee's work This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC.  *APY as of 6/30/25, offered by Public Investing, member FINRA/SIPC. Rate subject to change. See terms of IRA Match Program here: public.com/disclosures/ira-match.

Transcript

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0:00.0

I am so excited you head up to Big Sur with my husband this fall. We are celebrating our anniversary,

0:06.4

and while I will miss the little mush so much, we are also really excited to have a little

0:13.1

parents' time. We deserve that. But you know, it got me thinking about this feeling when you walk

0:17.8

out of the door for a trip and you wonder what your blaze is doing while you're

0:21.2

gone? Well, it turns out it could be working for you. I've been hosting on Airbnb for forever now,

0:27.1

and I tell all of my friends to do the same because it's an amazing way to make passive income

0:31.7

from an asset you already have, your home. But some of my friends who are super busy worry that

0:37.2

hosting on Airbnb would feel like

0:38.7

having a second job. And that's when I tell them about Airbnb's co-host network. Anything you don't

0:43.9

have the bandwidth to do, a co-host can handle for you. They can create your listing, manage reservations,

0:49.9

manage guests, provide on-site support, even handle design and styling. So whether you're

0:54.7

traveling for work or you're escaping the winter, or if you have a second place that just sits

0:59.2

empty way too often, your home doesn't have to sit on the sidelines. Instead, you can earn a little

1:04.0

extra cash without adding another job to your plate. Find a co-host at Airbnb.com slash host.

1:10.6

What is your bank doing for you? And how much is it costing

1:13.3

you? That's a serious question, because if they're charging you $8 a month with zero extra services,

1:19.3

I've got to stage an intervention here. What are you paying them for anyway to hold your money for you?

1:24.6

You deserve better. That's what I love about chime. There are no

1:28.8

monthly fees, no maintenance fees. My younger self would have definitely benefited from this.

1:33.5

It's not just the no fees thing. It's what they have to offer you, too. If you set up direct

1:38.1

deposit, you can get paid up to two days early automatically. And with qualifying direct

1:42.0

deposits, you're eligible for free overdraft up to $200 on

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