Inside the Federal Reserve Part One
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 10 June 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Did the Federal Reserve wait too long to raise interest rates? Here's a clip from our recent chat with Jeanna Smialek who writes about the Federal Reserve and the economy for The New York Times. Want more of Jill and Jeanna? Subscribe to Jill on Money LIVE to watch the full chat.
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. |
| 0:06.2 | It is Saturday, June 10th, and I know that you guys are really concerned about what's |
| 0:13.0 | going to go on at the Federal Reserve meeting next week. |
| 0:15.5 | I know it's keeping you up at night. |
| 0:17.5 | I joke. |
| 0:18.5 | I know that you don't really pay attention to a lot of that stuff, but we do. |
| 0:23.2 | And today we are airing a snippet of our conversation with Fed Watcher extraordinaire, |
| 0:31.7 | Gina Smiley. |
| 0:32.7 | Now, Gina writes to the New York Times. |
| 0:35.2 | She writes about the Federal Reserve and the economy, and she's amazing. |
| 0:39.5 | Also in her spare time, what has she done? |
| 0:41.6 | She's written a book about the Federal Reserve, and it's a great book because it essentially |
| 0:48.7 | was so well-positioned as the Silicon Valley Bank and Small Bank crisis was emerging. |
| 0:55.3 | I do think that this book is really a good way to understand what the Fed does. |
| 1:00.5 | So the name of the book is Limitless. |
| 1:03.4 | The Federal Reserve takes on a new age of crisis, and the author is Gina Smiley. |
| 1:09.5 | This is an interview that we conducted in the spring after Silicon Valley Bank and |
| 1:13.6 | Signature Bank had failed. |
| 1:16.1 | And what was so instructive about this conversation was Gina's real insight into the operations |
| 1:22.8 | of the Federal Reserve and also what their policies mean to you and me. |
| 1:26.8 | So if you want to watch the full interview, the webinar part of that, the video interview, |
| 1:33.3 | you will have to subscribe to our brand new service called Jill on Money Live. |
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