Let's take a hard look at that GDP growth
Marketplace All-in-One
Marketplace
4.8 • 1.3K Ratings
🗓️ 30 July 2025
⏱️ 28 minutes
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Summary
U.S. GDP grew at a healthy clip in the second quarter of 2025. But a mathematical equation can’t convey nuance — like, say, six months of tariff chaos. Clear away the trade drama, and the country’s economic growth was more subdued. Also in this episode: The Fed keeps rates as-is despite historic “no” votes from committee members, crypto firms campaign for stablecoin to be the new credit card, and the private sector added about 70,000 service sector jobs in July.
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Transcript
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| 1:01.6 | Okay, start the clock for me, would you? |
| 1:04.4 | J-PALS press conference. |
| 1:06.2 | Ready? |
| 1:07.4 | Go! |
| 1:08.5 | From American Public Media. |
| 1:10.8 | This is MarketPlands. |
| 1:17.4 | In Los Angeles, I'm Kyle Rizzdao Wednesday, today the 30th of July. It is always to have you along, everybody. |
| 1:29.3 | All right, here we go. Fed Chair J. Powell, his press conference today, 45 minutes in, I'm going to say I can do it in 90 seconds, seven pieces of tape. |
| 1:41.0 | Here we go, number one. |
| 1:42.3 | As you know, today, we decided to leave our policy rate where it's been, which where I would |
| 1:46.6 | characterize as modestly restrictive. Policy rate means the short-term interest rate |
| 1:51.2 | the central bank controls. Modestly restrictive means putting the breaks on the economy just a bit. |
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