meta_pixel
Tapesearch Logo
Log in
Money Talks from The Economist

Money talks: How to fix the Federal Reserve

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 17 May 2016

⏱️ 15 minutes

🧾️ Download transcript

Summary

Finance editor Edward McBride presents a US special, taking on conflicts of interest at the heart of American finance and examining the grim reality behind optimistic stock forecasts.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Attention at all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey.

0:11.0

So no excuses not to visit your in-laws this Christmas.

0:16.5

Trains now on Uber. T's and C's apply check the Uber app. Hello, this is Money Talks. I'm Edward McBride, finance editor of The Economist.

0:30.0

This week we have a US special. We ask how you solve a problem like the Federal Reserve and Philip Cogan, our buttonwood columnist, joins us to talk about the outlook for markets. Is America's profit machine grinding to a halt?

0:42.0

Slugish growth,

0:43.0

secular stagnation, some people call it,

0:46.0

but it's certainly doldrums in another terminology.

0:50.0

Let's start with banking in America, not exactly the country's most popular industry.

0:56.0

The people, I see the people,

0:58.0

the people, the people,

1:01.0

in handcuffs, in

1:02.8

in handcuffs.

1:04.0

High risk mortgage lending, inaccurate credit ratings,

1:07.7

exotic financial products, and to top it all off,

1:12.1

the repeated failure of regulators to stop the madness.

1:17.0

And when we talk about greed and recklessness and illegal behavior,

1:26.6

we are talking about the Titans of Wall Street.

1:29.8

Let us never forget, they drove this economy into the worst economic downturn since the Great Depression.

1:39.0

There's widespread discontent among Americans that the banking industry has not been sufficiently reformed despite the failures that led to the financial crisis.

1:46.0

Last week Democratic frontrunner Hillary Clinton signaled her support for plans to reform the Federal Reserve.

1:52.0

I'm joined by Henry Kerr, our U.S.

1:54.2

economics correspondent who follows the Fed closely. Henry, what is it that Hillary Clinton

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.