On the road to 2%, stay “patient, cautious and resolute”
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 16 December 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
As 2023 comes to a close, some economists would say we’re ending the year in a better place than they would have predicted in January — inflation has come down quite a bit and the economy is chugging along. But getting all the way back to 2% annual inflation will take persistence. In this episode, Raphael Bostic, president of the Atlanta Federal Reserve Bank, reflects on the economic year we’ve had. Plus, the psychology behind incremental mortgage rate drops and why the online gift guide business has exploded.
Transcript
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| 0:45.0 | Shopify dot co dot UK slash marketplace |
| 0:50.0 | something a little different at the top of the show on a Friday from American public media. |
| 0:56.0 | This is market plans. In Los Angeles, I'm Connor Risdall. It is Friday, today the 15th of December. |
| 1:10.8 | Good as always to have you long everybody. The Federal Reserve |
| 1:14.4 | delivered some good news for this economy this week. A, that they are going to keep |
| 1:19.3 | rates where they are for now and B, that the consensus among them is for three count them three |
| 1:26.8 | rate cuts next year season greetings indeed all of that said though we are still not where the Central Bank wants us to be, |
| 1:36.0 | so the when and how of what is going to happen is still very much up in the air. |
| 1:40.0 | So in lieu of our usual offering at the top of the show on a Friday analysis of the week's events, |
| 1:46.0 | we've gotten a participant in the week's events on the phone. |
| 1:49.0 | Raphael Bostick is the president of the Federal Reserve Bank of Atlanta. |
| 1:52.0 | Dr. Bostick, welcome to the program. |
| 1:54.0 | It's good to have you back on. |
| 1:55.0 | Hi guys, good to talk with you again. |
... |
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