Hi I'm Kai Rizdahl the host of How We Survive

It's a podcast from Marketplace. In 1986, before I was a journalist, I was flying for the Navy.

Mr. Gorbachev, tear down this wall.

It was the cold war and my first deployments were intercepting Russian bombers.

Today though, there's another threat out there, climate change.

This could be the warmest year on record.

Climate change is here.

Temperatures here are warming faster than anywhere on Earth.

And while the threat seems new, the Pentagon's been funding studies on climate change since the 1950s.

I think we will put our troops and our forces at higher risk if we don't recognize the impact of climate change.

This season, we go to the front lines of the climate crisis

to see how the military is preparing for the threat.

Listen to how we survive, wherever you get your podcasts.

It's been 1,647 days if you're counting.

Money is finally getting cheaper. From American public

media this is marketplace. In Los Angeles, I'm Ka Rizdahl. It is Wednesday today the 18th of September, good as always, to have you along, everybody.

A lot has happened in monetary policy in those 1,647 days, so let's catch you up a little bit.

Previously on Federal Open Market Committee press conferences,

Good afternoon.

My colleagues and I remain squarely focused on achieving our dual mandate goals of maximum employment and stable prices.

In 2020, coronavirus disrupted the economy and the Fed slash interest rates to zero.

My colleagues and I took this action

...