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Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 18 September 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Federal Reserve policymakers met this week and announced they’re cutting interest rates by half a percentage point. That’s meant to buoy the economy, but getting the public to understand why rates have been high, and why now’s the time to cut, is tricky. In this episode, experts weigh in on Chair Jerome Powell’s communication prowess. Plus, Gen Zers feel the pain of a tight job market combined with high prices, and we travel back in time to a Fed rate cut in 2019.
Transcript
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| 0:00.0 | Hi everyone. Here at Marketplace, we know the value of understanding money, but that |
| 0:06.4 | knowledge is especially valuable when you're young and planning for the future. |
| 0:11.1 | The new season of Financially inclined,ined hosted by Yannelli Espinal is here to help. |
| 0:15.4 | Teens and young adults will gain priceless financial |
| 0:18.9 | knowledge on topics ranging from building credit to how to |
| 0:22.1 | outsmart impulsive buying. |
| 0:24.0 | Financially inclined is presented in partnership with Green Light, the debit card and money |
| 0:28.9 | app for teens. Green Light helps teens learn to earn, save, spend wisely, and invest. |
| 0:35.0 | Tune into financially inclined wherever you find your podcasts. |
| 0:40.0 | Hi, I'm Kai Rizdahl, the host of How We Survive. It's a podcast from Marketplace. |
| 0:47.8 | In 1986, before I was a journalist, I was flying for the Navy. |
| 0:51.8 | Mr. Gorbachev, tear down this wall. |
| 0:56.0 | It was the Cold War, and my first appointments were intercepting Russian bombers. |
| 1:00.0 | Today, though, there's another threat out there climate change. |
| 1:04.0 | This could be the warmest year on record. |
| 1:06.0 | Climate changes here. |
| 1:08.0 | Temperatures here are warming faster than anywhere on Earth. |
| 1:11.0 | And while the threat seems new, the Pentagon's been funding studies |
| 1:14.8 | on climate change since the 1950s. I think we will put our troops and our forces at |
| 1:21.6 | higher risk if we don't recognize the impact of climate change. |
| 1:26.2 | This season, we go to the front lines of the climate crisis to see how the military is preparing |
| 1:31.3 | for the threat. |
... |
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