Powell to the people: The Fed raises rates

Economist Podcasts

The Economist

News, News & Politics

4.3 • 5K Ratings

🗓️ 16 June 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

America’s central bank raised rates by .75% yesterday—the biggest increase in almost 30 years. Whether that will help tame rising prices without triggering a recession is unclear. The poor performance of Russian tanks in Ukraine has led some to wonder whether the tank itself is obsolete. And the rousing, darkly humorous defiance of Ukrainian war anthems. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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0:00.0	This episode is sponsored by Tradeu, the multi-asset platform that lets you trade with an institutional edge.
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0:59.2	Hello and welcome to the intelligence from the economist.
1:02.7	In New York, I'm John Fastman.
1:05.8	Every weekday, we provide a fresh perspective on the events shaping your world.
1:12.7	Russia has lost more tanks in Ukraine than France, Britain, and Germany possess combined.
1:19.4	Armies will always need armored transport. But do the prevalence of drones and shoulder-fired missiles
1:25.2	mean that tanks are becoming obsolete?
1:34.6	And many of the Ukrainians who have taken up arms to defend their country are not professional soldiers. They're ordinary people, including the occasional pop star and songwriter, able to turn out a steady
1:42.2	stream of rousing, darkly comic war anthems.
1:50.6	But first.
1:56.3	America's central bank increased its main interest rate by 0.75% yesterday, the largest increase
	...

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