Questions about inflation, questions about the queen

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 14 September 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Inflation is still high (sigh), which means the Federal Reserve will raise interest rates again next week. One listener is wondering why the Fed has pursued incremental rate hikes as opposed to one jumbo increase. We’ve got answers! Plus, why is the Fed’s inflation target 2% anyway, and what does it have to do with New Zealand? Then, questions about the queen, the Commonwealth and currency!

Here’s everything we talked about:

“Why does the Federal Reserve aim for inflation of 2 percent over the longer run?” from The Federal Reserve
“Of Kiwis and Currencies: How a 2% Inflation Target Became Global Economic Gospel” from The New York Times
“The Fed’s inflation target comes from a casual remark on New Zealand TV” from Quartz
“The queen’s death opens the floodgates on self-rule campaigns” from Politico
“Queen Elizabeth is featured on several currencies. Now what?” from The Associated Press

Keep sending your questions. We’re at [email protected] or leave us a voice memo at 508-U-B-SMART.

Transcript

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0:00.0	Let's just go for it. Come on.
0:02.0	Yeah, right?
0:03.0	Yeah.
0:06.0	It's true.
0:09.0	Hello, everyone, and welcome back to Make Me Smart, where we make today make sense.
0:13.0	I'm Kimberly Adams.
0:15.0	I'm Kyle Rizdal.
0:16.0	What do you want to know?
0:17.0	Wednesday is the search engine optimization title of the podcast today.
0:22.0	I don't know if that's true.
0:23.0	But we will take your questions, answer them, and send you all along on your merry way.
0:29.0	And like, 15 or more.
0:32.0	Yeah, maybe a little bit less.
0:34.0	We don't have so many questions today.
0:36.0	If you've got a question about the economy, business, or technology, you can email us at MakeMeSmart at Marketplace.org.
0:42.0	You can leave us a voicemail at 508UB Smart.
0:46.0	Part one of the show today is going to be about the ever present everybody's favorite topic, inflation.
0:54.0	And then part two, the social media zeitgeist of the moment, the queen.
1:01.0	So starting off with inflation, Jack and Ohio writes, with the Fed planning more interest rate increases to fight inflation,
1:10.0	I wonder why they haven't started with larger increases sooner.
1:14.0	Why not start with a bigger 250 basis point increase to get in front of it faster?
1:20.0	Bigger is a minute.
	...

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