SUMMER SCHOOL 7: The Fed & Volcker's Socks

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 24 August 2022

⏱️ 32 minutes

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Summary

The Federal Reserve plays a very important role in the economy. When things start to look uncertain, the central bank is tasked with stepping in to restore people's confidence in the economy. But how do they do it? On today's episode we dive deep on monetary policy and the role of the fed. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

Transcript

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0:00.0	This is Planet Money from NPR.
0:11.0	Hello and welcome to Planet Money Summer School.
0:13.0	I'm Stacy Vannick-Smith.
0:15.0	And I have to say I'm feeling a little wistful today
0:18.0	because summer is almost at an end
0:21.0	and so is our little summer school semester
0:23.0	just one more week until our final exam and graduation.
0:27.0	And I am here with our wonderful economist guides
0:29.0	they've been with us all semester,
0:31.0	Kristen Brody and Luigi Zengales.
0:32.0	Hey guys.
0:33.0	Hi.
0:34.0	Hi, how are you?
0:35.0	I'm doing really well.
0:36.0	Especially since we are getting to talk about one of the
0:39.0	most important parts of the macro economy in the US,
0:44.0	which is the central bank, the Federal Reserve.
0:48.0	This is like a topic that can be a little complicated to talk about
0:51.0	sometimes because it's like one of the
0:54.0	long-eared parts of the macro economy.
0:56.0	You guys have both taught, is this a harder part to teach or not?
1:01.0	It's one of those things that is both super easy and super complicated.
	...

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