The Chicago Fed president on the path forward for interest rates
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 7 September 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
The Federal Reserve’s Open Market Committee meets in two weeks to determine if interest rates should change. Today, we hear from Chicago Fed CEO Austan Goolsbee on the odds of a soft landing for the economy and the data used to guide rate decisions. Plus, the inverted yield curve is an indicator of a coming recession. Could it be wrong this time? And later: Speed-dating makes a comeback.
Transcript
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| 0:00.0 | This Marketplace podcast is supported by Vanguard. |
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| 0:48.6 | We call the guy we know in Chicago to talk about this economy. |
| 0:54.0 | Probably ought to mention, I guess, that he's the president of the Chicago Fed. |
| 0:58.3 | From American public media, this is Market Flank. |
| 1:11.8 | In Los Angeles, I'm Kai Rizal. |
| 1:13.8 | It is Thursday today, the 7th of September. |
| 1:16.8 | It is always to have you along, everybody. |
| 1:19.4 | Come next week, we will get the latest read on inflation, also on retail sales. |
| 1:25.0 | But there will be nary a peep from any of the dozen or so people in charge of this economy. |
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