The Fed hiked interest rates. Here’s what you can do about inflation.

Make Me Smart

Marketplace

Business, News

4.6 • 5.5K Ratings

🗓️ 15 June 2022

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve raised interest rates today by the largest amount since 1994 to try to get inflation under control. One of our listeners is wondering what the average consumer can do to keep inflation at bay. We’ll offer a potential solution. Plus, we tackle your questions about rent control, private equity and the costs of all those canceled flights.

Here’s everything we talked about today:

“Federal Reserve attacks inflation with its largest rate hike since 1994” from Marketplace
“Private equity will buy up companies to the tune of $1 trillion this year” from Marketplace
Private equity explained
“How Private Equity Looted America” from Mother Jones
“It’s a pain to fly these days. The FAA and airlines are trying to fix that” from CNBC

If you’ve got a question for us, send it to makemesmart@marketplace.org and (508) 827-6278 or (508) U-B-SMART.

Transcript

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0:00.0	Well, it's time to go.
0:01.4	Yeah, I guess.
0:02.9	Oh, jeez.
0:03.9	Hello, I guess we're still.
0:05.4	Fine.
0:05.9	Yeah, sorry.
0:06.9	Everybody, I'm Kyle Rizzo.
0:08.3	Welcome back to Make Me Smart.
0:09.8	Making the day make sense is what we do.
0:13.0	And I'm Kimberly Adams.
0:14.2	Thank you for joining us for what
0:15.6	you want to know Wednesday.
0:16.8	And that means it's time for all of us to get smarter
0:20.0	by way of answering your questions.
0:23.9	If you've got one, by the way, a question that is
0:26.5	that you like us to find the answer to or that we just
0:28.4	happen to know off step over our heads, you know what's
0:30.6	do email us make me smart at marketplace.org.
0:33.4	Or leave us a voice mail.
0:34.4	Our numbers 508 you be smart.
0:38.2	OK, first question of the day.
0:41.3	Hi, this is Clay from San Francisco.
	...

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