The Fed's Tom Barkin On the Impact of Higher Interest Rates

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 2 October 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

The US economy has so far withstood the effects of higher interest rates a lot better than expected. Unemployment is still at historic lows, even while inflation has cooled and the Federal Reserve has hiked rates for about 18 months. That's not how things are supposed to work according to traditional economic theory. So what's going on? On this episode, we speak with Richmond Fed President Tom Barkin about how he's viewing the impact of higher rates right now. He talks about what businesses are telling him about their plans, and what sectors of the economy could still feel the long and variable lag from tighter monetary policy.

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0:53.2	Hello and welcome to another episode of the All Thoughts podcast.
0:56.5	I'm Tracy Alloway.
0:58.0	Joe is sick today.
0:59.7	And so I am very pleased to say that I have a guest co-host,
1:03.5	Matt Bozler.
1:04.4	He is an economics editor for Bloomberg.
1:07.5	Hi, everyone.
1:08.1	I'm Matt Bozler.
1:09.0	Excited to be here.
1:10.0	So Matt, I'm so glad you're doing the show today.
1:12.6	It is an interesting time in the U.S. economy.
1:16.1	And particularly this week, we're recording on September 28th.
	...

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