The Fed says go big or go home
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 18 September 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
The Federal Reserve today said it’s lowering its benchmark interest rate by half a percentage point. The rate cut is bigger than we’d predicted, and bigger than what the Fed normally does, but its effects will take some time to ripple through the economy. We’ll also get into former President Donald Trump’s switch-up on the state and local tax deduction cap and why Sen. Rand Paul wants Congress to reclaim power over tariffs.
Here’s everything we talked about today:
- “Federal Reserve lowers interest rates by 0.50 percentage points in first cut since 2020” from CBS News
- “Dr. Rand Paul Celebrates Constitution Day with the No Taxation Without Representation Act” from Sen. Rand Paul
- Tweet from Burgess Everett about Rand Paul’s tariff proposal
- “Trump signals SALT deduction cap reversal” from Axios
- “Schumer calls out Trump for ‘selective amnesia’ on SALT” from The Hill
- “NPR Exclusive: U.S. overdose deaths plummet, saving thousands of lives” from NPR
We love to hear from you. Email your comments and questions to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Hi I'm Kai Rizdahl the host of How We Survive |
| 0:03.4 | It's a podcast from Marketplace. In 1986, before I was a journalist, |
| 0:08.3 | I was flying for the Navy. |
| 0:09.7 | Mr. Gorbachev, tear down this wall. |
| 0:14.4 | It was the cold war, and my first deployments were intercepting Russian bombers. |
| 0:18.6 | Today, though, there's another threat out there, climate change. |
| 0:22.5 | This could be the warmest year on record. |
| 0:24.6 | Climate change is here. |
| 0:25.7 | Temperatures here are warming faster than anywhere on Earth. |
| 0:29.5 | And while the threat seems new, |
| 0:31.6 | the Pentagon's been funding studies on climate change since the 1950s. |
| 0:35.9 | I think we will put our troops and our forces at higher risk if we don't recognize the impact of climate change. |
| 0:44.7 | This season, we go to the front lines of the climate crisis |
| 0:47.5 | to see how the military is preparing for the threat. |
| 0:51.0 | Listen to how we survive, |
| 0:52.3 | wherever you get your podcasts. |
| 0:55.0 | Just mostly dead, not completely dead. |
| 0:59.0 | Anyway. |
| 1:00.0 | Hello everybody, I'm Kyle Rosedon. |
| 1:02.0 | Welcome back to Make Me Smart, where we make today make sense. |
| 1:05.0 | And I'm Kimberly Adams. Thank you for joining us on this Wednesday to September 18th. |
| 1:10.0 | We will do what we do on a Wednesday which is what we do on Mondays and I guess that's the only day we do two things |
... |
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