The Federal Reserve’s fork in the road

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 3 July 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Federal Reserve has a decision to make: cut interest rates to help the slackening job market and risk the progress it’s made in cooling inflation, or keep rates high — which could push unemployment up. In this episode, we’ll explain the economic inflection point and why interest rates don’t have the relationship to the labor market they once had. Plus, the presidential debate bumped up bond yields, the “beer industry” encompasses all types of drinks and customers nowadays, and one woman recalls her first 9-to-5.

Transcript

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0:59.0	Honestly, what's a Wednesday without a detour into the bond market, huh?
1:07.0	From American public media.
1:10.0	This is In Los Angeles, I'm Kaer Risdol. It is Wednesday, today the third day of July.
1:25.6	It is always to have you long, everybody. We are in this economy right now at something of an inflection point,
1:32.0	a tipping point, perhaps perhaps as we digest the latest data and, yes, vibes out there.
1:39.2	By we, of course, I don't mean us, I mean the Federal Reserve, which is looking at a labor market that is slowing
1:45.2	slowly and an economy that is actually doing the same thing if the Central Bank decides
1:50.7	soon-ish to cut interest rates that could help the cooling job
1:55.1	market and the cooling economy would not really do much though to help them get
1:59.2	inflation down to the 2% that they have been aiming for these past few years.
2:04.5	That has been the tradeoff for decades now actually.
2:06.3	The tension in the two things the Fed is required by law to do.
	...

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