The history behind the Fed’s Humphrey-Hawkins hearing

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 7 March 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Federal Reserve Chair Jerome Powell will head to Congress for two days of hearings as required under the Humphrey-Hawkins Act. Today, we’ll trace the little-known history behind this important piece of legislation and explain what it has to do with the civil rights movement and Coretta Scott King. Plus, make me smiles that have us reminiscing about family.

Here’s everything we talked about today:

- “Republican Votes Helped Washington Pile Up Debt” from The New York Times

- “Inflation pressures put Powell in spotlight before Congress” from The Associated Press

- “Understanding the civil rights movement as a labor and economic movement” from Marketplace

- Full Employment and Balanced Growth Act of 1978 from GovInfo

- “Biden scraps reliance on market for faith in broader government role” from Washington Post

- “Toblerone Is Removing the Matterhorn From Its Packaging” from The Wall Street Journal

- “Virgin chicken wranglers, tired of pricey eggs, are snatching up birds” from The Washington Post

Learn more and register for the March 8 International Women’s Day virtual event with Kimberly: marketplace.org/womensday

Transcript

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0:27.2	Whether your dog is in their puppy adult or senior years, there's nothing better than
0:35.5	more years together.
0:37.0	And the best way to feed their happy healthy life is with fresh healthy food.
0:40.9	The farmer's dog makes it easy to keep your best friend healthy inside and out, with
0:45.4	fresh recipes made from real meat and veggies.
0:47.8	Their pre-portion just for your pup and delivered right to your door.
0:51.5	Help your dog live a healthy life and get 50% off your first box of real fresh food.
0:56.2	At the Farmersdog.com slash Time Together 23.
1:00.2	Right, okay, let us do the thing.
1:03.2	Alright, let's do the thing.
1:05.2	Oh my, you're just at wasting no time.
1:10.6	Welcome everyone to another week here at Make Me Smart where we make today make sense.
1:15.2	I'm Kimberly Adams.
1:17.2	I'm Kyle Rizzo, we are only mildly disheveled today.
	...

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