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Today, Explained

The return of easy money

Today, Explained

Vox

Daily News, Politics, News

4.49.5K Ratings

🗓️ 17 September 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

The Federal Reserve is set to make its first interest rate cut since the pandemic ended. Marketplace's Kimberly Adams explains how the move could impact the US economy and politics. This episode was produced by Miles Bryan, edited by Matt Collette and Miranda Kennedy, fact-checked by Laura Bullard, engineered by Patrick Boyd and Andrea Kristinsdottir, and hosted by Noel King. Transcript at vox.com/today-explained-podcast Support Today, Explained by becoming a Vox Member today: http://www.vox.com/members Photo by Elijah Nouvelage/Bloomberg via Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Happy interest rate cut week to all who celebrate.

0:07.0

So the feds are supposed to cut rates this Wednesday.

0:09.8

We've all been waiting for it.

0:11.2

Everybody's been going crazy.

0:12.4

It's like, oh my God, my life's going to change,

0:14.4

when the feds cut rates, I don't have so much money in my pocket.

0:17.4

Fed Chair Jerome Powell, you want to say a few words?

0:19.6

The time has come for policy to adjust. Inspired and inspiring, thank you, sir.

0:25.0

The Fed is expected to announce a rate cut tomorrow,

0:29.0

a move it hasn't made since March of 2020

0:31.0

when we were in our pandemic era. After that the Fed spent years

0:34.8

raising rates to fight inflation. So what does a rate cut mean for you? It could mean

0:39.5

lower mortgage payments, cheaper car loans, cheaper business loans, all that and more coming up on today explained.

0:45.3

I might not have money for food or to hang out with my friends, but I always have money

0:54.7

more candles.

0:56.5

I always have money for candles.

1:00.8

Support for this show comes from Pendo.

1:03.0

Pendo improves the apps your customers and employees rely on.

1:06.0

Whether you're building applications for customers or managing applications for employees,

1:10.0

Pendo can help deliver better experiences for your users so they can get more value from your software.

1:15.1

Visit pendo.io slash podcast to learn more about how your team can use Pendo to start building

1:20.0

better digital experiences. There you can also check out Pendo's lineup of free certification

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