Whaddya wanna know about the Fed’s move to cut interest rates?
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 3 October 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
After the Federal Reserve’s recent move to cut interest rates, you had questions. Lots of them! Today, we’re answering your questions about why the Fed doesn’t hold more meetings, why it tends to adjust interest rates in quarter-percentage-point increments, and why it’s target inflation rate is 2%. Plus, Kai Ryssdal unpacks the wonky relationship between the federal funds rate and the Treasury bond market.
Here’s everything we talked about today:
- “Introduction to the FOMC” from the Federal Reserve Bank of St. Louis
- “A brief history of the Federal Reserve’s emergency rate shifts” from The Los Angeles Times
- “Why does the Federal Reserve raise rates in quarter percentages?” from Marketplace
- “Federal Reserve issues FOMC statement of longer-run goals and policy strategy” from the Federal Reserve
- “Why the Fed Targets a 2 Percent Inflation Rate” from the Federal Reserve Bank of St. Louis
- “The Fed cut rates, but the yield on the 10-year T-note is up” from Marketplace
- “How Might Increases in the Fed Funds Rate Impact Other Interest Rates?” from the Federal Reserve Bank of St. Louis
Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
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. |
| 0:55.1 | I believe, Mr. Thorpe, I am, uh, ready. |
| 1:01.4 | I just kind of assumed you were Kimberly. |
| 1:03.0 | I am. |
| 1:04.0 | Hey everybody I'm Kott Rizdahl welcome back to make me smart where we make today makes |
| 1:09.2 | sense. |
| 1:10.2 | And I'm Kimberly Adams. |
... |
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