What Fed rate decisions look like during election years
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 18 September 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
Today, the Federal Reserve will announce what it will do with the interest rates that steer the economy. It’ll cut them — that’s almost certain, but the question is how aggressively. The Fed is independent. Fed Chairs generally refuse to get dragged into politics, though their decisions can be politicized. We’ll look at the politics of rate decisions. Then, we’ll examine why Patagonia encourages its employees to get political.
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, I was flying for the Navy. |
| 0:09.6 | 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. |
| 0:22.6 | 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, 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, wherever you get your podcasts. |
| 0:56.6 | The steering wheel at the helm of the economy starts to turn today. |
| 1:01.8 | From Marketplace, I'm Sabrie Benashur, in for David Brancaccio. |
| 1:05.3 | Today is the day the Federal Reserve will announce what it will do with the interest rates |
| 1:10.0 | that steer the economy. |
| 1:11.4 | It'll cut them, that is almost for sure. The question is how aggressively, we'll find out. |
| 1:15.0 | The Fed is independent and Fed chairs generally refuse to get dragged into politics over these decisions. |
| 1:21.0 | The Fed's next interest rate deciding meeting in |
| 1:23.7 | November would have landed on election day, so the Fed moved it. |
| 1:27.4 | Marketplace is Nancy Marshall Gensler has this look at interest rate decisions in |
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