Jane loved crisps! She ate them for breakfast, lunch and dinner.

Even at Fancy Pants restaurants, years went by, but then crisps stopped doing it for her.

They got her thrown out of cinemas, and were forever in the bedsheets.

crisps! They're kind of like your current account, just because they were good ones doesn't mean you have to stick with them forever.

Maybe it's time to switch with the current account switch service.

Hello. Do you want to start? Want to get into it?

I called up Slate's Jordan Weissman to talk about interest rates.

Let me think.

And that is a Federal Reserve once again raising its key interest rate by three quarters of a point in order to beat back inflation.

Yeah, it's interesting.

I wanted Jordan to cut through the unvarnished air of panic.

I hear on cable news these days.

What are the risks?

It raises the risk that at some point at least, the Fed might overshoot and raise rates too much,

pushing the economy into a recession that perhaps didn't need to happen.

It's all the same thing, fear of recession, as the Fed doubles down on its strategy of crushing inflation

by jacking up the cost of borrowing.

Will they end up overdoing it, most likely, yes.

So they've gotten themselves into this hole, and unfortunately they don't know how to get out of this hole.

There's no ladder out of this hole.

People have to realize there's no ladder out of it.

But Jordan, he hears all this and he thinks, well, yeah, panic is part of the point here.

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