Why Biden picked Powell
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 23 November 2021
⏱️ 17 minutes
🧾️ Download transcript
Summary
President Joe Biden says he wants to reappoint Jerome Powell to serve as chair of the Federal Reserve for a second term. It’s a big deal, but it wasn’t unexpected. We’ll explain the political calculus behind the decision. Plus, we’ll highlight a few long reads you may have missed over the weekend, including one about how China is winning the clean energy contest. And a “Turducken”-inspired Thanksgiving dessert, plus we ask listeners to share their version of a “Turducken” Thanksgiving cocktail.
Here’s everything we talked about today:
- “President Biden’s Appointments for the Federal Reserve” from The New York Times
- “How the U.S. Lost Ground to China in the Contest for Clean Energy” also from The New York Times
- “Why Japan Appears Immune to Global Inflation Surge, So Far” from The Wall Street Journal
- “‘Buy the Constitution’ Aftermath: Everyone Very Mad, Confused, Losing Lots of Money, Fighting, Crying, Etc.” from Vice
- “The Amazon lobbyists who kill US consumer privacy protections” from Reuters
- “US lawmakers call for privacy legislation after Reuters report on Amazon lobbying” more from Reuters
- “Amazon Leaks” from Reveal
- “Kenosha protesters demonstrate Sunday after Rittenhouse acquittal” from the Milwaukee Journal Sentinel
- Check out these really funny photos of animals in the wild
- The Wongducken
Tomorrow, we’re doing a deep dive into the Federal Reserve. If you have a question about the central bank and how it works, send a voice memo or give us a call at 508-82-SMART (508-827-6278).
Transcript
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| 0:00.0 | Hey Marketplace fan, Kimberly here. |
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| 0:35.0 | I don't mind me, I'm just googling my medical condition, that's all. |
| 0:45.2 | So, I am. |
| 0:47.2 | I've got left knee pain and I'm all about trying to figure it out without having to go |
| 0:51.3 | see it. |
| 0:52.3 | Anyway, I'm caught with all. |
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| 0:59.3 | Anyway, welcome back to Make Me Smart. |
| 1:00.9 | Making the day make sense. |
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... |
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