Bayan
01-16-2023, 12:33 AM
With prices on the rise in the U.S. economy, the Federal Reserve is expected to announce on Wednesday an increase in interest rates, essentially pouring a cold glass of water on the economy.
Why would the central bank do that? The answer lies in the inflation crisis of the 1970s, when a failure to react quickly enough still looms large in the memory.
Guest: Jeanna Smialek (https://www.nytimes.com/by/jeanna-smialek), a reporter covering the Federal Reserve and the economy for The New York Times.
Have you lost a loved one during the pandemic? The Daily is working on a special episode memorializing those we have lost to the coronavirus. If you would like to share their name on the episode, please RECORD A VOICE MEMO and send it to us at thedaily@nytimes.com. You can find more information and specific instructions here (https://www.nytimes.com/2022/02/03/podcasts/daily-memorial-covid.html).
Background reading:
The Federal Reserve is facing the fastest inflation (https://www.nytimes.com/2022/03/14/business/economy/powell-fed-inflation-volcker.html) most Americans have ever seen. The response may require some aggressive — and painful — measures.
What is inflation, why is it up, and whom does it hurt? Here’s what to know (https://www.nytimes.com/article/inflation-definition.html).
Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter (https://www.nytimes.com/newsletters/the-daily?module=inline).
For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily). Transcripts of each episode will be made available by the next workday.
أكثر... (https://www.nytimes.com/the-daily)
Why would the central bank do that? The answer lies in the inflation crisis of the 1970s, when a failure to react quickly enough still looms large in the memory.
Guest: Jeanna Smialek (https://www.nytimes.com/by/jeanna-smialek), a reporter covering the Federal Reserve and the economy for The New York Times.
Have you lost a loved one during the pandemic? The Daily is working on a special episode memorializing those we have lost to the coronavirus. If you would like to share their name on the episode, please RECORD A VOICE MEMO and send it to us at thedaily@nytimes.com. You can find more information and specific instructions here (https://www.nytimes.com/2022/02/03/podcasts/daily-memorial-covid.html).
Background reading:
The Federal Reserve is facing the fastest inflation (https://www.nytimes.com/2022/03/14/business/economy/powell-fed-inflation-volcker.html) most Americans have ever seen. The response may require some aggressive — and painful — measures.
What is inflation, why is it up, and whom does it hurt? Here’s what to know (https://www.nytimes.com/article/inflation-definition.html).
Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter (https://www.nytimes.com/newsletters/the-daily?module=inline).
For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily). Transcripts of each episode will be made available by the next workday.
أكثر... (https://www.nytimes.com/the-daily)