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.
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Yesterday
Want to Enjoy Music More? Go For a Run.
Ben Ratliff, a music critic and avid runner, always ran in silence. Then he discovered how music opened up to him — while running. It changed his entire approach to criticism and listening. He calls it “running the song.”Today, for the New York City Marathon, Ben talks with our h ... Show More
36m 12s
Oct 31
Martin McDonagh Has a Vision for Hope. It's Not for the Faint of Heart.
The writer-director, known for his dark and bleak work, believes in film’s power to change our lives.Thoughts? Email us at theinterview@nytimes.comWatch our show on YouTube: youtube.com/@TheInterviewPodcastFor transcripts and more, visit: nytimes.com/theinterview For more informa ... Show More
49m 59s
Oct 30
The Art of the Pardon: How Trump Turned Clemency Into a Business
In the final stretch of the midterm election campaign, polls have found that voters are latching onto the perceived corruption of the Trump administration.Kenneth P. Vogel, a New York Times investigative journalist, explores one major story line feeding that perception: how those ... Show More
33m 36s
Jan 2022
Why everything is so expensive right now
<p>Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.</p><p><br></p><p>Read more:</p><p><br></p><p>In December, inflation hit a staggering 7 percent. ... Show More
19m 22s