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 ... Show More
Apr 17
A Week of Scandal, Reckoning and Resignations in Congress
Warning: This episode discusses suicide. This week, Congress was on the cusp of doing something that has never happened in U.S. history: forcibly removing four House members. Two of those members resigned. Michael Gold, who covers Congress, explains what unfolded on Capitol Hill, ... Show More
26m 21s
<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
