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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Sep 15
The Bond Market Is Flipping Out. Here’s Why You Should Care.
For the past few months, you’ve probably been hearing about the turbulence in the bond market.Today, Ben Casselman, the chief economics correspondent for The New York Times, explains what has been happening, and why it matters.Guest: Ben Casselman, the chief economics corresponde ... Show More
28m 28s
Sep 14
The A.I. Researcher Whose Rebellion Is Changing Everything
In recent days, Jacob Coxon, a researcher at the artificial intelligence company Anthropic, quit his job and posted warnings about the risks of the technology. That kicked off a crisis that culminated in a call by prominent leaders of the industry to slow down A.I. development.He ... Show More
34m 13s
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