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
The Fight Tearing Apart Silicon Valley
For years, a debate has been simmering in Silicon Valley over the right way to build artificial intelligence. Should it be open and free for anyone to use, or should we tightly control how it’s made and who can access it? Mike Isaac, who covers technology for The New York Times, ... Show More
26m 51s
Jul 29
Israel, AIPAC and Difficult Questions for Democrats
The American Israel Public Affairs Committee, a pro-Israel lobbying group known as AIPAC, has spent a record amount of money in this year’s midterm elections to either oust or support candidates based on their support of Israel. Jonathan Mahler, a writer for The New York Times Ma ... Show More
39m 30s
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