PODCAST: Out-of-state tuition grab, which way will the Fed wag?

Federal Reserve Board of Governors Chairman Ben Bernanke speaks during a luncheon at the Renaissance Hotel, April 12, 2013 in Washington, DC.

It's decision day for students, and many of them will be going out of state. Who loses in this equation?

The Federal Reserve’s interest rate-setting committee wraps up a two-day meeting today. This afternoon, it will announce its next steps in shoring up the economy. The Fed has been pumping money into the economy for the past four years, buying $85 billion worth of U.S. bonds each month. The thinking is, when there’s that much cash sloshing around, interest rates will stay low. But how low and how long is anybody's guess.

Maybe you saw the ‘Google Nose’ April Fool's prank, where users clicked on 'wet dog' and sniffed their laptops to find out what it smells like. Well, new smell technology is not a joke -- or not only a joke.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.

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