That pesky government shutdown will complicate monetary-decision making, says Chicago Fed president Austan Goolsbee. Plus: food dyes, fiscal years, and funding for small businesses.
“Marketplace” host Kai Ryssdal spoke with Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, about Fed independence, what the government shutdown means for federal data, and inflation risks.
The current labor market and a potential shutdown are red flags, yes. But consumer and business spending remain a bright spot. Plus: Agentic shopping, sensory-friendly haircuts, and lumber tariffs.
Americans are spending more money than they’re making due to tariff-induced cost pressures. Plus: ICE raids on businesses, Olympic surfing, and an LA artist.
Dramatic interest rate cuts could lead to falling bond yields and an increase in spending, in the short term. Plus: In-store ads, a traveling nurse, and AI tools for tariff calculations.
Stubborn inflation and strong consumer spending means retailers can raise their prices. Plus: H-1B visas, the TikTok algorithm, teen factory training, and the farm bill.
