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May 13, 2020

Fed Chair calls for more emergency spending

Jerome Powell is urging Congress and the White House to spend more money to prop up the economy. Brands are reportedly cutting back spending for TV ads. County officials in Michigan have temporarily stopped foreclosing on properties for unpaid taxes.

Jerome Powell, chair of the Federal Reserve, is arguably the most powerful single policymaker in the country. — Jerome Powell, chair of the Federal Reserve, is arguably the most powerful single policymaker in the country.
Federal Reserve via Getty Images

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Segments From This Episode

Big brands are telling TV networks they might not be buying as many ads as planned
by David Brancaccio, Candace Manriquez Wrenn, Rose Conlon and Alex Schroeder
Pixabay
More people are at home watching, but there’s a lot of uncertainty about the future of TV programming.
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Detroit hits pause on tax foreclosures to help homeowners during COVID-19
by Eli Newman
Eli Newman
Wayne County estimates roughly 10,000 properties were scheduled for tax foreclosure this year, including about 3,200 owner-occupied homes.
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Music from the episode

The Team

Fed Chair calls for more emergency spending