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Jun 11, 2020

Fed reacts to inequality, high unemployment

America’s top economic policymakers at the Federal Reserve think the COVID-19 economy will linger on. How the U.S. shelters homeless people during a pandemic. And, how Starbucks has been hit the decline in commuting.

"We will use our tools to support maximum employment and take that definition to heart," Fed Chair Jerome Powell said Wednesday. — "We will use our tools to support maximum employment and take that definition to heart," Fed Chair Jerome Powell said Wednesday.
Federal Reserve via Getty Images

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Segments From This Episode

Amid bleak economic projections, Fed votes to keep interest rates near zero
by David Brancaccio, Nancy Marshall-Genzer and Alex Schroeder
Mandel Ngan/AFP via Getty Images
The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.
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With commuting down, fast-food breakfast sales have slowed
by Justin Ho
Justin Sullivan/Getty Images
Starbucks and other companies are now competing over delivery and takeout convenience.
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Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director