On today’s show: What the plan means for the recovery. Plus, a conversation with outgoing FCC Chairman Ajit Pai.
“Marketplace” host Kai Ryssdal talks with Bloomberg’s Jordyn Holman and The New York Times’ Jeanna Smialek about President-elect Joe Biden’s stimulus plan and Federal Reserve Chair Jerome Powell’s latest remarks on future monetary policy.
They’ve been raking in money thanks to the strong stock market, companies’ appetite for debt and initial public offerings.
A plan to return the mortgage giants to private control was complicated by the pandemic’s economic risks.
Pai says Congress needs to legislate rules so that agency regulations, like net neutrality, don’t swing with the leader’s political affiliation.
The average selling price of new vehicles reached a record high in late 2020. Last year also saw vehicle loan debt increase to record levels.