That’s how Chair Jerome Powell characterized price stability today, but the Federal Reserve may have more work ahead in its quest to subdue inflation. Plus, the history behind the Fed’s 12 regional banks.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on September 21, 2022 in Washington, DC.
“Marketplace” host Kai Ryssdal provides context to announcement of the Fed’s latest rate hike and unpacks the remarks at Jerome Powell’s press conference.
What corporate layoffs tell us about the economy
by Kristin Schwab
Allison Dinner/Getty Images
Gap is the latest company to announce layoffs. Downsizing among employers reflects shifting consumer habits.
Germany is nationalizing its largest gas utility, Uniper
by Lily Jamali
Lukas Schulze/Getty Images
The country’s three largest importers of Russian natural gas have received government bailouts, and similar actions may follow in Europe.
Biden pledges an additional $2.9 billion in aid to help fight the global food crisis
by Samantha Fields
Anna Moneymaker/Getty Images
The good news? The world’s producing enough food to feed everyone. The bad news? Getting it to hungry people is more expensive.
How gun dealers are skirting Biden’s new ghost gun rule
by Kai Ryssdal and Andie Corban
Gabriel Bouys/AFP via Getty Images
Alain Stephens, an investigative reporter for The Trace, breaks down the market for ghost guns.
The Federal Reserve’s 12 districts reflect an economy that no longer exists
by Justin Ho
Drew Angerer/Getty Images
The locations of the regional banks made sense for the economy of 1913. Populations and industries have shifted since then.
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