Questions about inflation, questions about the queen
Inflation is still high (sigh), which means the Federal Reserve will raise interest rates again next week. One listener is wondering why the Fed has pursued incremental rate hikes as opposed to one jumbo increase. We’ve got answers! Plus, why is the Fed’s inflation target 2% anyway, and what does it have to do with New Zealand? Then, questions about the queen, the Commonwealth and currency!
Here’s everything we talked about:
- “Why does the Federal Reserve aim for inflation of 2 percent over the longer run?” from The Federal Reserve
- “Of Kiwis and Currencies: How a 2% Inflation Target Became Global Economic Gospel” from The New York Times
- “The Fed’s inflation target comes from a casual remark on New Zealand TV” from Quartz
- “The queen’s death opens the floodgates on self-rule campaigns” from Politico
- “Queen Elizabeth is featured on several currencies. Now what?” from The Associated Press
Keep sending your questions. We’re at makemesmart@marketplace.org or leave us a voice memo at 508-U-B-SMART.
Stories You Might Like
None of us is as smart as all of us.
No matter how bananapants your day is, “Make Me Smart” is here to help you through it all— 5 days a week.
It’s never just a one-way conversation. Your questions, reactions, and donations are a vital part of the show. And we’re grateful for every single one.
