Shifting the economy into neutral
Nov 29, 2018

Shifting the economy into neutral

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Fed Chairman Jerome Powell's big speech Wednesday helped the markets rally, and he emphasized why it's desirable to keep interest rates neutral, but what does "neutral" mean, anyway. It's that time of the year again: when lawmakers decide on a budget and try to avoid a federal government shutdown. So, where is Congress' on their long-awaited budget fix? And with all the talk of Amazon moving into New York and Virginia, let's not forget Nashville is also part of the online behemoth's expansion into for-profit health care.

Today's show is sponsored by the University of Florida Warrington School of Business and Paypal.

Segments From this episode

What is a "neutral" interest rate?

Nov 29, 2018
Fed Chairman Jerome Powell said interest rates were just below neutral. We break down what that means.
Federal Reserve Chairman Jerome Powell speaks at the Economic Club of New York on November 28, 2018 in New York City. Following news that Powell said interest rates are close to neutral, stocks rose in afternoon trading.
Spencer Platt/Getty Images

Can Congress fix the broken process that governs government spending?

Nov 29, 2018
A bipartisan committee has spent nearly a year trying to come up with a better way to do things
The U.S. Capitol is seen in Washington, DC on Jan. 22, 2018 after the U.S. Senate reached a deal to reopen the federal government, with Democrats accepting a compromise spending bill.
MANDEL NGAN/AFP/Getty Images

Fed Chairman Jerome Powell’s big speech Wednesday helped the markets rally, and he emphasized why it’s desirable to keep interest rates neutral, but what does “neutral” mean, anyway. It’s that time of the year again: when lawmakers decide on a budget and try to avoid a federal government shutdown. So, where is Congress’ on their long-awaited budget fix? And with all the talk of Amazon moving into New York and Virginia, let’s not forget Nashville is also part of the online behemoth’s expansion into for-profit health care.

Today’s show is sponsored by the University of Florida Warrington School of Business and Paypal.

The team

Stephen Ryan Producer, BBC