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Apr 10, 2020

The Fed makes money like magic

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Innovation from the likes of Amazon and WeWork to make the COVID-19 workplace function. Wholesale food businesses turn to door-to-door delivery. Where does the Federal Reserve find $2.3 trillion?

Segments From this episode

Wholesale food businesses ship directly to consumers to meet demand

Apr 10, 2020
With some supermarket shelves empty, food providers turn to door-to-door delivery.
Empty shelves where packets of flour would normally be stocked are pictured below half-empty egg and sugar stocks in a north London supermarket.
Isabel Infantes/AFP via Getty Images

How does the Fed find an extra $2.3 trillion?

Turns out it's much more akin to printing money than it is to borrowing.
The central bank announced yesterday it's making more money available to counteract the economic effects of the pandemic.
Karen Bleier/AFP via Getty Images

Music from the episode

The Boss Pete Rock

The team

Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Candace Manriquez Wrenn Producer/Editor
Jay Siebold Engineer
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Rose Conlon Producer
Erika Soderstrom Producer/Director