What the Fed can’t do

Sep 17, 2020

What the Fed can’t do

Fed Chair Jerome Powell testifies during a hearing on Capitol Hill in June. The Fed has improved their outlook, one analyst said. Tasos Katopodis/Getty Images

Fed Chair Jerome Powell offered a dreary assessment of the economy after his policymaking team's last interest rate meeting before the elections. And, how homebuilders are trying to recruit more workers amid growing demand for new houses.

Segments From this episode

Fed plans to keep interest rates near zero through 2023. What else can it do for the economy?

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder

Sep 17, 2020

Fed Chair Jerome Powell said another relief package from Congress will likely be needed.

The Fed can't make grants. That's Congress' job. "These are lending powers, not spending powers," Fed Chair Jerome Powell said Wednesday.

Brendan Smialowski/AFP via Getty Images

LISTEN

EMBED

SUBSCRIBE

The homebuilding industry still needs thousands of workers, and it's looking in new places to hire

by Amy Scott

Sep 17, 2020

A training program for high school students in the juvenile justice system aims to expand the pool of candidates for entry-level jobs.

A construction worker roofing an apartment complex in Uniondale, New York. Construction, generally considered essential, has continued in the pandemic.

Al Bello/Getty Images

LISTEN

EMBED

SUBSCRIBE

The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Brian Allison Engineer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

Latest Episodes From Our Shows

8:28 AM PDT

1:05

8:10 AM PDT

7:23

3:08 AM PDT

8:23

Apr 24, 2024

19:41

Apr 24, 2024

29:02

Apr 23, 2024

28:20

Apr 18, 2024

41:35

The TikTok ban is poised to make the U.S.-China divide even starker

The TikTok ban is poised to make the U.S.-China divide even starker

The WIC family food program is getting a refresh, but requirements are still tough to navigate

The WIC family food program is getting a refresh, but requirements are still tough to navigate

Why does the world want dollars? Because of high interest rates, thriving economy in U.S.

Why does the world want dollars? Because of high interest rates, thriving economy in U.S.

Recent college grads see rise in unemployment

Recent college grads see rise in unemployment