Why the Fed wants to keep its policies in pandemic mode
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The Federal Reserve is not expected to raise interest rates. But it turns out some of the Fed’s peers around the world are starting to put away their pandemic relief tools. Also, a major heat wave hitting the West and Southwest means the air conditioners are on and the power grids are stressed. And, North Korean leader Kim Jong Un says the food situation there is difficult and that shortages are possible.
Segments From this episode
The Fed has a dual mandate to control inflation as well as unemployment, unlike other central banks.
There are technology and consumer behavior changes that could make a difference as extreme heat becomes more common.
North Korean leader Kim Jong Un warns of possible food shortages
The BBC's Michael Bristow reports.
David Brancaccio Host
Nicole Childers Executive Producer
Victoria Craig Producer, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Engineer
Brian Allison Engineer
Alex Schroeder Digital producer
Meredith Garretson Producer
Erika Soderstrom Producer/Director