Marketplace is community-funded public service journalism. Give in any amount that works for you – what matters is that you give today.
Sep 19, 2017
09/19/2017: What to expect from tomorrow’s Fed meeting
Federal Reserve Board Chair Janet Yellen testified before the Senate Banking, Housing and Urban Affairs Committee this week.
Chip Somodevilla/Getty Images
The Federal Reserve has been backstopping the American economy for almost a decade with its $4 trillion pile of bonds and mortgage-backed securities it bought up during and after the financial crisis. The idea was to keep borrowing costs low and goose the whole economy. It's widely expected that the Fed's going to start unwinding its balance sheet tomorrow, letting the economy work a little more normally. So what's going to happen? Then: FEMA says fewer than 20 percent of the homes affected by Harvey carried flood insurance, and that makes recovery all the more difficult. Plus: A new study from Yale University says Americans, mostly white Americans, are just plain out of touch with how economically unequal this country is.
Segments From this episode
Courtesy of Patrice Banks/Girls Auto Clinic Repair Center
Sarah Whites-Koditschek/ for Marketplace
The Federal Reserve has been backstopping the American economy for almost a decade with its $4 trillion pile of bonds and mortgage-backed securities it bought up during and after the financial crisis. The idea was to keep borrowing costs low and goose the whole economy. It’s widely expected that the Fed’s going to start unwinding its balance sheet tomorrow, letting the economy work a little more normally. So what’s going to happen? Then: FEMA says fewer than 20 percent of the homes affected by Harvey carried flood insurance, and that makes recovery all the more difficult. Plus: A new study from Yale University says Americans, mostly white Americans, are just plain out of touch with how economically unequal this country is.
Music from the episode
Get Right Jennifer Lopez
Rolling in the Deep Adele
Island In The Sun Weezer
Pistol Pump Funk Argonaut & Wasp
Calm Down (feat. Eminem) Busta Rhymes