Oct 5, 2022

A central question for the central bank

Jerome Powell, chair of the Federal Reserve Win McNamee/Getty Images

Some economists are critical of the Fed raising interest rates so rapidly. But what else can the central bank do? Today, we dive in.

Segments From this episode

As transportation bottlenecks clear, supply chains face shortage of warehouse space

by Justin Ho

Oct 5, 2022

Warehouse rents are soaring while transportation costs are plummeting.

Prices to rent warehouse space have been surging nationally, says Jason Tolliver with the real estate firm Cushman & Wakefield.

Jeff Schear/Getty Images for Walmart

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As the Fed cranks up interest rates, critics ring warning bells

by Kai Ryssdal , Sean McHenry and Anais Amin

Oct 5, 2022

Some economists and policy advisers fear that the Federal Reserve's rapid hikes could tip the global economy into a painful recession.

Federal Reserve Chair Jerome Powell speaks on Sept. 21, after the central bank decided to raise rates by 75 basis points for the third consecutive time.

Drew Angerer/Getty Images

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Global trade could slow down in the coming year, WTO says

by Savannah Peters

Oct 5, 2022

The World Trade Organization predicts economic shocks like higher interest rates and energy prices will slow the growth of global trade in 2023.

The WTO now estimates global trade will grow by just 1% in the coming year.

Gregor Fischer/Getty Images

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COVID-19

Locked out of China by its zero-COVID policy, their lives changed course

by Jennifer Pak

Oct 5, 2022

China’s borders shut in March 2020 to contain COVID-19. It's been rough for people who made a life in China but were forced to leave.

China's rigorous COVID restrictions have made it difficult for some residents to return. Above, a woman at Hong Kong International Airport makes her way to hotel quarantine on Sept. 23.

Isaac Lawrence/AFP via Getty Images

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Are computers ruining chess?

by Kai Ryssdal and Maria Hollenhorst

Oct 5, 2022

A controversy involving one of the game's rising stars has sparked debate about creativity.

Magnus Carlsen during a chess tournament in 2021. Carlsen recently accused another grandmaster, Hans Niemann, of cheating.

Dean Mouhtaropoulos/Getty Images

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Music from the episode

Bambu Chris Hazelton's Boogaloo 7

Life in the Tropics Cienfue

Black Sands Bonobo

Natural Green Blazo

Stella Here We Go Magic

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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