Mar 23, 2023

Happy rate hike-iversary!

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This month marks a year since the Federal Reserve started raising interest rates to curb inflation. Today we'll take stock of where we are.

Segments From this episode

It's been one year since the Fed started raising interest rates to curb inflation

by Kristin Schwab

Mar 23, 2023

Back then it seemed like inflation might be what economists call "transitory." But here we are.

Economist Laurence Ball said many people including Fed Chairman Jerome Powell dismissed the inflation issue initially.

Chip Somodevilla/Getty Images

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Why some countries' central banks follow the Fed's lead

by Nancy Marshall-Genzer

Mar 23, 2023

The U.S. Federal Reserve coordinates some operations — sometimes even interest rates changes — with other central banks. Here's how that works.

The Federal Reserve sometimes coordinates interest rate changes with other countries because in a global economy, it can’t achieve low inflation and maximum employment alone.

Kevin Dietsch/Getty Image

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Ford on EVs: Think of us as a startup

by Samantha Fields

Mar 23, 2023

The company expects to lose another $3 billion this year in its transition from internal combustion cars to electric.

Ford expects its EV business to start turning a profit by 2026. Above, an electric F-150 charges.

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EVs are far from standardized. For mechanics, that's an issue.

by Kai Ryssdal and Sarah Leeson

Mar 23, 2023

When your EV is no longer under warranty, who fixes it?

EVs are getting more and more commonplace on the road, so they'll also be more and more common at your local garage.

Ben Stansall/AFP via Getty Images

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Banks in Turmoil

Bank failures have some small business owners re-thinking their own banking arrangements

by Justin Ho

Mar 23, 2023

The failures of Silicon Valley Bank and Signature Bank have rattled some small business owners, even though contagion hasn’t spread to smaller banks.

Treasury Secretary Janet Yellen speaks at the American Bankers Association Washington Summit on March 21, 2023 in Washington, DC.

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With modern chatbots, AI weirdness reaches new heights

by Kai Ryssdal and Maria Hollenhorst

Mar 23, 2023

Artificial intelligence researcher and blogger Janelle Shane explains modern chatbot behavior.

AI researcher and blogger Janelle Shane tried to convince ChatGPT to impersonate a squirrel. The results revealed some bugs in AI chatbots.

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The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

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