Happy rate hike-iversary!
Mar 23, 2023

Happy rate hike-iversary!

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

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

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

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

Ford on EVs: Think of us as a startup

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.
Spencer Platt/Getty Images

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

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

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

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.
Drew Angerer/Getty Images

With modern chatbots, AI weirdness reaches new heights

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.
Chip Somodevilla/Getty Images

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