“The bedrock of our economy”
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That's how Chair Jerome Powell characterized price stability today, but the Federal Reserve may have more work ahead in its quest to subdue inflation. Plus, the history behind the Fed's 12 regional banks.
Segments From this episode
What is Jay Powell looking for?
"Marketplace" host Kai Ryssdal provides context to announcement of the Fed's latest rate hike and unpacks the remarks at Jerome Powell's press conference.
Gap is the latest company to announce layoffs. Downsizing among employers reflects shifting consumer habits.
The country's three largest importers of Russian natural gas have received government bailouts, and similar actions may follow in Europe.
The good news? The world's producing enough food to feed everyone. The bad news? Getting it to hungry people is more expensive.
Alain Stephens, an investigative reporter for The Trace, breaks down the market for ghost guns.
The locations of the regional banks made sense for the economy of 1913. Populations and industries have shifted since then.