Jan 26, 2022

The Fed’s gonna do what the Fed’s gonna do

It's a big week for Jay Powell and the Fed. Alex Wong/ Getty Images

Which is a lot of considering and a lot of signaling.

Segments From this episode

No need for FOMC FOMO

Today, we’ll dig into the highlights of the Federal Open Market Committee meeting.

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The statistic Fed Chair Powell uses to keep an eye out for wage inflation

by Mitchell Hartman

Jan 26, 2022

The central bank will scrutinize the employment cost index for 2021’s fourth quarter for signs that rising pay could fuel rising prices.

Federal Reserve chief Jerome Powell has turned his efforts toward containing inflation. The employment cost index is one of the economic indicators the Fed examines in setting monetary policy.

Graeme Jennings-Pool/Getty Images

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Germany sees a gas pipeline under the Baltic as a commercial project. Russia may see it as a leverage.

by Andy Uhler

Jan 26, 2022

The Nord Stream 2 pipeline would get Russian gas to Germany without going through Ukraine.

The Nord Stream 2 pipeline complicates relations between Germany, Russia and Ukraine.

John Macdougall/ Getty Images

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Federal Reserve considers pros and cons of digital currency

by Matt Levin

Jan 26, 2022

Here's how you'd buy a Mountain Dew and a Slim Jim with digital cash.

Just like cash, the value stored in a digital dollar would be instantly accessible to stores. But are Americans willing to kiss their greenbacks goodbye?

Tamer Soliman/Getty Images

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As more people seek recreation outdoors, backcountry rescues are on the rise

by Madelyn Beck

Jan 26, 2022

Many volunteer rescue groups had an increase in calls last year.

Idaho Mountain Search and Rescue Unit volunteers extract a person portraying a lost snowshoer during a training exercise.

Madelyn Beck/Mountain West News

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Hawaiian boat tour owner is "carefully rebuilding" after tsunami damage

by Kai Ryssdal and Andie Corban

Jan 26, 2022

Sea Quest Hawaii's business was already down 30% from omicron when the tsunami caused $100,000 in damage to its office.

Sea Quest Hawaii

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Music from the episode

Hypercolor goosetaf, anbuu, chromonicci

3 on E Vulfpeck, Antwaun Stanley

Cirrus Bonobo

Uncle ACE Blood Orange

The Journey Tom Misch

Good Will Come to You Fruit Bats

Ooh Wee (feat. Ghostface Killah, Nate Dogg, Trife & Saigon) Mark Ronson, Ghostface Killah, Nate Dogg, Trife, Saigon

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

Dylan Miettinen Associate Digital Producer

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