Mar 3, 2020

There’s only so much the Fed can do

In a COVID-19 outbreak, what if the economy needs more than the Fed can give? Plus, the reaction from the G-7 and the Treasury.

Segments From this episode

A short-staffed IRS is trying to reform

Mar 3, 2020
The IRS is trying to modernize its computer systems and improve customer service — with a smaller budget and workforce.
The Internal Revenue Service Building in 2008.
Shashi Bellamkonda

How the Fed responds to crisis

Mar 3, 2020
Kai Ryssdal spoke with former member of the Federal Reserve Board Daniel Tarullo about today's emergency rate cut.
Federal Reserve Chair Jerome Powell announcing a half percentage point interest rate cut this morning.
Mark Makela/Getty Images

Gig workers are vulnerable in an outbreak

Mar 3, 2020
They interact with the public and handle food, but often have no safety net to fall back on.
Most gig workers don't get any paid sick days.
Mario Tama/Getty Images

What central banks were really saying about their response to COVID-19

Mar 3, 2020
When it comes to the global economic outlook, words matter.
Stocks fell on Wall Street as global concerns over the financial impact from the coronavirus drove investments down.
(Photo by Spencer Platt/Getty Images)

Music from the episode

Dangerous (feat. Joywave) Big Data, Joywave
Rising Son Takuya Kuroda
Redbone Childish Gambino
Sun Dress Freddie Joachim
Sun Dress Freddie Joachim

The team

Nancy Farghalli Executive Producer
Bridget Bodnar Producer
Daisy Palacios Producer
Sean McHenry Associate Producer
Maria Hollenhorst Associate Producer