Mar 3, 2020

There’s only so much the Fed can do

Federal Reserve Board Chair Jerome Powell speaks during a news conference. Photo by Samuel Corum/Getty Images

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

by Nancy Marshall-Genzer

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

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How the Fed responds to crisis

by Kai Ryssdal and Sean McHenry

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

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COVID-19

Gig workers are vulnerable in an outbreak

by Meghan McCarty Carino

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

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COVID-19

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

by Kai Ryssdal and Bennett Purser

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)

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Music from the episode

Dangerous (feat. Joywave) Big Data, Joywave

Rising Son Takuya Kuroda

Redbone Childish Gambino

Sun Dress Freddie Joachim

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Sean McHenry Director & Associate Producer II

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