Segments From this episode
Kai Ryssdal spoke with a former Fed governor about what it's like to be in the room when the FOMC makes a major decision.
A global economic meltdown caused the last rate cuts. Today, the economy is far from that point.
The Federal Reserve just announced it’s cutting interest rates. But in many parts of the world, interest rates are in negative territory. Given the right circumstances, U.S. rates could go negative, too.
It involves "sneaker heads," venture capital and a lot of online sales.