Kai Ryssdal spoke with Daniel Tarullo, who served on the Federal Reserve Board for more than eight years, about growing dissent within the FOMC.

“Marketplace” host Kai Ryssdal spoke with Austan Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, about Fed independence, what the government shutdown means for federal data, and inflation risks.

If investors lose faith in the Fed, they may start demanding higher yields on long-term bonds. That could lead to an increase in the interest rate for mortgages, government debt and more.

“I continue to hold out hope that the administration, the Supreme Court, they don’t want an economic recession,” says legal expert Leah Litman.

Kai Ryssdal explores what would happen to the global economy if the Federal Reserve lost its autonomy.

Because there happens to be an election on the Tuesday when the Fed would normally meet.