Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, on why he supports this week’s rate hike.

The central bank is raising its key interest rate by three-quarters of a percentage point.

It all dates back to the financial crisis of 2008-09.

“It’s hard to find a clear reason to have [a CBDC], and, in fact, there are a lot of reasons not to,” says the Roosevelt Institute’s Chris Hughes.

For those who understand Fed lingo, the minutes can hint at divisions or disagreements, and where Fed policy may be headed.

Here in the U.S., the Fed is trying to cool an overactive economy. In China, the goal is to juice one that’s flagging.

“I think it’s important to look back at history,” said the former leader of the U.S. central bank.

Former Federal Reserve chairman Ben Bernanke’s new book charts a history of “remarkable innovation and change.”

“I think the one thing we really cannot do is to fail to restore price stability,” Powell told Kai Ryssdal.

In some ways, falling prices would actually be bad news for the economy.