News
Are we in an economic 'doom loop'? : The Indicator from Planet Money
1+ hour, 52+ min ago (215+ words) Trade wars. Financial panics. Inflation. How come it feels like it's all bad news in the global economy these days? Economist Eswar Prasad's answer: something he calls the "doom loop.' That's where massive geopolitical and economic forces feed off each…...
Just how bad are these job numbers? : The Indicator from Planet Money
3+ day, 1+ hour ago (292+ words) It's a weird time for jobs numbers. Another month, another jobs report pushed back by the Bureau of Labor Statistics. Averaging two private sources, ADP and Revelio Labs: an estimated 4,500 jobs were added in January. Sounds like " not many.And,…...
5 papers from the Super Bowl of Economics
5+ day, 22+ hour ago (1518+ words) Planet Money staffers at the annual AEA meeting Nick Fountain/NPR hide caption For most Americans, the Super Bowl is this Sunday. But for several of us at Planet Money, and several thousand economists from all around the world, our…...
#2610: Runaway Inflation : The Best of Car Talk
6+ day, 1+ hour ago (120+ words) Pete from Nashville is really worried about inflation. Not the kind that hurts your wallet, but the kind that takes your head off. He's suffering from "lasticophobia'. Is filling up your tires to the point of explosion a reasonable worry?...
America's next top Fed Chair : The Indicator from Planet Money
1+ week, 1+ hour ago (212+ words) Kevin Warsh has been tapped as the next chair of the Federal Reserve. We're sure that he'll have a lot of questions about how to run the Fed if confirmed. So we put together this briefing.On today's show, three…...
What to know about Kevin Warsh, President Trump's proposed Fed chair
1+ week, 2+ day ago (457+ words) President Trump announced he plans to nominate Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. Gene Sperling, former director of the National Economic Council, weighs in. So what might Kevin Warsh look like as the chair…...
Trump taps Kevin Warsh to lead the Federal Reserve
1+ week, 2+ day ago (789+ words) President Trump plans to nominate former central banker Kevin Warsh to be the next chair of the Federal Reserve, in hopes that Warsh will follow his roadmap towards much lower interest rates. Warsh served on the Fed's governing board from…...
A longtime Federal Reserve watcher on Kevin Warsh's nomination to be next chair
1+ week, 2+ day ago (237+ words) David Wessel of Brookings tells NPR's Steve Inskeep that Warsh has been critical of the Fed in recent years and is promising a shakeup. Let's talk through this appointment now with David Wessel. He's the author of a book called…...
Trump thinks a weaker dollar is great for America. Is he right?
1+ week, 2+ day ago (694+ words) The dollar continues to sink " but is that a good thing for the U.S. economy? President Trump seems to think so. On Tuesday, he said he welcomed the decline. Compared against a basket of major foreign currencies, the dollar is now…...
Federal Reserve votes to hold rates steady despite pressure from Trump
1+ week, 3+ day ago (360+ words) President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation. The cost of borrowing money is holding steady…...