The Fed Raised Rates. Here's What It's Fighting. | Off The Clock
Summary
Justin Wolfers and Stacy Vanek Smith discuss the Federal Reserve's unanimous decision to raise interest rates, analyzing Kevin Warsh's shift toward hawkish independence amidst political pressure. They explore the tension between rising inflation and affordability, contrasting macroeconomic data with the real-world financial struggles of consumers. The episode also features a "Chart vs. Chart" segment and a deep dive into the economic and political implications of US-Canada trade relations.
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