The End of the Everything Boom (Plus: The Federal Reserve's Risky Move)
Plain English with Derek Thompson
00:00
The Impact of Rising Interest Rates
This chapter examines the Federal Reserve's recent decision to raise interest rates by 0.75 percentage points, the largest increase in nearly three decades. It discusses the resulting economic implications, including higher borrowing costs and a possible recession driven by persistent inflation. The conversation further explores the long-term effects of zero interest rate policies on investment trends and consumer costs, particularly in the context of the gig economy.
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Transcript
