The Feds Dua Mandate - Why Did They Get So Much More Aggressive?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The fed raised interest rates by three quarters of a percentage point. They changed their minds because of two pretty alarming reports that were released on friday. So i think in a lot of ways, they realized 75 basis point hike was a lot more appropriate given underlying inflation trends. But real people are going to be affected by this riht that the feds dua mandate watching inflation and unemployment.

The Federal Reserve raised its benchmark policy rate by 0.75 percentage points for the first time since November 1994, and the European Central Bank says it will speed up work on a new policy tool to counter surging borrowing costs. Plus, billionaire investor Ray Dalio talks about the connections he's found between the rise and fall of markets and the rise and fall of nations.

Subscribe to the FT News Briefing on Apple Podcasts or Spotify

Mentioned in this podcast:

Fed raises rates by the most in decades to tame scorching inflation

ECB to design new bond-buying plan to tackle market turmoil

The Rachman Review with Ray Dalio

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.