The Indicator from Planet Money The Fed cuts rates, America's FICO dips, and forever ends for sweepstakes winners
29 snips
Sep 19, 2025 This week features a dramatic 0.25% rate cut by the Federal Reserve, revealing internal tensions within the institution. The average American's credit score is slipping to 715 due to rising student loan delinquencies. Meanwhile, winners of giant sweepstakes may find their 'lifetime' payouts at risk, as the Publishers Clearinghouse faces bankruptcy. Tune in for insights on these intriguing economic indicators!
AI Snips
Chapters
Transcript
Episode notes
Fed Rate Cut Amid Political Tension
- The Fed cut interest rates by 0.25 percentage points, with one dissenter calling for a 0.5 point cut.
- The decision occurred amid unusual political pressure and turnover on the Fed's voting committee.
New Appointee Sought Bigger Cut
- Trump-appointed Fed member Stephen Moore dissented, wanting a half-point cut and had just joined the committee.
- The episode highlights growing tensions and unusual voting dynamics at the Fed.
Legal Battle Over Fed Governor
- The Trump administration tried to remove Fed governor Lisa Cook and alleged mortgage fraud, but courts allowed her to remain.
- Her continued participation and the administration's emergency Supreme Court request add further uncertainty to Fed governance.