Bloomberg Talks
Richard Clarida Talks FOMC Minutes
Feb 21, 2024
Podcast delves into historical context of Osage County and Fed's approach to interest rates and inflation. Rich Clarida discusses alignment between Fed and market expectations, productivity, and AI's impact on economy.
06:19
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Quick takeaways
- The podcast delves into the dark history of Osage County in the 1920s, illustrating how white individuals targeted the Osage people for their oil wealth.
- The discussion shifts to the Federal Reserve's cautious approach to inflation targeting and interest rate adjustments based on economic indicators.
Deep dives
The Legacy of Osage County Land Ownership
The podcast discusses the historical context of Osage County in Oklahoma, known for the setting of Martin Scorsese's film, Killers of the Flower Moon. It highlights the dark period of the 1920s Osage murders where white individuals targeted the Osage people for their oil wealth. The episode delves into the intricate ways through which white settlers acquired Osage land and riches, particularly focusing on a prominent ranching family in the region. This family's substantial landownership starkly contrasts with the Osage nation's previous ownership of the territory, posing questions about the methods used to obtain these assets.
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