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How big will the Fed go?
Sep 16, 2024
Jerome Powell, the Chair of the Federal Reserve, joins to discuss the highly anticipated interest rate cuts, with investors divided on the extent of the decrease. He delves into the labor market's role in these decisions, shedding light on the broader economic implications. The conversation takes a twist as they explore the origins of false rumors affecting the Haitian community during a presidential debate. Powell also addresses the potential rise in costs for popular e-commerce brands, all while sharing a light-hearted look at the trials of gardening.
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Quick takeaways
- The Federal Reserve is considering a cautious approach to interest rate cuts to carefully assess labor market impacts and avoid market disruption.
- A woman's Facebook post about a missing cat highlights the dangers of misinformation, showing how quickly false rumors can escalate and affect community safety.
Deep dives
The Military's Response to Climate Change
Climate change poses significant threats, and the military is taking measures to address these concerns. Historical data shows that the Pentagon has been studying climate issues since the 1950s, recognizing that rising temperatures can put troops at greater risk. In light of the escalating climate crisis, the military is actively preparing for challenges that arise from extreme weather and environmental shifts. This preparation is seen not just as a logistical necessity, but also as a vital aspect of national security.
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