Powell’s points presentation: the Fed raises rates

Prices in America are rising faster than at any time in the past 40 years. In response, the <a href="https://www.economist.com/leaders/the-federal-reserve-is-causing-pain-in-financial-markets/21809132?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">Federal Reserve</a> has made its steepest interest-rate hike in 20 years. Will it be enough to tame inflation while not tipping America into recession? <a href="https://www.economist.com/1843/2022/04/26/locked-down-in-shanghai-ive-caught-a-glimpse-of-our-techno-dystopian-future?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">Shanghai’s residents</a> are growing restive after a long lockdown. And <a href="https://www.economist.com/middle-east-and-africa/2022/04/21/making-money-from-nelson-mandelas-name?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">Nelson Mandela’s name</a> and legacy are being used to sell a growing range of consumer goods. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>