Planet Money: A Time to Be Reckless

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Podcast

Podcaster

Planet Money

The economy explained.

Englisch , Wirtschaft , Nachrichten

Beschreibung

vor 17 Jahren

On Tuesday, the Federal Reserve cut its key interest rate to the lowest on record. On Wednesday, Simon Johnson, former chief economist of the International Monetary Fund, explains what the federal funds target rate is, why anyone would want to chande, how you do that, and what it means. Bonus: He loves the Mardi Gras feel of it.