To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices.The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that inflation is a permanent feature of the economy, that might become a self-fulfilling prophecy.Guest: Jeanna Smialek, a correspondent covering the Federal Reserve and the economy for The New York Times.Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter. Background reading: The Federal Reserve has pushed up borrowing costs at the fastest pace in decades.The New York Times invited readers to share their thoughts about the price rises and asked how much more inflation they expected.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Folge vom 28.07.2022How Expecting Inflation Can Actually Create More Inflation
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Folge vom 27.07.2022How Deshaun Watson Became the N.F.L.'s Biggest ScandalThis episode contains details of alleged sexual assault. In the past year, more than 20 women have accused the star N.F.L. quarterback Deshaun Watson of sexual misconduct.Despite the allegations, Watson has signed one of the most lucrative contracts in the history of football, with the Cleveland Browns, and will take the field today for training camp.Guest: Jenny Vrentas, a sports reporter for The New York Times.Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter. Background reading: The accusations have been frequent and startling: More than two dozen women have said that Watson harassed or assaulted them. Watson and his lawyers say the encounters were innocuous.N.F.L. players pay a small price when accused of violence against women, a peer-reviewed study has found.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Folge vom 26.07.2022How Roe’s Demise Could Safeguard Gay MarriageAfter Roe v. Wade was overturned, Democrats introduced a bill to prevent the right to gay marriage from meeting the same fate as the right to abortion.The bill was expected to go nowhere, but it has won more and more Republican support and now seems to have a narrow path to enactment.Guest: Annie Karni, a congressional correspondent for The New York Times.Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter. Background reading: Larger-than-expected Republican support in the House for legislation to codify marriage equality caught both parties off guard.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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Folge vom 25.07.2022Death of a Crypto CompanyBorn in response to the 2008 financial crisis, cryptocurrency was supposed be a form of money that eliminated the traditional gatekeepers who had overseen the tanking of the economy.But a crash in value recently has raised questions about cryptocurrency’s central promise.Guest: David Yaffe-Bellany, a reporter covering cryptocurrencies and fintech for The New York Times.Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter. Background reading: No one wanted to miss out on the cryptocurrency mania. A global industry worth hundreds of billions of dollars rose up practically overnight. Now it is crashing down.Celsius Network was managing more than $20 billion in assets. Last month, it became the latest crypto venture to spiral into a crisis.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.