Warsh wants to keep markets guessing. Will it work?
6/18/202625 min
Kevin Warsh held his first press conference as Fed chair on Wednesday, and — unlike his precedessor — did not say what the central bank plans to do next. Despite his tight lips, markets read between the lines and predict a rate hike is coming soon. In this episode, why Warsh is rewriting the Fed’s communication style, and how it could alter the economy. Plus: Jobless claims tick down a bit, GPS shapes global infrastructure, and RV owners struggle to sell their vintage digs.
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First 90 secondsBrooke Gladstone0:00
[upbeat music] There's a lot going on right now, mounting economic inequality, threats to democracy, environmental disaster, the sour stench of chaos in the air. I'm Brooke Gladstone, host of WNYC's On the Media. Want to understand the reasons and the meanings of the narratives that led us here, and maybe how to head them off at the pass? That's On the Media's specialty. Take a listen wherever you get your podcasts.
Speaker 20:27
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Kai Ryssdal· Host0:59
[upbeat music] Coming up on the program today, we'll talk about the geopolitics of this economy, we'll talk about the risks and rewards of GPS, and we'll talk about the RV market as economic indicators. From American Public Media, this is Marketplace. [upbeat music] In Los Angeles, I'm Kai