This week, the Federal Reserve is expected to raise interest rates again, despite coming under scrutiny in recent months for its aggressive hikes to battle inflation. This week on Intercepted: Jon Schwarz, senior writer with The Intercept, talks all things Fed, the most powerful economic institution in the U.S. Schwarz is first joined by Intercept reporters Ken Klippenstein and Daniel Boguslaw, who discuss how banks are lobbying the Fed, raising questions about the institution’s independence. Schwarz is then joined by former Fed economist Claudia Sahm to break down the Fed’s role in the economy and how its efforts to curb inflation are destabilizing the global economy and raising unemployment.
Ken and Dan’s story “The Fed Likes to Tout its Independence. So Why are Big Banks Lobbying It?”: https://theintercept.com/2022/10/26/federal-reserve-bank-lobby/
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