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&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;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&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;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&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;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 href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>