Podcasts about Federal Reserve Bank

Whip open your wallets, because no one affects your paycheck like this man. We just sat down with Austan Goolsbee — President of the Federal Reserve Bank of Chicago. He's a Macarthur Genius, former Chair of Obama's Economic Advisors, and the coolest economist we know: Picture Ted Lasso meets Paul Volcker… He's the Maestro of our Money Supply, and he guided the economy through the ‘08 financial crisis and today's Inflation Situation.So Auston spilled the money beans for us: The 2009 phone call with the President that was the worst financial briefing since the Great Depression… What it's like in the room when he votes to change interest rates (spoiler: The table is huuuuge)... How he'd grade outgoing Fed Chair J-Poww… and why he's not a “Dove” or a “Hawk” — He's a “Data Dog.”If you want to know when you can finally afford buy a house, then Austan Goolsbee has the insights on the forces affecting that — And he makes dropping data sound as smooth as a beer commercial.CHAPTERS:Intro: Austan Goolsbee Joins TBOYObama's "Worst Briefing Since 1932" — Goolsbee On The 2009 Financial CrisisPaul Volcker's One Rule For Every Crisis: Don't Blow Your CredibilityThe 31% Housing Rule: Why Most Americans Are At Foreclosure RiskWhy Housing Has Compounded 5% A Year For 25 YearsDid Tariffs Cause Inflation? Goolsbee On The 1% BumpIs Stagflation A Real Threat In 2026? Goolsbee Says "We're Not 1978"Will AI Take Your Job? The Lump Of Labor Fallacy ExplainedWhy The Federal Reserve Has 12 Regional BanksInside The FOMC: How The Fed Actually Sets Interest RatesGoolsbee On Kevin Warsh: The New Fed Chair & Why The Job MattersThe "Data Dog" Approach: What Goolsbee Watches Instead Of CPIFed Independence: Why Inflation Roars Back Without ItGoolsbee's Jerome Powell Grade: First Ballot Hall Of FamerRapid Fire: Sunk Cost Fallacy, Ditka, And Best Chicago RestaurantNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

In "Scale or Fail: Navigating Trade Volatility for Emerging Brands", Joe Lynch speaks with President and CEO of the Americas region of GEODIS, Laura Ritchey, about how emerging brands can navigate trade volatility, manage inventory, and build scalable, resilient supply chains. About Laura Ritchey Laura Ritchey joined GEODIS in July 2025 as President and Chief Executive Officer (CEO) of the Americas region. Laura is responsible for overseeing the region's freight forwarding, contract logistics and transportation business units along with engineering and technology, IT, ProVenture (U.S.-based subsidiary of GEODIS focusing on industrial real estate) and Material Handling Resources (one of the country's leading material handling distributors owned by GEODIS). In total, Laura oversees GEODIS Americas' expansive operations including nearly 20,000 employees and more than 230 sites across eight countries. Laura brings over 30 years of experience to GEODIS, with 15 focused on supply chain management in both retail and third-party logistics. Laura began her career in finance before transitioning to supply chain operations, including sourcing, distribution and strategic transformation. Prior to her current role, Laura was most recently CEO at Radial, Inc., a leader in e-commerce fulfillment solutions, where she drove revenue growth and profitability through operational excellence. At Radial, she led the North American P&L for a $1.4B e-commerce logistics division, responsible for relationships with over 170 clients across four service lines. Before joining Radial, she held leadership positions at L Brands, FullBeauty Brands and Centric Brands. Laura is on the Dean's Advisory Council at Fisher College of Business at The Ohio State University and is an active board member of the Federal Reserve Bank of Atlanta's Nashville Branch. Additionally, she is actively involved with C200 whose mission is to inspire, educate, support and advance current and future women leaders. Laura earned her J.D., MBA and bachelor's degree from The Ohio State University. Additionally, Laura is accredited as a certified public accountant and admitted to the bar in Ohio. About GEODIS GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in four lines of business: Global Freight Forwarding, Global Contract Logistics, Distribution & Express Transport, and European Road Network. The Group operates a global network spanning nearly 170 countries and 48,000 employees. In 2025, GEODIS generated €10.6 billion in revenue. GEODIS is a company owned by SNCF group. Key Takeaways: Scale or Fail: Navigating Trade Volatility for Emerging Brands Beware the "10K Order Trap" During Rapid Growth: Scaling operations from 1,000 to 10,000 monthly orders often breaks a business before demand stalls. Emerging brands must build strong foundational supply chain building blocks early—such as maintaining clean master data (accurate dimensions and weights) and choosing a 3PL capable of global growth—to avoid costly operational failures when reaching inflection points. Adopt a Hybrid Inventory Strategy to Balance JIT and JIC: Shifting strictly between "Just in Time" (JIT) and "Just in Case" (JIC) risks either stockouts or trapped working capital. A balanced, hybrid approach—keeping adequate stock of fast-moving core basics while tightly controlling slow-moving seasonal items—helps protect cash flow without sacrificing availability. Re-evaluate the "Amazon Effect" and Recommerce to Protect Margins: High-speed, free shipping creates an illusion of necessity that drives up last-mile costs. Brands should focus on order delivery certainty over pure speed while implementing circular economy strategies (recommerce) to rehabilitate and resell returned apparel, which often recovers up to 95% of inventory value. Mitigate Sourcing Risks Beyond Single-Factory Bets: Diversifying supply chains requires going all the way back to raw material inputs rather than simply relocating assembly plants. Navigating evolving global tariffs requires nearshoring flexibility, dual-sourcing critical SKUs, and re-orchestrating supply chain flows across regional hubs. Understand True Landed Costs to Avoid Margin Shock: Delegating freight forwarding and customs clearance entirely to overseas manufacturers often leads to hidden markups and supply chain delays. Leveraging an end-to-end global provider with licensed customs brokerage capabilities ensures clear visibility into total landed costs and regulatory compliance. Leverage Global Scale with Curated, End-to-End Execution: Supported by a global network spanning nearly 170 countries, over 48,000 employees, and €10.6 billion (USD $12.35 billion) in revenue (2025), GEODIS provides emerging and established brands with an agile, end-to-end "launchpad for global growth" across contract logistics, freight forwarding, and transportation. Avoid the "Set It and Forget It" Supply Chain Mindset: Ongoing volatility, regulatory shifts, and geopolitical friction require continuous evaluation of supply chain networks. Taking a cautious, practical approach to emerging technologies like AI (for labor forecasting and route planning) ensures operational stability while safeguarding proprietary data. Learn More About Scale or Fail: Navigating Trade Volatility for Emerging Brands Laura Ritchey | Linkedin GEODIS | Linkedin GEODIS The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube

Billionaires are easy to hate. And there are several efforts underway to get them to pay their “fair share.” In this episode, Max argues that focusing on taxing billionaires is the wrong discussion and distracts from attaining the tax policy we truly need. Instead of focusing on the individual billionaires, focus on preventing individuals from becoming billionaires. The real story is corporate taxes. Resources Legal Information Institute: Tax Cuts and Jobs Act of 2017 (TCJA) Center on Budget and Policy Priorities: The 2017 Trump Tax Law Was Skewed to the Rich, Expensive, and Failed to Deliver on Its Promises Tax Policy Center: What is the TCJA repatriation tax and how does it work? Board of Governors of the Federal Reserve System: U.S. Corporations’ Repatriation of Offshore Profits: Evidence from 2018 The White House: White House Office of Management and Budget’s Office of Information and Regulatory Affairs Releases End of Year Deregulatory Stats: Showing the Trump Administration Has Best Deregulation Year in History The Washington Times: Impact of Trump’s 646 deregulatory actions diluted by tariffs, executive orders Federal Reserve Bank of New York: Who Is Paying for the 2025 U.S. Tariffs? Elizabeth Warren: Warren Pushes Giant Corporations to Give Billions in Tariff Refunds Back to Consumers npr: Companies are getting tariff refunds of up to $2 billion from the Trump administration CNN: Corporate America got billions of dollars in tariff refunds. Where’s your cut? Congressional Budget Office: Monthly Budget Review: February 2026 Wall Street Journal: Tariff Revenue Exceeded Corporate Taxes as 2025 Ended npr: Proposed California wealth tax sparks debate: Will billionaires leave the state? The New York Times: Founders Wade Into the Wealth Tax Debate Democratic Socialists of America Democracy: A Journal of Ideas: Why Corporations Must Pay More UNFTR Resources Video: Why Taxing Billionaires Won’t Save Us. Essay: Don’t Tax the Rich. Cut Them Off. Episode: Updated Tax Evasion Figures. Video: On The Record 8-17-26 (The AI Bubble is About to Burst | Corporate Control of Trump.) 5 Non-Negotiables -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibilitySupport the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

Why is exclusionary zoning, which restricts land to expensive single-family houses, so commonplace in the US compared to other countries? Alexander Sahn shares strong evidence that local responses to a wave of migration by Southern Blacks in the middle of the 20th century played a big role.Read about the Lewis Center's work at lewis.ucla.edu.Follow our Substack at uclahousingvoice.substack.com.Email Shane at at shanephillips@ucla.edu and follow him on Bluesky and LinkedIn.Show notes:Sahn, A. (2025). Racial diversity and exclusionary zoning: Evidence from the Great Migration. The Journal of Politics, 87(4), 1302-1318.Boustan, L. P. (2007). Black migration, white flight: the effect of black migration on northern cities and labor markets. The Journal of Economic History, 67(2), 484-488.Derenoncourt, E. (2022). Can you move to opportunity? Evidence from the Great Migration. American Economic Review, 112(2), 369-408.Grant, K. N. (2014). Relocation and Realignment: How the Great Migration Changed the Face of the Democratic Party. Syracuse University.Cui, T. (2024). Did race fence off the American city? The great migration and the evolution of exclusionary zoning [working paper].Gallagher, R., Shertzer, A., & Twinam, T. (2026). Zoning and the American Suburb (No. 26-37). Federal Reserve Bank of Philadelphia.Lens, M. C. (2024). Where the hood at?: Fifty years of change in black neighborhoods. Russell Sage Foundation.Episode 23 of UCLA Housing Voice, on political representation and housing supply with Michael Hankinson.

In this week's episode of WSJ's Take On the Week, we dig into Treasury Inflation Protected Securities, or TIPS! Our co-hosts Miriam Gottfried and Telis Demos are joined by Jill Cetina, finance professor at Texas A&M University and former official at the Federal Reserve Bank of Dallas and the Treasury Department. Together, they analyze the latest inflation data and what it could mean for TIPS if Federal Reserve Chair Kevin Warsh changes the CPI calculation.  Later, Cetina explains why shorter-duration TIPS ladders and I bonds offer better risk protection than long-dated bonds, and why heavy Treasury bill issuance threatens market stability. This is WSJ's Take On the Week where co-hosts Telis Demos, writer for WSJ's Heard on the Street, and Miriam Gottfried, WSJ's investing and wealth management reporter, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@wsj.com. To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of WSJ.com Further Reading These Bonds Offer a Rare Buying Opportunity Inflation Was 3.4% in July, Down Slightly From the Previous Month - WSJ  The CPI and Inflation, Explained Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Very few people in this industry have sat in all three of the seats that matter in the bank-fintech story. Amanda Swoverland started as a compliance examiner at the Federal Reserve Bank of Minneapolis, spent nine and a half years at Sunrise Banks rising to Chief Risk Officer, then joined Unit as its fourth employee and Chief Compliance Officer. Six months ago she became President of Hatch Bank, a California-chartered ILC that works exclusively with fintech lending partners. She still describes herself as a banker at heart, and this conversation is a good explanation of why that matters more now than it did five years ago.What We CoveredFrom Fed compliance examiner to bank presidentWhy she was never the department of noLearning product and sales inside a fintech infrastructure companyHatch Bank's credit-only model, with no depositsThe five lending verticals Hatch focuses onGoing deep with a few partners instead of diversifying across 30What a fintech gets from a small sponsor bank that scale cannot offerLifting a BSA/AML consent order in under a year"Maturing for scale" as the theme of her first six monthsUsing AI internally without sending agents out into the wildWhy the quality of founders approaching sponsor banks has gone upThe direct versus not direct debate after SynapseWhy every fintech should have a second bank partnerWhere AI is genuinely working in compliance todayDIDMCA, state charters and the usury patchworkWhat separates the sponsor banks that survive the next cycleKey TakeawaysThe "direct versus not direct" framing that took hold after Synapse is, in Amanda's view, a distraction. If a bank has a program, the bank is in charge of it, whatever technology sits in the middle and whoever is acting as program manager. Everything else is a question of how you oversee it, not who is accountable.The next failure will not look like Synapse, because that particular gap has been closed. What worries her is banks that never learned the fundamentals: liquidity, credit oversight, BSA/AML, and how a multi-party lending program behaves when the cycle turns and payments stop arriving on time.A second bank partner is good for the fintech and good for the bank. Concentration risk cuts both ways, and Amanda actively introduces her own clients to other banks she trusts, and is happy to be someone else's second bank.Compliance is heading toward 100 percent sampling. Amanda thinks the days of testing a selected sample of transactions or complaints are ending, provided you test the system, watch the outputs, and keep a human in the loop.About Amanda SwoverlandAmanda Swoverland is President of Hatch Bank, a San Marcos, California ILC that works exclusively with fintech lending partners across home improvement, small business, clean energy, student lending and healthcare financing. She began her career as a compliance examiner at the Federal Reserve Bank of Minneapolis, spent nine and a half years at Sunrise Banks where she became Chief Risk Officer, and then five and a half years at Unit as Chief Compliance Officer, joining as the company's fourth employee. She was named to Forbes' 2026 list of the women shaping fintech infrastructure and banking strategy.Connect with Fintech One-on-One:Tweet me @PeterRentonConnect with me on LinkedInFind previous Fintech One-on-One episodes

Researchers know a lot about household income because the topic is well-studied and has huge implications for financial health. But what about wealth, a family's assets minus their liabilities? Much less is known about wealth, even though it's also critically important. A new Federal Reserve Bank of Boston survey of more than 5,000 families – called Mass ECHOS –gives a detailed look at household wealth in Massachusetts. A report on the survey examines median family net wealth in a variety of demographic breakdowns, including age, race, geography, and education. It also measures which families have sufficient wealth to handle routine but difficult expenses, such as a car repair or a move. We discuss the report with the Boston Fed's Prabal Chakrabarti and Beth Mattingly, two of the people most responsible for making Mass ECHOS happen. The paper on the survey, titled “Family wealth in Massachusetts,” was co-authored by Mattingly, Sara Chaganti, Michael Evangelist, Marija Bingulac, and Gracie L. Griffin. Read an article about Mass ECHOS and its results: Headline of article and link. For more interviews and analysis of the economy in New England and nationwide, visit BostonFed.org/SixHundredAtlantic.aspx. Subscribe to our email list to stay updated on new episodes.

WHEN GOLD ISN'T GOOD ENOUGH. [Heaven's Standard of Value]Matthew 6:19–21; 1 Peter 1:7; Revelation 21:21 KJV Deep beneath Manhattan, hundreds of thousands of gold bars are carefully guarded in the Federal Reserve Bank of New York. Nations consider gold so valuable that they weigh it, verify its purity, record its ownership, and protect it behind enormous security. Yet the Bible tells us about things far more valuable than gold. Our faith is "much more precious than… gold." God's wisdom is better than gold. God's Word is to be desired "more… than much fine gold." And our salvation wasn't purchased with silver or gold, but with "the precious blood of Christ." Jesus therefore commands us not merely to accumulate earthly treasure, but to "lay up for yourselves treasures in heaven." One day every earthly fortune will be left behind. And when God's children enter the New Jerusalem, we will discover that the substance mankind spent centuries fighting to possess is beneath our feet—the street is "pure gold." What earth treasures, Heaven uses for pavement. The greatest treasure isn't gold at all. The greatest treasure is Jesus Christ. So, ask yourself: Where is my treasure—and where is my heart?

In the Macro MATTers podcast, Matthew Luzzetti (Chief US Economist) and Matthew Raskin (Head of US Rates Research) discuss recent events moving markets.In this episode, they discuss the upcoming Fed task force on the balance sheet with Patricia Zobel, Head of Macroeconomic Research and Market Strategy at Guggenheim Investments and formerly Deputy Manager and Manager pro tem of SOMA at the Federal Reserve Bank of New York.

Gianluca Benigno is a professor of economics at the University of Lausanne. Previously, he was a senior economist at the Federal Reserve Bank of New York and an economist at the Bank of England. Gianluca returns to the program to discuss financial r-star, the changing landscape of central bank balance sheets, the unique challenges facing the Swiss National Bank, how stablecoins could affect Treasury markets and the demand for reserves, the return of nonlinear inflation, its implications for monetary policy, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on June 22nd, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Gianluca Benigno on X: @BenignoGianluca Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:01:41 - R-Double-Star 00:04:10 - Central Bank Balance Sheets 00:09:22 - Swiss National Bank 00:32:05 - Working Paper on the Regulation of Stablecoins 00:45:41 - Inflation 00:53:19 - Outro

KATA PEMRED #63PinterPolitik.comPada akhir Juli, yen jatuh ke titik terlemah dalam empat dekade. Lalu, dalam satu malam, ia berbalik hampir enam angka. Yang membalikkannya bukan Bank of Japan sendirian.Pada 30 dan 31 Juli, Kementerian Keuangan Jepang dan Departemen Keuangan Amerika Serikat membeli yen bersama-sama. Federal Reserve Bank of New York, bertindak untuk Treasury, menjual euro untuk membeli yen. Jepang diperkirakan membelanjakan hingga 36,58 miliar dolar. Ini operasi gabungan pertama kedua negara membeli yen sejak 1998. Menteri Keuangan Amerika Serikat kemudian menyatakan pihaknya tidak akan ragu ikut serta dalam intervensi bersama berikutnya.

Send us Fan MailWe spend billions of dollars each year funding scientific discovery - but what happens if the people making those discoveries can't communicate them? Today we're exploring why communication may be just as important as innovation itself, and why some of the world's brightest scientists never receive the recognition their work deserves.Nancy Ancowitz ( https://www.nancyancowitz.com/ ) is career strategist, executive presentation coach, author, educator, and one of the country's leading experts on helping professionals communicate their expertise with clarity, confidence, and authenticity.Nancy has spent more than two decades teaching communication, presentation skills, and career strategy at New York University ( https://www.sps.nyu.edu/faculty-directory/10734-nancy-h-ancowitz.html ) while coaching everyone from emerging professionals to CEOs on how to translate knowledge into influence. Nancy is the author of the acclaimed Self-Promotion for Introverts® ( https://www.amazon.com/Self-Promotion-Introverts-Quiet-Guide-Getting-ebook/dp/B00394U8DS?ref_=ast_author_dp&th=1&psc=1 ), recognized by Publishers Weekly as one of the year's best business books, as well as Zoom to Success and Business Writing: Say More With Less.Before launching her coaching practice, Nancy spent twelve years on Wall Street, leading marketing communications for multibillion-dollar businesses as a Vice President at JPMorgan Chase and earlier at Citibank, where she was recognized for innovation in global marketing communications. Along the way, her insights have appeared in The New York Times, The Wall Street Journal, and Psychology Today, and she has spoken at organizations ranging from the National Institutes of Health to the Federal Reserve Bank of New York.Today, we're taking Nancy's work in a slightly different direction. Here on Progress, Potential and Possibilities, we spend much of our time with scientists, physicians, engineers, biotech founders, and technology innovators who are developing extraordinary breakthroughs - but often struggle to communicate those breakthroughs beyond their laboratories, companies, and research institutions.In an age where groundbreaking discoveries compete with endless streams of information, social media, and artificial intelligence, is communication becoming just as important as innovation itself? Can brilliant ideas change the world if their creators never learn to tell their story?We explore why communication, authenticity, and thoughtful self-promotion may be some of the most underrated drivers of scientific and technological progress.#ScienceCommunication #STEM #Innovation #Leadership #PublicSpeaking #CommunicationSkills #Scientists #Biotechnology #ArtificialIntelligence #InnovationLeadership #Entrepreneurship #CareerDevelopment #PresentationSkills #PersonalBranding #AuthenticLeadership #ProgressPotentialPossibilitiesSupport the show

Andrea Walsh is president and chief executive officer of Minnesota-based HealthPartners, a nonprofit, integrated health system providing health plan coverage to 1.4 million members and health care to 1.4 million patients. She leads a team of more than 28,000 colleagues dedicated to a vision of health as it could be, affordability as it must be, through relationships built on trust Walsh has served as president and CEO since 2017. During her tenure, HealthPartners has continued to deepen its reputation as a national leader in high-quality, affordable care and coverage. She’s led with a focus on building healthy and high-performing teams, and forging partnerships to improve health equity, children’s health, mental health, and other important areas of community health and well-being. Prior to serving as CEO, Walsh was executive vice president and chief marketing officer at HealthPartners for nearly 15 years, and prior to that served as corporate counsel leading legal, compliance and public affairs. Walsh began her career as a lawyer in private practice. In the early 90s, she was appointed assistant commissioner at the Minnesota Department of Health and led health reform efforts to increase access to affordable health care coverage, known today as MinnesotaCare. She graduated cum laude from the University of Minnesota Law School and has degrees in business and English from the University of Kansas. Walsh is active in the community and currently serves on the boards of the Y of the North and the Federal Reserve Bank of Minneapolis. In 2020, she was named Executive of the Year by the Minnesota Business Journal and in 2025, she was inducted into the Twin Cities Business magazine’s Minnesota Business Hall of Fame.See omnystudio.com/listener for privacy information.

This week we went deep on debt—all $72 trillion of it—and made the case that the bond market is the real economy, that the Fed has already lost control of the entire curve, and that when the AI trade unwinds, the flood into Treasuries won’t save anyone the way the textbook says it should. Then we watched Japan demonstrate in real time what happens when you don’t have the exorbitant privilege of issuing the world’s reserve currency. A 40-year low for the yen, Japan spending $87 billion in two days trying to hold it together, and the U.S. quietly intervening not out of friendship, but because Japan’s dumping Treasuries would torch our bond market at the worst possible moment. Chapters Intro: 00:00:38 Quick Takes: 00:01:33 Max Notes: 00:07:34 Killer Left Take of the Week: 00:24:44 Chart of the Week: 00:27:02 Headlines: 00:30:56 Outro: 00:32:23 Resources Fox News: Carville vows to FLEE Dem Party over Hasan Piker: ‘Out of here’ Forbes Breaking News: Trump Gives Update On Talks With Iran Forbes Breaking News: Sparks Fly When RFK Jr. Is Pressed On Vaccines, Pandemic Prevention During CNN Interview NBC News: Trump: Jeanine Pirro ‘made a mistake’ dropping Reflecting Pool vandalism case The Thomas Crown Affair CNBC: AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say Federal Reserve Bank of New York: Household Debt and Credit Report (Q1 2026) Board of Governors of the Federal Reserve System: Financial Accounts of the United States - Z.1 FiscalData: What is the national debt? SIFMA: US Treasury Securities Statistics Fortune: U.S. national debt officially hits $39 trillion—adding approximately $5 billion a day since October Nippon: Japan Govt Worsens Debt-to-GDP Ratio Estimate for FY 2026 Financial Stability Board: Report on Vulnerabilities in Private Credit Board of Governors of the Federal Reserve System: Implementation Note issued June 17, 2026 U.S. Department of the Treasury: Daily Treasury Rates TFTC: Treasury Sells $139B in Polar-Opposite Auctions: 2Y Soars, 5Y Craters MS Now: ‘Don’t be surprised when this gets kind of ugly’: El-Sayed on hotly contested MI Senate primary Bloomberg Television: Trump Revives Hopes for Iran Deal, Oil Sinks | Insight with Haslinda Amin 8/03/2026 Bloomberg: Why Japan Is Propping Up the Yen With US Help Bloomberg: BOJ Data Point to $34 Billion Japan FX Intervention Friday MacroMicro: World - Major Economies’ Holdings of US Debt The Japan Times: Yen carry trade is a ‘ticking time bomb,’ warns BCA research Forever Wars: The Markets Matter For War—You Don’t The American Prospect: The AI Bailout Could Be Baked Into the AI Bubble Jacobin: Centrist Democrats Keep Making Awful Health Reform Proposals UNFTR Resources Video: On The Record 08-04-26 (The Yen Bailout, RFK Jr. Fail, and the $72 Trillion Debt.) Essay: The $72 Trillion Debt Problem. Video: Situational Awareness: How a 25-Year-Old’s Hedge Fund Exposed the Entire AI Bubble. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibilitySupport the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

The Federal Reserve Bank of St. Louis said Federal Reserve Governor Michelle Bowman will deliver the keynote at the 2026 Community Banking Research Conference. Bowman has served on the Board of Governors since 2018 in the seat reserved for a member with community banking experience and previously served as Kansas State Bank Commissioner. Her recent remarks have focused on tailoring regulation for smaller institutions, supervisory transparency, and the credit effects of capital and liquidity proposals. The conference regularly features research on deposit betas, interest rate risk, and liquidity management following the 2023 banking turmoil. Sessions also address third party risk management and fintech partnerships, along with operational issues tied to FedNow adoption. Stakeholders will watch for signals on capital refinements, call report simplification, Community Reinvestment Act timelines, and supervisory priorities that will shape lending and bank vendor decisions.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

"Either you can fight a slowing economy or you can fight inflation. You can't do both at the same time."   On May 15th, Kevin Warsh replaces Jerome Powell as chairman of the Federal Reserve Bank and President Trump has made clear he would only appoint someone willing to cut interest rates. The immediate story is mortgage rates and housing affordability. The deeper story is a $39 trillion national debt crisis, a government spending $2 trillion more than it collects every year, and a playbook last used after World War II to inflate away the debt without paying it back.   Jaspreet Singh breaks down how financial repression worked between 1946 and 1974. Cutting rates below inflation to let the government borrow for free, growing the economy faster than the debt, and making savers poorer in the process, and why the conditions today look strikingly similar.   In this episode, you'll learn: How a drop in mortgage rates from 7% to 4.5% saves a homeowner over $600 a month and why Trump is already moving without the Fed, demanding Fannie Mae and Freddie Mac buy $200 billion in mortgage-backed securities to push rates lower now How the 1946–1974 financial repression worked: the government kept interest rates artificially below inflation, pressured institutions to lend to the government at a loss, and grew the debt-to-GDP ratio from 121% down to 25%  Why today's situation is worse than post-WWII: the current debt-to-GDP ratio sits around 130%, interest payments already consume 20 cents of every tax dollar collected, and cutting rates would save the government hundreds of billions annually in interest Five investment categories to watch if this plays out: real estate ETFs (VNQ, XHB, ITB), gold as an inflation hedge (GLD), inflation-protected treasuries (SCHP), broad U.S. market exposure (SPY), and international diversification through developed (VEA) or emerging markets (VWO)   Keywords: Federal Reserve, Kevin Warsh, mortgage rates, financial repression, national debt, inflation hedge, interest rates, housing market, S&P 500, gold investing     Want more financial news? Join Market Briefs, my free daily financial newsletter: https://link2.briefs.co/gie Below are my recommended tools! Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

Helpig others is a two-way street. I'm not sure which feels better, being helped gives you a big sense of relief and helping others gives you a big sense of being a part of something good. Here's a quick episode on helping. Thanks for listening and helping me get the word out about my podcast. https://www.TheWorkLady.com  Jan McInnis is a top change management keynote speaker, comedian, and funny motivational speaker who helps organizations use humor to handle change, build resilience, and strengthen leadership skills. With her laugh-out-loud stories and practical tips, Jan shows audiences how humor isn't just entertainment—it's a business skill that drives communication, connection, and stress relief.   A conference keynote speaker, Master of Ceremonies, and comedy writer, Jan has written material for The Tonight Show with Jay Leno as well as radio, TV, and syndicated cartoon strips. She's the author of two books—Finding the Funny Fast and Convention Comedian—and her insights on humor in business have been featured in The Wall Street Journal, The Washington Post, and The Huffington Post. For over 25 years, she has been helping leaders and teams discover how to bounce back from setbacks, embrace change, and connect through comedy.   Jan has delivered keynote speeches at thousands of events nationwide, from the Federal Reserve Banks to the Mayo Clinic, for industries that include healthcare, finance, government, education, women's leadership events, technology, and safety & disaster management. Her client list features respected organizations such as: Healthcare: Mayo Clinic, Kaiser Permanente, Abbott Pharmaceuticals, Health Information Management Associations, Assisted Living Associations Finance: Federal Reserve Banks, Merrill Lynch, Transamerica Insurance, BDO Accounting, American Institute of CPAs, credit unions, banking associations Government: U.S. Air Force, Social Security Administration, International Institute of Municipal Clerks, National League of Cities, public utilities, correctional associations Women's Leadership Events: Toyota Women's Conference, Go Red for Women, Speaking of Women's Health, Soroptimists, Women in Insurance & Financial Services Education: State superintendent associations, community college associations, Head Start associations, National Association of Elementary and Middle School Principals Safety & Disaster: International Association of Emergency Managers, Disney Emergency Management, Mid-Atlantic Safety Conference, risk management associations   Her background as a Washington, D.C. marketing executive gives her a unique perspective that blends business acumen with stand-up comedy. Jan was also honored with the Greater Washington Society of Association Executives "Excellence in Education" Award. Along with her podcast Finding the Funny: Leadership Tips from a Comedian, Jan also produces Comedian Stories: Tales From the Road in Under 5 Minutes. Whether she's headlining a major convention, hosting a leadership retreat, or teaching resilience at a safety conference, Jan's programs give audiences the tools to laugh, learn, and lead.  

Danielle DiMartino Booth is the founder and CEO of QI Research, a global macroeconomic and market intelligence firm she launched in 2015 after spending nine years at the Federal Reserve Bank of Dallas, where she advised President Richard W. Fisher during the financial crisis. A leading expert on monetary policy and financial markets, she is the author of FED UP and a frequent contributor to CNBC, Bloomberg, Fox Business, Yahoo Finance, and The Wall Street Journal, bringing decades of experience from the Federal Reserve, Credit Suisse, and Donaldson, Lufkin & Jenrette. You can check out Danielle's youtube channel here: https://www.youtube.com/@DanielleDiMartinoBoothQI  Here's some of the topics we covered: From Wall Street to the Federal Reserve and why she became "Fed Up" How Federal Reserve policies fueled housing bubbles and distorted the economy Why inflation, jobs, and economic data may be telling the wrong story The growing distress in multifamily real estate and where the biggest opportunities lie Housing Bubble 2.0, changing demographics, and why home prices still have room to fall Recession risks, AI-driven job losses, and the future of the U.S. labor market What comes next for interest rates, inflation, and the American economy   To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com    For more about Rod and his real estate investing journey go to www.rodkhleif.com   Please Review and Subscribe  

The Federal Reserve System is the central bank of the United States. Its mandate is to promote the effective operation of the U.S. economy. Sometimes such high-flying agencies or policy influencing organizations can feel detached from the day-to-day experiences that make up the High Country economy. However, the Federal Reserve uses a network of economists and data analysts to ensure the voice of Main Street is being heard and helping inform Federal policy and direction.On this week's Mind Your Business, we visit with Bethany Greene, Regional Economist for the Charllotte Branch of the Federal Reserve Bank of Richmond. Bethany monitors regional economic trends through data analysis and engagements with the business community in North and South Carolina. We'll discuss the role of the Fed, and how they extract data from locations across the region in a manner that ultimately shows up in policy shaping discussions. We'll also talk about the recent transition of Fed Chair Kevin Warsh, what Western North Carolina can expect, economically speaking, as we move further away from the physical impacts of Hurricane Helene, and what's on the horizon in terms of economy shaping influences.Mind Your Business is written and produced weekly by the Boone Area Chamber of Commerce. This podcast is made possible thanks to the sponsorship support of Appalachian Commercial Real Estate.Catch the show each Thursday afternoon at 5PM on WATA (1450AM & 96.5FM) in Boone.Support the show

As the Fed's new leadership navigates persistent inflation and economic uncertainty, Jon is joined by Austan Goolsbee, President of the Federal Reserve Bank of Chicago, to better understand how America's most powerful economic institution actually works. Together, they explore the Fed's origins and mandate, examine what the Fed can do as prices remain stubbornly high, and consider how the economic operating system Americans live within can work better for everyone. Plus, Jon takes listeners' questions about fact-checking Trump, understanding Fetterman, and farts! This episode is brought to you by: SMALLS - For a limited time, get 60% off your first order, plus free shipping, when you head to https://Smalls.com/TWS. SHOPIFY - Turns out you don't need a real job. Build your own business with a free trial at https://shopify.com/tws AVOCADO GREEN MATTRESS -  Find an Avocado near you or shop online at https://AvocadoGreenMattress.com/TWS  — and check out their mattress and bedding sale! MAGIC SPOON - Get $5 off your next order at https://magicspoon.com/tws Follow The Weekly Show with Jon Stewart on social media for more:  > YouTube: https://www.youtube.com/@weeklyshowpodcast > Instagram: https://www.instagram.com/weeklyshowpodcast > TikTok: https://tiktok.com/@weeklyshowpodcast  > X: https://x.com/weeklyshowpod   > BlueSky: https://bsky.app/profile/theweeklyshowpodcast.com Host/Executive Producer – Jon Stewart Executive Producer – James Dixon Executive Producer – Chris McShane Executive Producer – Caity Gray Producer – Brittany Mehmedovic  Producer – Gillian Spear Video Editor & Engineer – Rob Vitolo Audio Editor & Engineer – Nicole Boyce Music by Hansdle Hsu Learn more about your ad choices. Visit podcastchoices.com/adchoices

Daniel Davis talks about the barriers that rural communities face in fully realizing their economic potential and how economic development professionals have addressed those barriers. He also shares insights on this topic from the speakers at an Investing in Rural America webinar in June 2026. Davis is group vice president for regional economics at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_07_15_rural_econ_dev

A business can look profitable. The broker can call it “SBA pre-qualified.” The numbers can seem solid. And the deal can still be a disaster waiting to happen. Because financing doesn’t just help you buy a business. Structured badly, it can trap you in a deal that should never have closed in the first place. Ami Kassar has seen what happens when buyers get this wrong. One e-commerce acquisition he discusses was built around a single product. Just weeks after the transaction closed, a better product hit the market. The business was dead. And that’s only one version of the risk. Buyers jump into industries they’ve never operated in. They rely too heavily on one product, one supplier, or one sales channel. They treat lender pre-qualifications like guarantees. They rush because a seller wants to close fast. Or they take expensive “easy money” because speed feels more important than structure. That’s where deals get dangerous. In this episode, Jaryd sits down with Ami Kassar to unpack what buyers need to understand before taking on acquisition debt — from why SBA pre-qualifications may mean far less than you think, to what lenders actually look for in you and the business you’re buying. They break down how to improve your fundability before the right deal appears, why post-close liquidity matters, when seller involvement can help get a transaction financed, and why working capital should be part of the conversation before you ever sign on the dotted line. But the bigger lesson goes beyond getting approved. Ami believes the smartest financing strategy is the one that gives you maximum flexibility — because the goal isn’t to build the biggest portfolio, take on the most leverage, or grow at a pace that destroys your sleep. It’s to structure a deal you can actually live with.

Host Jeremy C. Park talks with Robyn Householder, CEO of the Better Business Bureau Serving Middle Tennessee and Southern Kentucky, who highlights the organization's efforts and mission “to create a marketplace grounded in trust, guiding people toward the best experiences while fostering stronger relationships between businesses and consumers.” Robyn provides an overview of the organization's efforts to build trust in the marketplace through pre-purchase education and dispute resolution, processing approximately 3 million information requests and 12,000 disputes annually with a 98% success rate. The organization hosts various community events, with Songwriters Night on October 1st at Marathon Music Works being their largest annual event that raises funds for educational services and small business grants, particularly supporting veteran-owned businesses this year. Robyn highlights the upcoming Nashville event and notes that tickets can be purchased through bbb.org/Nashville under the events section. She describes various educational initiatives including Coffee and Connections events and an upcoming September event in Clarksville with the Federal Reserve Bank of Atlanta. Robyn emphasizes their mission of helping businesses grow and advised consumers to check with them before doing business with strangers to avoid potential scams. Robyn then starts discussing some of the different scams taking place and shares helpful tips to avoid them. She reports that nearly 5,000 consumers are scammed daily through online purchase scams, highlighting how scammers use technology and AI to target specific shopping behaviors. She provides specific safety tips including avoiding pop-up ads, verifying secure website indicators, checking URL spelling and grammar, and using credit cards instead of debit cards for online purchases. She talks about employment scams, noting that legitimate jobs are not offered to unsolicited applicants and advised checking company websites directly. She also discusses debt collection scams, which use fear tactics to intimidate victims into paying alleged debts, with Robyn sharing a personal example of someone who verified their warrant claim was false. Robyn also talks about government agency imposter scams that target the elderly. She emphasizes the importance of being cautious about sharing personal information on social media and warns about sweepstakes and lottery scams that aim to capture personal information under false pretenses. She highlights the resources available through the Better Business Bureau, including their ability to verify legitimate businesses, provide guidance on licensing requirements, and help connect with government agencies, with Robyn encouraging people to report scams through bbb.org/spamtracker to help track and combat fraud. Visit https://www.bbb.org/ to learn more or for additional questions email info@gobbb.org or call 615-242-4222.

Exploring the Social Life of Urban Spaces through AI (Arianna Salazar-Miranda) Welcome to the fifth season of Densely Speaking! Subscribe today for automatic delivery of future interviews, and please take a moment to rate and review us—it helps others find the show and become introduced to wonderful authors doing cutting-edge work on cities, economics & law. Arianna Salazar-Miranda is an Assistant Professor of Urban Planning and Data Science at the Yale School of the environment. She is the author of Exploring the Social Life of Urban Spaces Through AI (with Zhuangyuan Fan, Michael Baick, Keith N. Hampton, Fabio Duarte, Becky P. Y. Loo, Edward Glaeser, and Carlo Ratti). Appendices: Arianna Salazar-Miranda: The World in the Year 2000 Greg Shill: Sidewalk Government and Sidewalk Nation: The Life and Law of America's Most Overlooked Resource by Michael Pollack. Jeff Lin: What Holly Whyte's “Social Life” Film Can Teach Us Today by Anne Tan-Detchkov at Project for Public Spaces discusses the film in question and Statistical Models and Shoe Leather by David Freedman discusses regression analysis and advocates for broader, holistic observational work within the social sciences. Follow us on the web and on Bluesky at @jeffrlin.bsky.social and @gregshill.com. Producer: Nathan Spindler-Krage The views expressed on the show are those of the participants, and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia, the Federal Reserve System, or any of the other institutions with which the hosts or guests are affiliated.

William Dudley, former president of the Federal Reserve Bank of New York and Bloomberg Opinion Columnist, says Federal Reserve Chairman Kevin Warsh has to communicate more with markets, or he'll become less influential. He appears on "Bloomberg Surveillance" to talk about Warsh's testimony before Congress.See omnystudio.com/listener for privacy information.

Do you get werid reactioms when you tell people your job? Because I do. And not only weird reactions, but weird questions. Comedian isn't common, but that doesn't mean you can't make a great living at it. Here's a quick short story about some of the reactions I've gotten when I tell people I'm a comedian. https://www.TheWorkLady.com  Jan McInnis is a top change management keynote speaker, comedian, and funny motivational speaker who helps organizations use humor to handle change, build resilience, and strengthen leadership skills. With her laugh-out-loud stories and practical tips, Jan shows audiences how humor isn't just entertainment—it's a business skill that drives communication, connection, and stress relief.   A conference keynote speaker, Master of Ceremonies, and comedy writer, Jan has written material for The Tonight Show with Jay Leno as well as radio, TV, and syndicated cartoon strips. She's the author of two books—Finding the Funny Fast and Convention Comedian—and her insights on humor in business have been featured in The Wall Street Journal, The Washington Post, and The Huffington Post. For over 25 years, she has been helping leaders and teams discover how to bounce back from setbacks, embrace change, and connect through comedy.   Jan has delivered keynote speeches at thousands of events nationwide, from the Federal Reserve Banks to the Mayo Clinic, for industries that include healthcare, finance, government, education, women's leadership events, technology, and safety & disaster management. Her client list features respected organizations such as: Healthcare: Mayo Clinic, Kaiser Permanente, Abbott Pharmaceuticals, Health Information Management Associations, Assisted Living Associations Finance: Federal Reserve Banks, Merrill Lynch, Transamerica Insurance, BDO Accounting, American Institute of CPAs, credit unions, banking associations Government: U.S. Air Force, Social Security Administration, International Institute of Municipal Clerks, National League of Cities, public utilities, correctional associations Women's Leadership Events: Toyota Women's Conference, Go Red for Women, Speaking of Women's Health, Soroptimists, Women in Insurance & Financial Services Education: State superintendent associations, community college associations, Head Start associations, National Association of Elementary and Middle School Principals Safety & Disaster: International Association of Emergency Managers, Disney Emergency Management, Mid-Atlantic Safety Conference, risk management associations   Her background as a Washington, D.C. marketing executive gives her a unique perspective that blends business acumen with stand-up comedy. Jan was also honored with the Greater Washington Society of Association Executives "Excellence in Education" Award. Along with her podcast Finding the Funny: Leadership Tips from a Comedian, Jan also produces Comedian Stories: Tales From the Road in Under 5 Minutes. Whether she's headlining a major convention, hosting a leadership retreat, or teaching resilience at a safety conference, Jan's programs give audiences the tools to laugh, learn, and lead.  

Stephan Luck is a Financial Research Advisor at the Federal Reserve Bank of New York. In Stephan's first appearance on the show, he discusses how the 2008 Great Financial Crisis shaped his career, how he and his coauthors leverage LLMs to comb through massive amounts of historical data, what this data can teach us about responding to bank failures, what people get wrong when they try and make historical analogies to the GENIUS era, the lessons we can learn from the German hyperinflation, and much more. Watch the full length video on our new YouTube Channel! Check out the transcript for this week's episode, now with links. Recorded on June 1st, 2026 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Timestamps 00:00:00 - Intro 00:02:55 - Stephan's Career 00:11:21 - Bank Failures 00:28:19 - Policy Implications of Bank Failures 00:37:21 - National Banking System 00:46:30 - German Hyperinflation 00:57:06 - Outro

American household debt climbed to a record $18.8 trillion during the first quarter of 2026, according to the Federal Reserve Bank of New York. Rising mortgage delinquencies, worsening student loan repayment trends and more foreclosures underscore the growing financial pressure facing many households. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

John Bailey Jones and Jason Kosakow discuss their research on how family members and friends give their time and money to help each other and how these transfers benefit households. Jones is vice president of microeconomic analysis and Kosakow is survey director, both at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_07_08_helping_hands

It's Tuesday, July 7th, A.D. 2026. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Kevin Swanson, Timothy Reed, and Adam McManus Chinese pastor Ezra Jin released from prison Praise God! Chinese House Church Pastor Ezra Jin has been released from a communist prison!   This comes after US President Donald Trump brought up his case with the Chinese president last month. China Aid interprets the action as a  “goodwill gesture coinciding with America's Independence Day.” Bob Fu of China Aid noted that “While we celebrate Pastor Jin's freedom, our hearts remain with the countless jailed pastors and coworkers from Zion Church as well as priests, bishops, and house church Christians. . . who remain unjustly imprisoned by the Chinese Communist Party.”   Pastor Jin's daughter, Grace Jin Drexel, has spoken out on national media and lobbied Congress and the President for the release of her father since he was arrested last October.  Iran sentenced five people to death Iranian courts have sentenced five more people to death because they participated in alleged “anti-government” activities in recent protests. This adds to the 1,639 persons executed in 2025, according to Iran International.  Iranian officials call for Trump's assassination Calls for President Trump's assassination from Iranian government officials and the crowd of hundreds of thousands on the streets of Tehran were plentiful, according to the New York Post. One banner promised $100 million for the person who kills the US President, according to reports from Iran International.   Cuba's nationwide blackout Another communist country, Cuba, is in serious economic and social disintegration. The country experienced a nationwide blackout over the weekend — affecting transportation, crucial medical care, and government operations, reports FoxNews. That's the third blackout in six months. Russian missiles and drones killed 21 Ukrainian citizens Russian missiles and drones killed 21 Ukrainian citizens in a blitz attack on Kiev over the weekend. Another 100-plus people were injured in the attacks, that came at the eve of a NATO summit, reports the BBC. President Donald Trump reports to have had a lengthy “constructive” conversation with Russian President Vladimir Putin on Saturday.  LEGO pushes sexual perversion The Denmark-owned LEGO company is openly pushing homosexual Pride parades, homosexual faux marriage, and other homosexualized themes for children. The LEGO company's pride month celebration included a contest intended to groom children in homosexual ideologies. In the words of their website, LEGO seeks to “celebrate everyone you love.” In Matthew 18:6, Jesus said, “But whoever causes one of these little ones who believe in Me to sin, it would be better for him if a millstone were hung around his neck, and he were drowned in the depth of the sea.” Evangelical Christian edges out RINO in Colorado's governor race An evangelical Christian, Victor Marx, has edged out the middle-of-the-road Republican candidate in Colorado's gubernatorial race, reports Colorado Newsline. After 97% of the primary vote count has come in, Marx maintains a 1% lead. A recount may still be in the works. Trump-endorsed candidates and conservative candidates have won so far in Texas, Louisiana, Indiana, and Georgia. Abortion is up despite Roe v. Wade's demise Despite the U.S. Supreme Court's overturn of Roe v. Wade in 2022, abortions continue to rise in the United States.  The most recent numbers indicated 1.13 million abortions nationwide last year. That's up from 862,000 in 2017, reports The Christian Post. While a number of Republican-leaning states have restricted abortion, many Democrat-leaning states have opened up access to abortions.  Additionally, the Abortion Kill Pill is accessible in all states, and remains the largest driver in the uptick of abortion numbers. Psalm 94:21 says, “They gather together against the life of the righteous, and condemn innocent blood.” Dept. of Justice cracks down on medical fraud The Department of Justice is cracking down on medical fraud. More than 450 defendants were named in the latest fraud bust, with the fraud totaling more than $6.5 billion!  Robert F. Kennedy Jr., head of the Department of Health and Human Services, explained the implications of the far-reaching medical fraud bust. KENNEDY: “Our objective is straightforward: to stop the fraud before it happens. “The people charged today should understand that we will continue expanding these capabilities, strengthening and enforcement, and pursuing every credible allegation of fraud. If you exploit patients for profit, if you steal Medicaid or Medicare dollars, if you treat taxpayer dollars as your personal bank account, we will investigate you. “We will build the case, and we will bring you to justice. We will find fraud, we will stop it, we will recover taxpayer dollars whenever the law permits, and we will restore integrity to the programs that millions of Americans rely on for their care.” 7 million illegals under Biden drove up housing costs A new report out of the Federal Reserve Bank of Dallas detailed the massive impact illegal immigration has had on housing prices. Per the report, around seven million illegal immigrants entered the United States during the Biden presidency, which contributed greatly to soaring housing prices. The report further read, “A back-of-the-envelope calculation suggests that [unauthorized immigrant worker flows] can explain about 30% of the total growth in house prices and 20% of total growth in rents over the boom period for the average local market.” And Lora Ries of the Heritage Foundation asserted, “We have at least 20 million deportable aliens in the U.S. Deporting millions of them will free up the housing supply, bring down housing costs, and allow young Americans to buy homes and start families.” But are there enough workers in America to do the work?  Fewer and fewer able-bodied Americans are willing to work.  The U.S. Labor Participation rate has dipped to 61.5% — down from 67% in the early 2000s. Unemployment is running at 4.2% — slightly higher than unemployment rates prior to the Covid pandemic in 2019. Worldview listeners weigh in from Canada, Georgia and Illinois Keith Lozon in Windsor, Ontario Canada wrote me at Adam@TheWorldview.com. He said, “I listen to The Worldview in 5 Minutes every day from Monday through Friday along with the ‘Morning Wire' and Albert Mohler's ‘The Briefing.' That's how I start my day.” Amy Zdunowski in Waverly Hall, Georgia wrote, “I listen to The Worldview in the mornings as I get ready for the day. I just started listening this year. I enjoy hearing a recap of the news, especially stories about Christians around the world that you don't hear about on other platforms.” And Pat Link in Park Ridge, Illinois wrote, “I start my day with a Daily Devotion, then read The Worldview and pray and praise to God for the news stories.  Then, I read my Bible and understand more and more the guide book to my Heavenly home.” 15 Worldview listeners gave $4,249 over the weekend and on Monday And finally, over the weekend and on Monday, 15 Worldview listeners stepped up to the plate and invested their treasure to fund the six-member team behind The Worldview for another 365 days. Our thanks to Sara in Lawndale, Nebraska who gave $5 as well as Leah in Franklin, Kentucky, Lydia in Kailua Kona, Hawaii, and Aaliyah in Kailua Kona, Hawaii – each of whom gave $25. We appreciate Asher in Reisterstown, Maryland who gave $59, MariaLee in Gladstone, Missouri who gave $60, Pete in Phoenix, Arizona who gave $100, Dawna in Troy, Montana who gave $150, and Rick in Kailua Kona, Hawaii who gave $200. And we're grateful to God for the generosity of Dan in Chanhassen, Minnesota and Debra in West Winfield, New York – both of whom gave $250, Dana in Montgomery, Texas and Diana in Siloam Springs, Arkansas – both of whom gave $500, Peter in Springfield, Ohio who gave $600, and Roger in Crossville, Tennessee who gave $1,500. Those 15 gifts add up to $4,249. That's the most given in the first five broadcast days of July. Ready for our new grand total? Drum roll please. (drum roll sound effect) $10,951. (sound effect of people cheering) We need to raise $19,924 by this Friday, July 10th toward our $123,500 finish line come July 31st. We need to find 7 Worldview listeners who will pledge $100 per month for 12 months or give a one-time gift of $1,200, 9 folks who will pledge $50/month or give a one-time gift of $600 and 18 listeners who will pledge $25 per month or give a one-time gift of $300. Go to TheWorldview.com, click on Give, select the dollar amount, and make sure to click on the “recurring” button if that's your wish.  This Christian newscast champions the truth and a Biblical worldview. That's why you love it!  Invest in it today so that this newscast can continue. Again, go to TheWorldview.com, and click on Give. Close And that's The Worldview on this Tuesday, July 7th, in the year of our Lord 2026. Subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Housing projects do not rise or fall only on land, design, or political will. They also rise or fall with the cost of capital, aka the capital stack. In Episode 2 of The Briefing Room, Dom Butchko and Terry Hickey are joined by Brian McLaughlin, entrepreneur and Board Member of the Baltimore Branch of the Federal Reserve Bank of Richmond, to examine how interest rates, borrowing costs, inflation, insurance, trade policy, tariffs, and broader national economic conditions affect whether housing projects can pencil out.The conversation connects federal and national policy decisions to the realities facing developers, lenders, local governments, and communities across Maryland, exploring why tighter financing conditions can widen funding gaps, delay projects, and make housing production more difficult even when demand remains high.Whether you're a policymaker, housing professional, or simply interested in why housing has become more expensive to build, this episode offers valuable insight into the financial realities shaping housing development today.Follow us on Socials!MACo on TwitterMACo on Facebook

The arrival of Kevin Warsh as Chair of the Federal Reserve marked a regime shift. At its June meeting, the Federal Open Market Committee (FOMC) dropped its easing bias, opening the door to interest rate hikes as supply shocks collide with hotter demand. The Fed also announced five new task forces to evaluate key priorities, from inflation frameworks to AI's impact on productivity and the labor market. Under Warsh, the central bank sent an unmistakable message: This is just the opening act for a very different Fed. James Bullard, former President and CEO of the Federal Reserve Bank of St. Louis and current Dean of the Mitch Daniels School of Business at Purdue University, joins PGIM's Daleep Singh to analyze the start of the Warsh era at the Fed. They discuss policy challenges from inflation's resurgence, the case for lower rates over the long run, and potential market implications if the Fed changes how it conducts monetary policy. The conversation also covers: The Fed's reaction function amid policy shifts and economic transformation Emerging similarities to the Fed's Greenspan era How changes to Fed communications and forward guidance could influence markets Economic outcomes from the AI boom – and why fears of job destruction might be overblown

President Trump has publicly speculated that resuming military operations against Iran could trigger an economic catastrophe, warning of soaring gas prices and even a global depression. It is rumored that senior officials within the administration are driving this narrative in an effort to steer Trump away from finishing the conflict, as fears of Iranian long term impact on global oil markets appear to be exaggerated. Economist Glenn Hubbard argues that while energy markets and inflation deserve consideration, the role of economists is to analyze tradeoffs and identify ways to mitigate the economic costs of national security decisions; to inform policy, not determine it. On balance, he contends that the long-term costs of failed deterrence outweigh the short-term economic risks. So, as the administration weighs whether to return to combat or settle for an unacceptable status quo, is the greater economic and national security risk resuming the fight or leaving Iran's threats unresolved? And what price does America pay for failing to finish the job?Glenn Hubbard is a nonresident senior fellow at the American Enterprise Institute, where his work is focused on a wide range of economic issues including health care; poverty; public, corporate, and international finance; and financial markets and institutions. A former chairman of the President's Council of Economic Advisers at the White House, Dr. Hubbard concurrently serves as dean emeritus and Russell L. Carson Professor of Economics and Finance at Columbia Business School. He has also served as a deputy assistant secretary at the US Treasury Department and as a consultant to the Federal Reserve Board and the Federal Reserve Bank of New York, among other positions.Read the transcript here.Subscribe to our Substack here.

What does the Federal Reserve actually do—and how does it impact your wallet? In this must-listen episode of Money & Wealth, John Hope Bryant sits down with Federal Reserve Bank of Kansas City President Jeff Schmid for an in-depth conversation on the U.S. financial system. Together, they break down how the Federal Reserve works, why interest rates rise and fall, the difference between money and wealth, and how inflation, credit, and monetary policy affect everyday Americans. They also discuss AI, cybersecurity, financial fraud, the future of digital payments, and why financial literacy is one of the greatest tools for building generational wealth. Whether you're trying to better understand the economy or make smarter financial decisions, this episode offers an inside look at the institutions shaping America's financial future—and what it means for yours.See omnystudio.com/listener for privacy information.

With the churn of daily news growing more apocalyptic by the headline, and with earth scientists competing ferociously for the title of “gloomiest doomer,” it's time for some fun (or at least making fun) with a new fantasy-football-style draft. This time, Jason, Rob, and Asher are making their way through their top 3 signs of civilizational collapse, in 3 categories: Earth systems, pop culture, and politics. But they refuse to remain mired in the muck. Each draft pick has to be accompanied by a countervailing force, a real-world example of people facing reality and building resilience together. Originally recorded on 5/22/26.Sources & LinksThe 'Doomsday' Glacier's Giant Ice Shelf by Alison George, New Scientist, May 18, 2026Thwaites glacier in AntarcticaAntarctica's ‘doomsday glacier' by Hope Nguyen, Yahoo! News, May 20, 2026Plastic-Eating Microbe by Hafsa Aslam, UC Davis, Apr 7, 2025Gardening google search trendAdvances in AI will boost productivity, by Mark A. Wynne and Lillian Derr, Federal Reserve Bank of Dallas, June 24, 205Dallas Fed Chart 3 Possible AI Futures by Rudo Chakrabarti, Yahoo! Finance, May 9, 2026Local governments oases of compromise by Alexandra Marquez, NBC News, Oct 23, 2024North Atlantic Subpolar Gyre collapse by Laurie Laybourn, IPPR.org, Oct 9, 2024Global Tipping Points: Atlantic CirculationThe most pro-business Supreme Court ever by Felix Salmon, Axios, Aug 4, 2022Voting Rights Decision, New York Times, May 28, 2026Planetary Boundaries frameworkLand System ChangeWillamette Valley Wet PrairieWillamette Valley Upland Prairie and SavannaMaps of Crazy Town: Mar de Plastico by Rob Dietz, Resilience, Sep 4, 2025The Land Trust AllianceCommunity Land TrustsHow F1 Became the Fastest Growing Sport in the U.S. by Douglas Jase, Complex, May 6, 2026Fatalities in F1 racingExplainer: What's happening with gerrymandering in the United States—and who will “win” the redistricting battle? Harvard Kennedy School, May 4, 2026Democracy was never designed to work — but something better is emerging by Jeremy Lent, Resilience, May 6, 2026Related EpisodesEpisode 96, “The Frequent Flyer Tree: Losing the Last Bit of Sense in the Climate Emergency”Episode 103, “It Was Never Your Democracy Anyway: Thomas Linzey on Rethinking the Constitution”CreditsProduction and editing by Alex Leff. Editorial assistance and transcripts by Taylor Antal.Theme music is “Way Huge” and “Don't Give Up” by Midnight Shipwrecks, used with permission.Thanks to all the Crazy Townies, our listeners who are trying to understand humanity's overshoot predicament and do something about it.

John O'Trakoun discusses the supply shocks resulting from the recent conflicts in the Middle East and how businesses and consumers have responded to these shocks. O'Trakoun is a senior policy economist at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_07_01_supply_shocks

*What's the number one question livestock producers have about screwworms?   *A new report from the Federal Reserve Bank in Dallas shows stable but depressed conditions for farmers and ranchers.  *Nominations are open for the Texas Ag Influencer of the Year contest. *There's a lot of repair work to be done on wildfire damaged ranches in Randall County.  *The cost of the 4th of July cookout reflects an inflation increase.   *There are now two facilities producing sterile screwworm flies.  *Coastal Bend farmers are preparing for a new challenge.*This is the time of year many horses have allergies.  

Kunal Patel, Senior Business Economist, Federal Reserve Bank of Dallas: “Drilling More, Moving Less: America's Energy Traffic Jam” full 731 Fri, 26 Jun 2026 16:54:27 +0000 pzqckR2EkzWq1DSqvqLBxv0qDQOxtcU5 business CEO Spotlight business Kunal Patel, Senior Business Economist, Federal Reserve Bank of Dallas: “Drilling More, Moving Less: America's Energy Traffic Jam” David Johnson CEO Spotlight 2024 © 2021 Audacy, Inc.

It's Thursday, June 25th, A.D. 2026. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark and Adam McManus Cuban Communists keep sick Protestant pastor imprisoned Christian Solidarity Worldwide reports a Protestant pastor remains in prison in Cuba amid concerns for his health. Pastor Alexis Padrón Lorenzo leads the Communion in Faith Church in Havana. Authorities detained him on June 10, physically abused him during interrogation, and blocked family members from contacting him. This happened after Lorenzo expressed opposition to the country's communist system.  Please pray for our persecuted brothers and sisters in Christ in Cuba. The country is ranked 24th on the Open Doors World Watch List of the most oppressive countries worldwide for Christians. Write a polite, 2-sentence note of objection to Cuba's top diplomat: Lianys Torres Rivera, Cuban Consulate, 2639 16th Street NW, Washington DC, 20009. Rubio urges new Columbian president to end illegal immigration to U.S. As The Worldview reported on June 23rd, the citizens of the South American country of Colombia narrowly elected conservative Abelardo De La Espriella, who was Trump-endorsed, over left-wing candidate Iván Cepeda.  De La Espriella promised a crackdown on crime.  g the election, U.S. Secretary of State Marco Rubio posted, “The Trump Administration looks forward to working closely with your incoming administration to advance regional security cooperation, end illegal immigration to the United States, and strengthen our economic ties.” Daniel 2:21 reminds us that God “changes the times and the seasons; He removes kings and raises up kings.” Biden's illegal immigration drove up housing costs In the United States, a recent report from the Federal Reserve Bank of Dallas found illegal migration under the Biden administration drove up housing costs. The report estimates that unauthorized immigrant worker flows explain  about 30% of the total growth in house prices and 20% of total growth in rents.  Listen to comments last year by Vice President J.D. Vance on the subject. VANCE: “When we talk about housing and why costs are so high, we don't talk enough about demand. One of the drivers of increased housing demand, we know, is that we've got a lot of people over the last four years who have come into the country illegally.” Four years since Roe v. Wade overturned: Pro-life laws in 19 states Four years ago, on June 24, 2022, the U.S. Supreme Court overturned Roe v. Wade. The ruling said the U.S. Constitution does not include a right to abortion. It also handed regulation of abortion to individual states. Since then, 19 states have passed anti-abortion laws. Thirteen states ban abortions in most cases. Four states ban abortions at 6 weeks of pregnancy. And two states ban them at 12 weeks. Trump ends sexually explicit school teen programs The Daily Signal reports that the Trump administration will cut funding to many teenage pregnancy prevention programs in schools this week. The Department of Health and Human Services reviewed Teen Pregnancy Prevention Program grants. It decided to terminate most of them, ending $67 million in grants.  The administration described the grants from the Biden-era as “medically inaccurate,” “age-inappropriate,” and “sexually explicit.” U.S., Mexico, & Canada Bible societies share Christ during World Cup Bible societies are using the 2026 World Soccer Cup to engage millions of fans with Scripture. The United States, Canada, and Mexico are hosting the event. So, the American Bible Society, the Mexican Bible Society, and the Canadian Bible Society are promoting Bibles, devotionals, and evangelistic booklets.  Christian Daily International notes, “These efforts reflect a broader trend among Bible societies worldwide. As major global events attract billions of viewers, organizations are increasingly developing resources that connect Scripture with cultural moments and reach people who may not normally engage with churches or religious programs.” For example, Living Waters, founded by Evangelist Ray Comfort, has printed 2 million copies of the 2026 World Cup million-dollar bill tract available for free when you cover the shipping. They are an effective tool because there is: Instant curiosity: People pick it up and ask questions Natural transition: From “World Cup” to The Cup of Grace Clear Gospel message: Simple, direct, and memorable And it's easy to share: Great for friends, coworkers, and public outreaches Visit the website: www.LivingWaters.com/WorldCup Major League Baseball no longer requires Christian players to support perversion And finally, Major League Baseball recently announced it will not require players to wear uniforms that promote sexually perverted lifestyles.  The issue arose after three San Francisco Giants players added Bible verses to the Rainbow Homosexual Pride caps which they were initially required to wear. Republican Senator Josh Hawley of Missouri posted a letter from the Commissioner of Major League Baseball. Hawley wrote, “The Major Leage Baseball Commissioner writes to me and admits they were wrong to threaten the Giants players over Bible verses and promises never to fine or discipline these players -- or any players for their religious beliefs.” Several San Francisco Giants Christian pitchers — Landen Roupp, Ryan Walker, and J.T. Brubaker  — referenced Genesis chapter 9 on their hats about the true meaning of the rainbow. In verses 14 and 15, God said, “It shall be, when I bring a cloud over the Earth, that the rainbow shall be seen in the cloud; and I will remember My covenant which is between Me and you and every living creature of all flesh; the waters shall never again become a flood to destroy all flesh.” Landon Roup was asked about his hand-written Scripture on his cap at a press conference. ROUP: “God's covenant, and a promise that He makes to us, that His faithfulness and His mercy. It's kind of something I believe in. I stand firm in that.” Amusingly, Cyd Ziegler, the homosexual co-founder of OutSports, was enraged by the Scripture the Christian pitchers had added to the hats. ZIEGLER: “It defaced the Pride Rainbow with a Bible verse telling the LGBT community that they do not own the rainbow, that God owns the rainbow.” Mr. Ziegler, I've got news for you.  God does own the rainbow! Send a two-sentence thank you note to Robert Manfred, Major League Baseball Commissioner, 1271 Avenue of the Americas, New York, NY 10020. And send a 2-sentence thank you note to Landen Roupp for his Christian witness and outspokeness. San Francisco Giants, Oracle Park. 24 Willie Mays Plaza, San Francisco, CA 94107. Close And that's The Worldview on this Thursday, June 25th, in the year of our Lord 2026. Subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Gov. Tim Walz wants the Trump administration to release records that he says could show he and the state of Minnesota have been targeted for political retribution. Walz filed 16 records requests under the Freedom of Information Act. Earlier this week, a federal judge threw out Justice Department subpoenas for records from the offices of Walz and other Minnesota Democrats, calling them meritless and ethically questionable.Minnesota hospitality businesses are doing worse than they were last year, according to a new survey from the Federal Reserve Bank of Minneapolis. The Minneapolis Fed surveyed 120 hospitality companies about business conditions during the first quarter of 2026. A majority said profits are down compared to last year. Many businesses cited inflation, Minnesota's new paid family leave policy and increased employee absences as challenges.A Minneapolis woman who was dragged from her car by federal agents during the immigration surge has filed a civil rights complaint with the Department of Homeland Security. The complaint alleges Aliyah Rahman was assaulted, wrongfully arrested and subjected to inhumane treatment by federal agents. Her attorney says agents violated Rahman's constitutional rights and disability protections. The complaint calls on DHS to investigate the incident and implement broader policy changes.A woman charged with assaulting an FBI agent in Minneapolis last year pleaded guilty Tuesday in federal court to a misdemeanor charge. Isabel Lopez was sentenced to time served and a $25 fine. Lopez was among about 100 people who protested what they believed was an immigration raid at a Lake Street restaurant a year ago. Prosecutors agreed to drop the original felony indictment if Lopez pleaded guilty to the misdemeanor charge.Minnesotans should be prepared for potentially dangerous heat and humidity later this weekend and into next week. MPR meteorologist Sven Sundgaard says what could be the hottest air mass in the region in several years starts to arrive this weekend. Highs could reach the 90s by early next week, with heat indices possibly reaching triple digits. Before then, Minnesota will see a few more days of quiet and mild weather.

In Die Hard with a Vengeance (1995), a suspended and alcoholic NYPD Detective John McClane (Bruce Willis) is forced to play a deadly citywide game of "Simon Says" with a terrorist named Simon Gruber (Jeremy Irons). Gruber, the vengeful brother of the original villain Hans Gruber, uses bombings as a massive diversion to steal billions in gold bullion from the Federal Reserve Bank.

First-time homebuyers may get short windows of relief, but our co-head of Securitized Products Research James Egan and Senior Economist and Strategist in Morgan Stanley's Private Wealth Management Sarah Wolfe say the bigger story is a housing market resetting around a higher bar to entry.Read more insights from Morgan Stanley.----- Transcript -----James Egan: Welcome to Thoughts on the Market. I'm Jim Egan, Morgan Stanley's U.S. Housing Strategist and Co-Head of Securitized Products Strategy.Sarah Wolfe: And I'm Sarah Wolfe, Senior Economist and Strategist within Morgan Stanley Wealth Management.James Egan: And today, why first-time homebuyers are facing a tougher path to ownership.It's Tuesday, June 23rd at 10am in New York.Buying a first-time home has always been a big step, but for a growing number of first-time buyers today, the goal can really seem insurmountable.Mortgage rates might be down from where they were in the second half of 2023, but they're significantly higher than they were for the several years before that. Monthly payments have roughly doubled for a median-priced home. And my colleague Jay Bacow and I have talked several times on this podcast about how many homeowners feel like they're locked into those lower rates.And they're staying put because they just don't want to give up a two or three-handle mortgage rate for something that has a six in front of it. But Sarah, as we know, this is bigger than just first-time buyers. Now, they often start the housing transaction chain, and when they can't buy, current owners may not be able to sell and trade up.That slows turnover across the market, and it also reduces activity tied to housing – from mortgages and renovations to moving and furniture. And it can keep would-be buyers renting for longer, which adds pressure to rental demand.So, how do you see this situation? Is this just another affordability squeeze, or has the housing market reset to a higher barrier to entry?Sarah Wolfe: I do think that we're on the upper bound of affordability pressures. This is about as bad as it's going to get. But as we discussed in our recent publication of The Economy Explained, unfortunately, we do think that the housing market is resetting at a structurally higher barrier to entry. There's a lot of reasons for that.The first is higher interest rates. Yes, mortgage rates are sitting around 6.5 percent, and they should come down from here, but maybe not better than 5.5 percent, right, in an optimistic scenario. The second is demographic pressures. Remember, we have this tremendous aging population of baby boomers. All of their children are now entering their prime home-buying years, so there's a lot of demand for ownership.The third and fourth ones are land regulation and permitting, which is at the state and local level, really hard to change. And the last one is climate risk. It's just raising insurance pricing and making it much more difficult to buy a home.So overall, we see a world where, yes, mortgage rates come down a bit, improve affordability marginally, but we think neutral and other interest rates at the longer end of the curve are going to be higher than the post-financial crisis period. And what we're going to see is that those forces are going to widen the divide between who can own a home and who cannot. And who gains from that wealth accumulation and who does not.James Egan: Right. So now, you mentioned where mortgage rates are today, above that 6 percent rate. Rates did briefly – in February, we got below 6 percent before they bounced back up here. Why did that short-lived relief matter so much?Sarah Wolfe: I think that short-lived relief showed us that moves in the mortgage rate make a difference, but things are so unaffordable that it didn't make that much of a difference.So, the dip below 6 percent was very exciting. It happened this past February. It was the first time that mortgage rates fell below 6 percent since 2022, and we saw a few things happen. First, it lowered the monthly payment for first-time homebuyers from about two point two thousand dollars a month to one point nine thousand.So makes a bit of a difference. And it lowered the share of income that goes towards monthly mortgage payments from about 26 percent of income to 22 percent, from peak to trough. So, that is a notable improvement. But what we saw in the new home sales data and the existing home sales data, that it did not drive people back into the housing market.I want to turn it back to you though, Jim, because you've actually done a lot of interesting work on this. And how this change in mortgage rates has changed the monthly cost that people have to pay for a median-priced home. Can you tell us a little bit more?James Egan: Sure. So, we talk about the lock-in effect a lot, and it's kind of easy to point to: Well, there are a lot of people with mortgage rates that are around 3 percent or 3.5 percent, and the prevailing rate's at 6 percent, and that's a lot higher, so they're locked in.But when we look at the actual numbers in terms of what we're asking a homeowner to do – to list their home for sale and move to another home today, pay off that existing mortgage, take out a new one. When you take into account how much higher home prices are today…You bought a home in 2016, for instance, right? Let's assume you refinanced in 2020 or 2021 if you still live there, right? Most homeowners did. So, you've actually taken your monthly payment, and it is lower today than it was when you bought your home in 2016. If we assume that your income has risen alongside just median household income over that time period, your monthly payment as a share of your income today is probably sub 8 percent.If you bought over the past three years, your monthly payment is a share of your income. You mentioned some numbers earlier. It's low to mid 20 percent. From a dollar amount perspective, if you were to pay off that 2016 mortgage, as an example, and take out one today, your payment is probably [$]13[00] or $1400 higher. It's like a 200 percent increase. That's very difficult economically for a lot of households, and that's the kind of physical manifestation of that lock-in effect.Now, Sarah, given this significant change in housing math, what does that mean for who is actually able to buy in this market?Sarah Wolfe: It's making who's able to buy into the market a lot more selective. So, what we're seeing is that first-time home buyers today are actually not meaningfully older. They're still about 36 years old, but they are a much more selective group financially. The Federal Reserve Bank of New York put out a great analysis on this recently, and they basically found that the first-time home buyer profile today is taking out a mortgage that's nearly $350,000, compared to $240,000 in 2019 and $200,000, a decade ago. So, significant increase in mortgage balances.At the same time, credit standards have tightened significantly, so that average credit score to get a mortgage has risen quite a bit over the last 5 to 10 years. And what this is doing is it's shifting who can buy and also where they can buy. So, we're seeing higher-quality home buyers moving to lower-income zip codes. So, buying cheaper homes in lower-income metro areas, and so it's wealthier buyers in lower-income areas.And that's the really big shift that we're seeing. It's a demand resorting story. And what we're also seeing, and we hear this a lot when we talk to our financial advisors and their clients, is that family is increasingly helping their other family members put that down payment down; in particular, parents helping their children buy that first home.So, we're seeing that first-time buyers may be feeling this pressure, right, when it comes to rates. How much of this affordability issue, though, is being driven by the locked-in effect specifically?James Egan: So, look, it's clearly playing a role. We just talked about some of the math behind that. But then when you look at what that means on a nationwide basis when it comes to inventory, when it comes to so many other aspects of this, that homeowner who's unwilling to give up that lower mortgage rate, that lower payment, right, their homes are off the market.Existing inventories for sale, they've picked up from historic lows in 2023, but they're still very, very low on a long-run basis. The fewer homes there are for sale, the more upward pressure or the absence of downward pressure that's going to put on home prices, right?We saw affordability plummet in 2022 and 2023 when rates backed up. We saw existing home sales really, really come down as a result. But home prices remained at record highs. They continued to set new record highs. For home prices to actually come down, right, you need people who are willing to sell at lower home prices.Sarah, you just mentioned that lending standards themselves remain tight.Sarah Wolfe: Mm-hmm.James Egan: Those forced sales, those tend to be distressed transactions. We don't see that distress in the market providing the inventory and the motivated inventory to lead to softer home prices. So, it's really that lack of inventory which we think is in large part driven by the lock-in effect that's kept home prices. And as a result, that piece of the affordability equation kind of stuck at these higher levels.Sarah Wolfe: I mean, it's really this vicious cycle, the locked-in effect making it difficult for entry-level buyers to get into the market – and then fewer existing homeowners sell or trade up or relocate. So, on and on it goes.Are there broader implications of this freeze?James Egan: Right. So, we just talked about what that means from an inventory perspective. And then if you think about affordability remaining challenged, lending standards themselves remaining tight, inventory remaining as low as it is, you could argue that we're at one of the more difficult times that we've seen for renters to exit rentership and step into homeownership.Now, there's a lot of different things that drive rent growth, and the fact that you have a stuck renter is just one of them. The other side of that equation can be the supply of rental units, right? So that's just a piece of the equation.But those are some of the externalities that we think about when it comes to how the tightness of the housing market – what the lock-in effect and what affordability is doing there. But outside of the housing market, Sarah, the wider economy, like how do these housing costs play a role there?Sarah Wolfe: Massive effect. Some of the work that we've done shows that housing affordability is the number one driver pushing down fertility rates in America. The number one driver. Above childcare costs, above finding a partner, finding a good job. It's housing affordability. So, you could see how that could pretty significantly ripple through the broader economy.But there's other components, right? So, as we discussed earlier, it's driving migration from unaffordable areas to more affordable regions. That has significant implications. And then putting my consumer economist hat on, as we discussed earlier in the podcast, when people buy a home, they tie themselves to that home. They spend money on couches, on beds, on TVs, right? Durable goods. And if we're going to have more people as renters for longer, that's going to expand the services economy at the expense of the goods economy.All right. Let's take a step back and think about where this is all going. It hasn't been a very optimistic conversation. Jim, what is the outlook for affordability in your view? Do we get anywhere back to the post-financial crisis period or even the pre-financial crisis period?James Egan: When it comes to the outlook for mortgage rates, the outlook for affordability, the outlook for the U.S. housing market – look, we just, throughout Morgan Stanley Research and Strategy, published our 2026 major outlook. From now through the end of 2027, we don't have conventional mortgage rates getting below 6 percent.We do have affordability improving on the margins. We have income growth exceeding home price appreciation that makes it a little bit better, but that doesn't get us back to the post-GFC affordability era, which was very, very affordable. Looking back over the past several decades, it gets us closer to where we were pre-GFC, not all the way back there.But when we think about how that ripples through the housing market and how we think about that evolving from here, look, we do think that the state of mortgage credit availability means there will be a lack of distress. We think that while affordability itself may be challenged and inventories may be low, there is some level of housing activity that has to occur regardless of where mortgage rates are or affordability is.We think we found that level. We think there's support for home sales at these current levels, and that combination of support for home sales, lack of inventory, means that home prices, very little room for them to grow from here. But we think they're going to be pretty supported.So, from a housing market perspective, at a ten-thousand-foot view, we're calling it 1-2 percent growth in sales, in home prices, well-supported. But the affordability outlook that we've outlined throughout this podcast – challenged to see a lot of acceleration.Now, when we pull it back to the first-time home buyer, based on our conversation, it seems that the key question is becoming less about when to buy, more about who can still afford to enter the market.But Sarah, it's really been great talking with you about the housing market today.Sarah Wolfe: It was great speaking with you, Jim.James Egan: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today. ***Sarah Wolfe is a member of Morgan Stanley's Wealth Management Division and is not a member of Morgan Stanley's Research Department. Unless otherwise indicated, her views are her own and may differ from the views of the Morgan Stanley Research Department and from the views of others within Morgan Stanley.

As chairman and CEO of USG Corporation, Bill Foote led one of the most remarkable Chapter 11 restructurings in American business — an achievement Warren Buffett called “the most successful managerial performance in bankruptcy that I've ever seen.”Bill's career spans some of the most respected institutions in American business and finance. He spent 27 years at USG Corporation, including 15 years as chief executive, where he helped more than double the company from roughly $2 billion to $5.6 billion at its peak. He also served as chairman of the Federal Reserve Bank of Chicago during the financial crisis, held board roles with major companies including Kohler and Walgreens, and served on the board of his alma mater, Williams College.In this episode, Bill joins Matt to unpack the leadership mindset behind a business strategy so effective it became a Harvard Business School case study. Learn about how leaders make decisions when the stakes are high, how they balance competing obligations, and how they keep an organization focused when the path forward is anything but simple.Drawing on 50 years in business, Bill shares the leadership principles that guided his career, organized around three major themes: the fundamentals of leadership, leadership style and timing. From staying grounded while rising above problems, to understanding when collaboration matters more than consensus, to knowing when it is actually time to make a decision, this conversation offers a rare look at how great leaders think, lead and endure.We want to hear from you! Send us a text.Instagram - Facebook - YouTube - TikTok - Twitter - LinkedIn

The economy and markets can feel dizzying and ever changing. That's where we can help. Fisher Investments' “This Week in Review” is a weekly segment designed to highlight a few things you may have missed this week, what they could mean for financial markets and why they matter to investors like you. This week, Fisher Investments reviews: • Eurozone and UK inflation data trends • The Fed's recent interest rate decision • US and Iran peace deal developments Below are the sources for all data cited in today's show: 1. Source: The Federal Reserve, as of 6/18/2026. Fed Funds Policy Rate. 2. Source: The Federal Reserve, as of 6/18/2026. “Federal Reserve Issues FOMC Statement”, 6/17/2026. 3. Source: FactSet, Federal Reserve Bank of St. Louis, as of 6/18/2026. S&P 500 Price Return Index, Market Yield on US Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis, 6/16/2026 – 6/17/2026. 4. Source: Trading Economics, as of 6/18/2026. European Central Bank Interest Rate Decisions, United Kingdom Interest Rate, September 2023 – June 2026. 5. Souce: New York Times, as of 6/18/2026. “A Look at the Text of the Agreement Between the United States and Iran”, 6/17/2026. 6. Source: TradingEconomics, as of 6/17/2026. Y/y Euro Area Headline Consumer Inflation Index, April 2026 – May 2026. 7. Source: TradingEconomics, as of 6/17/2026. Y/y United Kingdom Headline Consumer Inflation Index, April 2026 – May 2026. 8. Macrobond, as of 6/18/2026. Y/y percent change in M2 (money supply) for US, UK, eurozone and Japan, local currencies, monthly, January 2005 – April 2026. Want to dig deeper? • Ken Fisher on the potential impact of a new Federal Reserve Chair on US monetary policy: https://www.youtube.com/watch?v=qyNehslULa0&t=1s • What talk of a new US peace deal with Iran means for markets: https://www.fisherinvestments.com/en-us/insights/market-commentary/a-market-perspective-on-iran-truce-whisperings Have feedback for this Fisher Investments video? Share your thoughts on this episode in just 1 minute by filling out this survey: https://fi.co1.qualtrics.com/jfe/form/SV_6Vw1ezlogR044S2?VideoCode=WeekInReview19Jun2026 Connect with Fisher Investments on: • Facebook - https://www.facebook.com/FisherInvestments • X - https://twitter.com/fisherinvest • LinkedIn - https://www.linkedin.com/company/fisher-investments • Instagram - https://www.instagram.com/fisher.investments/ • TikTok - https://www.tiktok.com/@fisher_investments You can also follow Ken Fisher here: • Facebook - https://www.facebook.com/KenFisher.FisherInvestments • X - https://twitter.com/KennethLFisher • LinkedIn - https://www.linkedin.com/in/ken-fisher/ • Instagram - https://www.instagram.com/kenfisher_fisherinvestments/ Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.

Urvi Neelakantan describes how employment, income growth and consumption can differ between groups of households and reviews recent trends in this divergence of economic outcomes. Neelakantan is a senior policy advisor at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2026/speaking_2026_06_17_k-shaped_economy

In this episode of the Matthews Mentality Podcast, Kyle Matthews sits down with Jodie McLean, CEO of EDENS, one of the nation's largest privately held owners, operators, and developers of open-air retail and mixed-use destinations.Jodie's journey is anything but conventional. She joined EDENS as a financial analyst fresh out of college and spent more than three decades helping transform the company into a real estate powerhouse with a portfolio that serves millions of people every day. Along the way, she became one of the most respected leaders in commercial real estate, served as Chair of the Federal Reserve Bank of Richmond, and helped redefine what retail real estate can be in a rapidly changing world.Kyle and Jodie discuss leadership, mentorship, career longevity, the future of retail, artificial intelligence, community building, and the lessons learned from leading through economic cycles, e-commerce disruption, and changing consumer behavior.In this episode, you'll learn:• How Jodie rose from analyst to CEO after 36 years at one company • Why loyalty, impact, and long-term thinking still matter in today's business world • The leadership lessons that shaped EDENS' culture and growth • How e-commerce transformed retail real estate—and why physical places matter more than ever • Why AI may increase demand for human connection, not decrease it • What makes great communities and thriving mixed-use developments • Her experience serving as Chair of the Federal Reserve Bank of Richmond • The challenges and opportunities of being a female leader in commercial real estate • Why culture ultimately beats strategy in building great organizations • The importance of mentorship, curiosity, resilience, and taking calculated risksJodie also shares the story of nearly leaving EDENS, the mentor who changed her career trajectory, and the bold decisions that helped shape one of the most innovative retail real estate companies in America.Whether you're an entrepreneur, executive, investor, commercial real estate professional, or someone looking to build a meaningful career, this conversation is packed with wisdom on leadership, purpose, and creating lasting impact.Follow Jodie McLean: LinkedIn: Jodie McLean Instagram: @jodiewmcleanLearn More About EDENS: https://www.edens.comFollow Kyle Matthews: Instagram: @KyleMatthewsCEO X: @KyleMatthewsCEO LinkedIn: Kyle Matthews TikTok: @KyleMatthewsCEO#JodieMcLean #EDENS #CommercialRealEstate #Leadership #Entrepreneurship #RetailRealEstate #BusinessPodcast #MatthewsMentality #CEO #WomenInBusiness #RealEstateDevelopment #CommunityBuilding #FederalReserve #BusinessLeadership #KyleMatthewsCEO

Prices are rising at their fastest clip in three years, according to new data out Wednesday. What does this mean for interest rates? Loretta Mester, former president and CEO of the Federal Reserve Bank of Cleveland, explains the likely economic impact.Then, a new government report out this week found that unless Congress passes new laws soon, Social Security will not be able to pay out full benefits to all eligible seniors starting in 2032. Former Social Security commissioner Michael Astrue shares more.And, Team USA will play its first match of the 2026 FIFA World Cup tournament on Friday against Paraguay. NPR's sports correspondent Becky Sullivan gives more details from Los Angeles, where the game will take place.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

I've worked from home for about fifteen years, and I like it. I'm a writer, I'm fine being on my own, and I've got the cats for company. But there's one thing I miss, those little water-cooler conversations with colleagues, and a new study published in the journal Science speaks to exactly that. Economist Natalia Emanuel and her colleagues at the Federal Reserve Bank of New York set out to answer a deceptively simple question: what does remote work actually do to our mental health? The catch is that you can't ethically grab a thousand workers and order half of them to stay home for two years, so they had to get clever about how they studied it. In this episode I walk through that workaround, comparing "remotable" jobs to "non-remotable" ones, and what they found about isolation, anxiety, and well-being. I also put my skeptic hat on, because there's a real question hiding underneath the findings. Maybe working from home makes people lonelier, or maybe people who are already a bit more solitary are the ones who gravitate toward jobs they can do alone, in which case it's personality doing the work, not the office setup. That's the self-selection problem, and it's the reason random assignment matters so much in research. Along the way we get into why losing daily human contact can affect not just your mood but your immune and cardiovascular health, why I think community theater is part of what keeps my own solitude from tipping into isolation, and what both employers and remote workers might do about all of this.

Whip open your wallets, because no one affects your paycheck like this man. We just sat down with Austan Goolsbee — President of the Federal Reserve Bank of Chicago. He's a Macarthur Genius, former Chair of Obama's Economic Advisors, and the coolest economist we know: Picture Ted Lasso meets Paul Volcker… He's the Maestro of our Money Supply, and he guided the economy through the ‘08 financial crisis and today's Inflation Situation.So Auston spilled the money beans for us: The 2009 phone call with the President that was the worst financial briefing since the Great Depression… What it's like in the room when he votes to change interest rates (spoiler: The table is huuuuge)... How he'd grade outgoing Fed Chair J-Poww… and why he's not a “Dove” or a “Hawk” — He's a “Data Dog.”If you want to know when you can finally afford buy a house, then Austan Goolsbee has the insights on the forces affecting that — And he makes dropping data sound as smooth as a beer commercial.CHAPTERS:Intro: Austan Goolsbee Joins TBOYObama's "Worst Briefing Since 1932" — Goolsbee On The 2009 Financial CrisisPaul Volcker's One Rule For Every Crisis: Don't Blow Your CredibilityThe 31% Housing Rule: Why Most Americans Are At Foreclosure RiskWhy Housing Has Compounded 5% A Year For 25 YearsDid Tariffs Cause Inflation? Goolsbee On The 1% BumpIs Stagflation A Real Threat In 2026? Goolsbee Says "We're Not 1978"Will AI Take Your Job? The Lump Of Labor Fallacy ExplainedWhy The Federal Reserve Has 12 Regional BanksInside The FOMC: How The Fed Actually Sets Interest RatesGoolsbee On Kevin Warsh: The New Fed Chair & Why The Job MattersThe "Data Dog" Approach: What Goolsbee Watches Instead Of CPIFed Independence: Why Inflation Roars Back Without ItGoolsbee's Jerome Powell Grade: First Ballot Hall Of FamerRapid Fire: Sunk Cost Fallacy, Ditka, And Best Chicago RestaurantNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

It's the Beigie awards! Our less than ten times a year salute to the art and science of telling stories about the economy. Today on the show, Kevin Dancy, vice president and regional executive at the Federal Reserve Bank of Atlanta, lays out a worrying consumer trend that's affecting how retailers do business.Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com/#tourThe Indicator has a weekly newsletter! Be among the first and sign-up now: npr.org/indicatornewsletterRelated episodes: A little doomsday feeling is weighing on the economyHow to beach on a budgetFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy