This podcast episode explores the recent decision by the Federal Reserve to hold interest rates steady and the impact it has on businesses and various sectors of the economy. It discusses the understanding that businesses have about the tools available to the Federal Reserve to regulate the economy and the complexities of interest rate decisions. The episode also delves into the effects of high interest rates on housing projects, with big vacation homes continuing their remodels while smaller private homes experience a slowdown. The concept of policy experimentation is highlighted, drawing a parallel between a cabinet manufacturer trying out different kitchen designs and the Federal Reserve trying out policies. The episode concludes with recognition of the Beigie Award winner and a brief introduction to a reporter covering voting and election security for NPR.
