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What the Fed can’t do
Sep 17, 2020

What the Fed can’t do

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Fed Chair Jerome Powell testifies during a hearing on Capitol Hill in June. The Fed has improved their outlook, one analyst said. Tasos Katopodis/Getty Images
Fed Chair Jerome Powell offered a dreary assessment of the economy after his policymaking team's last interest rate meeting before the elections. And, how homebuilders are trying to recruit more workers amid growing demand for new houses.

Segments From this episode

Fed plans to keep interest rates near zero through 2023. What else can it do for the economy?

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Sep 17, 2020
Fed Chair Jerome Powell said another relief package from Congress will likely be needed.
The Fed can't make grants. That's Congress' job. "These are lending powers, not spending powers," Fed Chair Jerome Powell said Wednesday.
Brendan Smialowski/AFP via Getty Images
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The homebuilding industry still needs thousands of workers, and it's looking in new places to hire

by Amy Scott
Sep 17, 2020
A training program for high school students in the juvenile justice system aims to expand the pool of candidates for entry-level jobs.
A construction worker roofing an apartment complex in Uniondale, New York. Construction, generally considered essential, has continued in the pandemic.
Al Bello/Getty Images
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The team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Brian Allison Engineer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Rose Conlon Producer
Alex Schroeder Producer

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