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Jan 11, 2024

What Alan Greenspan got right and wrong at the Fed

A biographer discusses the former chairman’s complicated legacy. Plus, raising cattle costs a lot more than it used to.

Alan Greenspan’s greatest legacy may be the Fed’s independence
by Kai Ryssdal and Sean McHenry
Saul Loeb/AFP via Getty Images
Greenspan ignored political pressure to cut interest rates so that he could bring down inflation, says author Sebastian Mallaby.
Why we care about wholesale numbers
by Kai Ryssdal and Sofia Terenzio
Using census numbers released Wednesday, “Marketplace” host Kai Ryssdal looks at wholesale inventories and how some small businesses are taking stock in the new year.
If inflation slowed down in 2023, why is my grocery bill so high?
by Stacey Vanek Smith
Stacey Vanek Smith
2023 was officially a very good year for the US economy: unemployment stayed near record lows, the markets were strong, and inflation came under control. So with all this good news, why does looking at the grocery bill still feel a little like getting poked with a cattle prod?