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Episode 1295Dec 2, 2024

Should the Fed open more regional reserve banks?

We’ll explain the very geeky (but very important) debate.

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Should the Fed open more regional reserve banks?
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Nine of the Federal Reserve’s 12 reserve banks are on the Mississippi River or east of it. One former Fed official says it’s caused the central bank to disproportionately reflect the interests of the eastern United States. We’ll get into it. And, we’ll unpack how some businesses are pushing consumers to shop now in anticipation of potential tariffs under the incoming Donald Trump administration. Plus, we’ll smile about one runner’s 700-mile quest to create art on the GPS-tracking app Strava.

Here’s everything we talked about today:

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The Team