Big ideas and big debates, explained through intimate conversations with the compelling personalities who shape them. AI and biotech. Higher education and health care. Climate and sustainability. Politics and the media. Culture and culture wars. Hosted by Boston Globe columnist Shirley Leung.
It’s arguably the most important number in the US economy: the federal funds rate, better known simply as the Federal Reserve’s “interest rate.” The Fed picks a rate eight times a year, which dictates how easy it is for consumers and businesses to borrow money for entrepreneurship, home buying, credit cards, and more. But Susan Collins, president of the Federal Reserve Bank of Boston — the first woman of color to lead any regional federal reserve bank — says the Fed’s job goes way beyond setting interest rates. On today’s episode, she talks about traveling across New England to meet families struggling with the high cost of housing and child care, and how their stories influence decisions made by the nation’s central bank. Email us at saymore@globe.com.
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