Jun 11, 2020

Fed reacts to inequality, high unemployment

"We will use our tools to support maximum employment and take that definition to heart," Fed Chair Jerome Powell said Wednesday. Federal Reserve via Getty Images

America's top economic policymakers at the Federal Reserve think the COVID-19 economy will linger on. How the U.S. shelters homeless people during a pandemic. And, how Starbucks has been hit the decline in commuting.

Segments From this episode

COVID-19

Amid bleak economic projections, Fed votes to keep interest rates near zero

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder

Jun 11, 2020

The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.

The Federal Reserve Wednesday issued projections showing interest rates near zero through 2022.

Mandel Ngan/AFP via Getty Images

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COVID-19

With commuting down, fast-food breakfast sales have slowed

by Justin Ho

Jun 11, 2020

Starbucks and other companies are now competing over delivery and takeout convenience.

The largest share of Starbucks sales happen during the morning commute, but competition over breakfast sales has all but evaporated.

Justin Sullivan/Getty Images

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Music from the episode

Drive Slow Kanye West, Paul Wall, GLC

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

Meredith Garretson Morbey Senior Producer

Alex Schroeder Producer

Erika Soderstrom Producer

Rose Conlon Producer

Brian Allison Technical Director

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