Dec 20, 2022

“The Fed is still behind the curve”

Mandel Ngan/AFP via Getty Images

Today, economist Mohamed El-Erian discusses where he thinks the central bank went wrong in addressing inflation and where it should go from here. Also, the EU takes aim at app stores.

Segments From this episode

Economist El-Erian calls on the Fed to start “owning their mistakes”

by Kai Ryssdal , Andie Corban and Maria Hollenhorst

Dec 20, 2022

The prominent economist Mohamed El-Erian said the Fed is still “behind the curve” on inflation.

Mohamed El-Erian, chief economic adviser for Allianz, blames the Fed for failing to act sooner on inflation.

Rob Kim/Getty Images

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Consumers have kept the economy humming. How long can they keep it up?

by Sabri Ben-Achour

Dec 20, 2022

Although they're contending with inflation and economic uncertainty, they continue to rack up debt and burn through their savings.

With consumers racking up debt and burning through savings, economists expect a pullback in spending.

Justin Sullivan/Getty Images

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The lessons of operating in-person

We check in with Annie Lang Hartman, owner of the stationery and gift company Wild Lettie in Leelenau County, Michigan, about how her holiday quarter is going.

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Can the EU break Google and Apple's app store dominance?

by Meghan McCarty Carino

Dec 20, 2022

The European Union's Digital Markets Act could have implications beyond Europe's borders — even in the U.S., where similar bills didn't make it through Congress.

Chris Delmas/AFP via Getty Images

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New rule for electric car tax incentive delayed

by Samantha Fields

Dec 20, 2022

The rule requires a percentage of battery components to be sourced in the U.S. or countries that have free-trade agreements with the U.S.

Electric vehicle tax credits are currently only available to people who buy cars assembled in the U.S. Above, EVs being produced in Michigan.

Jeff Kowalsky/AFP via Getty Images

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What it means to buy a house on a block that loves Christmas

by Stephanie Hughes

Dec 20, 2022

Residents of 34th Street in Baltimore purchased not just a dwelling, but a whole new way of life during the month of December.

Joey Zeledon (left) and Martelle Esposito work on the display in front of their home on 34th Street in Baltimore.

Stephanie Hughes/Marketplace

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Music from the episode

Starring You Shafiq Husayn

Passion Fruit Drake

Counting Stars Nujabes

All I Want For Christmas Mariah Carey

Billionaire (feat. Bruno Mars) Travie McCoy

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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