Mar 2, 2023

Treasury Secretary Yellen on Ukraine, inflation and the debt ceiling

Genya Savilov/AFP via Getty Images

Today, Treasury chief Janet Yellen joined "Marketplace" host Kai Ryssdal to discuss global and domestic economic concerns. Plus, the shifting definition of "discretionary" spending.

Segments From this episode

Yellen: "Progress on inflation is not going to be a straight line"

by Kai Ryssdal , Andie Corban and Sarah Leeson

Mar 2, 2023

The Treasury secretary says "people don't need to lose their jobs" to cool down the labor market.

"There's a great sense of community but an enormous amount of trauma that everyone in Ukraine is experiencing," Treasury Secretary Janet Yellen says. Above, Yellen at a school in Kyiv earlier this week.

Genya Savilov/AFP via Getty Images

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The bond market yield curve is inverted — which some economists think foreshadows a downturn

by Sabri Ben-Achour

Mar 2, 2023

The yield for a two-year note is roughly a whole percentage point higher than the yield on the 10-year Treasury right now. And that often precedes a recession.

A 10-year bond theoretically locks up your money for 10 years in exchange for some yield or other. But its worth depends on the what the future looks like with inflation, interest rates and the economy.

VallarieE/Getty Images

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Amid persistent inflation, just what is "discretionary" spending?

by Savannah Peters

Mar 2, 2023

Retailers’ financial results show weaker spending on nonnecessities like electronics. Here's where consumers are pulling back.

As consumers tighten their purse strings, expenses like takeout and dining out may be on the chopping block.

Valerie Macon/AFP via Getty Images

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Music from the episode

Headlines DJ Premier

The Cup Stacker Vulfpeck

Sound is Vibration Atmosphere

The Bridege Emancipator, Lapa, Frameworks, Tor

1 Thing Amerie

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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