Why the Fed is trapped by inflation
About this episode
The episode discusses rising inflation, its impact on interest rates, Social Security funding issues, and Team USA's upcoming match in the 2026 FIFA World Cup.
Prices are rising at their fastest clip in three years, according to new data out Wednesday. What does this mean for interest rates? Loretta Mester, former president and CEO of the Federal Reserve Bank of Cleveland, explains the likely economic impact. Then, a new government report out this week found that unless Congress passes new laws soon, Social Security will not be able to pay out full benefits to all eligible seniors starting in 2032. Former Social Security commissioner Michael Astrue shares more. And, Team USA will play its first match of the 2026 FIFA World Cup tournament on Friday against Paraguay. NPR’s sports correspondent Becky Sullivan gives more details from Los Angeles, where the game will take place. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy
People in this episode
Guests: Loretta Mester, Michael Astrue, Becky Sullivan
Topics covered
- inflation
- interest rates
- Social Security
- 2026 FIFA World Cup
- economic impact
- government report
Keywords
- inflation
- interest rates
- Social Security
- 2026 FIFA World Cup
- economic impact
- government report
- Loretta Mester
- Michael Astrue
- Becky Sullivan
Mentioned in this episode
Organizations: Federal Reserve Bank of Cleveland, Social Security
Places: Los Angeles, Paraguay
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