How To Save The Economy Now

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 20 March 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Neel Kashkari is the President of the Minneapolis Fed. And he's run a bailout of an economy already. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0	This is Planet Money from NPR.
0:07.1	Back in 2008, 2009, Neil Keshe-Kari worked for the federal government.
0:11.2	He was running tarp, the federal bailout program for the banks and the car companies.
0:15.5	Now he works at the Federal Reserve.
0:17.5	He's the president of the Minneapolis Branch of the Fed and he's on the Federal Open Market
0:21.2	Committee.
0:22.2	That's the part of the Fed that sets policy for the whole country.
0:24.6	In other words, he was in the room where the key things happened in the bailouts of 2008.
0:29.3	And now, like just this week as the Fed is trying to prevent the economic crisis from becoming
0:34.5	a full-blown financial crisis, he is in the room again.
0:37.9	I mean, sort of.
0:39.2	Neil.
0:40.2	Hi, it's Jacob Goldstein.
0:43.8	Hi, how are you?
0:45.0	I'm fine, thanks.
0:46.0	How are you?
0:47.0	I'm very well, thank you.
0:48.0	I'm talking to you from a closet.
0:49.8	Does it sound okay?
0:51.2	It does sound okay.
0:52.9	Where are you?
0:53.9	I'm in my basement at home.
	...

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