The Fed is on the hook for an estimated one-and-a-half trillion dollars. Despite the recent headlines, that's not because of building renovations. It's a much larger cost blowout caused by big actions taken during the pandemic to help the economy: quantitative easing.
Today on the show, we talk to both a critic of these actions and someone who helped put those those actions in play.
Related episodes:
It's hard out there for a Fed chair
How the Fed got so powerful
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Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.Copyright 2025 NPR