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The Cheap Money Era Isn't Coming Back
30 September 2026

The Cheap Money Era Isn't Coming Back

What Next | Daily News and Analysis

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In the face of a tariff shock, an energy shock and a fiscal shock, the Fed is opting to raise interest rates. Donald Trump may not like it, but he has only himself to blame.

Guest: Justin Wolfers, Professor of Public Policy and Economics at University of Michigan, host of Platypus Economics.


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Podcast production by Evan Campbell, Madeline Thames-Ducharme and Patrick Fort.


Paige Osburn is the senior supervising producer of What Next and What Next TBD.

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