LISTEN LIVE: The Daily

Advertisement

 

Federal Reserve Announces 'Robust Updating' Of Inflation Policy As Job Market Stagnates03:43
Download

Play
This article is more than 1 year old.

The stock market opened higher on Thursday after Federal Reserve Chair Jerome Powell announced a major shift in inflation policy. The Fed will allow inflation to rise about their 2% targets, defying the previous orthodoxy.

The move comes after another jobs report showed only minimal gains against historically high unemployment.

NPR's Scott Horsley discusses the latest on the economy with host Jeremy Hobson.

This segment aired on August 27, 2020.

Related:

Advertisement

 

Advertisement

 
Play
Listen Live
/00:00
Close