90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Fed Considers Action

Job numbers are bad. The Fed weighs juicing the American economy – again. Should it do it now? We’ll hear the arguments.

Federal Reserve Chairman Ben Bernanke speaks to educators in the board room of the Federal Reserve in Washington, Tuesday, Aug. 7, 2012, during a town hall meeting. (AP)

Federal Reserve Chairman Ben Bernanke speaks to educators in the board room of the Federal Reserve in Washington, Tuesday, Aug. 7, 2012, during a town hall meeting. (AP)

Last month, Ben Bernanke was in Jackson Hole, Wyoming talking “grave concern” about American jobs.  Last week, the numbers came in.  Worse than expected.  And now, this week in Washington, the Fed is looking at big intervention again to try to move the US economy.

It’s part of the Federal Reserve Bank’s stated job to defend employment.  But its tools are wearing thin.  Republicans mutter that the timing is political.  Mitt Romney says it would fuel inflation.  But QE3 may be on the way.

This hour, On Point:  Should the Fed juice the US economy again?

-Tom Ashbrook

Guests

Ben White, Wall Street correspondent from Politico and author of the “Morning Money” column covering the intersection between finance and public policy.

Alan Blinder, professor of economics at Princeton University.

Martin Eichenbaum, professor of economics at Northwestern University.

From Tom’s Reading List

Washington Post “As the Federal Reserve prepares to take what is expected to be new action to stimulate the economy this week, divisions at the central bank may be undermining its efforts to speed up economic growth and lower unemployment.”

Bloomberg “Oil was little changed in New York as traders waited to see whether the Federal Reserve will announce measures to revive the economy this week.”

CNBC “After lackluster job creation in August, economists and the markets are readying for another round of Fed asset purchases, or quantitative easing. The only question now is do policy makers act in September or wait until the fiscal drag pulls down the U.S. growth rate?”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Oct 1, 2014
Pro-democracy protesters hold umbrellas under heavy rain in a main street near the government headquarters in Hong Kong late Tuesday, Sept. 30, 2014. The protesters demanded that Hong Kong's top leader meet with them on Tuesday and threatened wider actions if he did not, after he said China would not budge in its decision to limit voting reforms in the Asian financial hub. (AP)

China, democracy and Hong Kong. They’re in the streets in Hong Kong with their “Umbrella Revolution.” What now?

Oct 1, 2014
Actress Eva Longoria, center, Henry R. Munoz III, co-founder of the Latino Victory Project, left, and Rep. Joaquin Castro, D-Texas, are seated at an event launching The Latino Victory Project, a Latino political action committee, at the National Press Club in Washington, Monday, May 5, 2014. (AP)

Latino America. It is very large and growing very fast. How will it move the country?

RECENT
SHOWS
Sep 30, 2014
In this Jan. 15, 2013, photo, Rosser Pryor, Co-owner and President of Factory Automation Systems, examines a new high-performance industrial robot at the company's Atlanta facility.  (AP)

Nicholas Carr says automation, all over, is turning us into zombies. Out of touch with the world. He’s with us.

 
Sep 30, 2014
St. Louis county police officers advance on protestors trying to shut down Interstate 70 in Berkeley, Mo. on Wednesday, Sept. 10, 2014 near the St. Louis suburb of Ferguson, Mo. where Michael Brown, an unarmed, black 18-year old was shot and killed by a white police officer on Aug. 9. (AP)

Police shootings, cop culture, body cameras. And the big debate over how to protect the public and the police.

On Point Blog
On Point Blog
Transcript: Peter Thiel Wants Us All To Go From ‘Zero To One’
Tuesday, Sep 30, 2014

Entrepreneur Peter Thiel on innovation, technological failure and humanity’s uncertain future.

More »
Comment
 
Transcript: Sexual Violence Under ISIS Control
Tuesday, Sep 30, 2014

A transcript from our September 25, 2014 conversation on the Islamic State and sexual violence.

More »
Comment
 
Our Week In The Web: September 26, 2014
Friday, Sep 26, 2014

All of you love to listen to old broadcasts when we play them, and Taylor Swift loves the Internet.

More »
Comment