October 2, 2023· 44 min

The Fed's Tom Barkin On the Impact of Higher Interest Rates

Orality
Model
65%
Mixed oral/literate (blogs, casual essays)

Speaker Breakdown

HostTracy Alloway(1,971 words)
M:29%
HostJoe Weisenthal(1,086 words)
M:93%
GuestTom Barkin(5,020 words)
M:29%

Oral Indicators

Agonistic31%
literally, completely, very
Engagement77%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
know (75x), think (63x), about (58x)
Parallelism91%
So, Matt, I I'm so glad you're..., But overall, it kind of feels ..., So it's almost like, you know,...
Sound Patterns45%
41 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases4%
i mean, the bottom line

Literate Indicators

Hedging9%
maybe, might, quite
Passive Voice4%
being reflected, are concerned, been sixteen
Abstract Nouns19%
investment, recommendation, inflation
Subordination7%
until, because, whereas
Sentence Length39%
Avg: 14.8 words/sentence
Word Complexity47%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style23%
694 personal pronouns found
Descriptive Style88%
literally, completely, particularly

Description

The US economy has so far withstood the effects of higher interest rates a lot better than expected. Unemployment is still at historic lows, even while inflation has cooled and the Federal Reserve has hiked rates for about 18 months. That's not how things are supposed to work according to traditional economic theory. So what's going on? On this episode, we speak with Richmond Fed President Tom Barkin about how he's viewing the impact of higher rates right now. He talks about what businesses are telling him about their plans, and what sectors of the economy could still feel the long and variable lag from tighter monetary policy. See omnystudio.com/listener for privacy information.