February 13, 2025· 27 min

How the Fed Distributes Billions of Dollars in Cash

Austan Goolsbee

Orality

Model

85%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(1,065 words)

M:29%

HostJoe Weisenthal(1,088 words)

M:93%

GuestAustan Goolsbee(1,082 words)

M:93%

Oral Indicators

Agonistic26%

very, definitely, totally

Engagement62%

you, our, your

Memory Aids100%

listen, now, right

Repetition100%

cash (44x), it's (41x), money (38x)

Parallelism64%

And Joe Weisenthoff...., But in the meantime, you can f..., And there's gonna be one more ...

Sound Patterns54%

27 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases12%

let me tell you, i mean, the thing is

Literate Indicators

Hedging11%

could, might, probably

Passive Voice8%

be announced, being severed, been signed

Abstract Nouns19%

investment, quietness, observation

Subordination12%

until, while, because

Sentence Length27%

Avg: 11.7 words/sentence

Word Complexity45%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style38%

310 personal pronouns found

Descriptive Style56%

definitely, freely, actually

Description

We all know that the Federal Reserve tries to stabilize the economy by raising or cutting interest rates to balance inflation and unemployment. But the central bank’s mandate actually goes beyond monetary policy. The Fed is also responsible for reviewing and distributing billions of dollars in cash to banks all over the US. In this episode, we go deep inside the vaults of the Federal Reserve Bank of Chicago to see how physical money actually gets moved around. Chicago Fed President Austan Goolsbee is our guide for the tour, and you’ll hear how the central bank gets its cash, how it checks it for authenticity and condition, and how it gets currency to where it needs to be. Read more: Fed’s Goolsbee Sees Uncertainty Driving Shallower Rate-Cut Path Odd Lots is going to Washington, DC! Get your tickets here. See omnystudio.com/listener for privacy information.

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