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The Indicator from Planet Money · July 2, 2026 · 8m

Does the new Fed chair care about jobs?

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This short episode from The Indicator examines new Federal Reserve Chair Kevin Warsh's first interest rate decision and press conference. Warsh, who took over last month, barely mentioned the employment side of the Fed's dual mandate. The team asks whether the new chair cares about jobs, or if his focus is entirely on inflation. The episode explores the Fed's dual mandate and what a chair's priorities mean for workers.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Canon

Fed Dual Mandate
The Federal Reserve has two objectives: maximum employment and stable prices, known as the dual mandate.

Highlights

Kevin Warsh's First Fed Meeting
Kevin Warsh presided over his first interest rate decision as Federal Reserve Chair.
Questioning the New Chair's Employment Commitment
The episode asks whether Kevin Warsh cares about the jobs side of the Fed's mandate, given his first press conference.
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