{"podcast":{"title":"Monetary Policy Explained with Fexingo: Central Banks, Money Supply, and Interest Rates","slug":"monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013","podcast_index_feed_id":7872013,"rss_url":"https://feeds.fexingo.com/business/monetary-policy-explained.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/monetary-policy-explained/cover.png","author":"Fexingo","episode_count":116,"summary":"Lucas and Luna examine how central banks shape the economy through money supply and interest rates. Each episode dissects a specific policy move — a rate hike by the Federal Reserve, a quantitative easing program by the ECB, or a reserve requirement change by the People's Bank of China — and traces its impact on inflation, employment, and financial markets. Lucas brings the macroeconomic framework, citing exact data points from recent central bank statements and academic research. Luna pushes for the real-world implications: what does a 25-basis-point increase mean for a small business owner in Ohio or a bond trader in London? Together, they strip away jargon to reveal the mechanics of monetary transmission. The show serves investors, economics students, and professionals who need to understand policy signals without the noise. No hot takes, no political spin — just a clear-eyed look at how decisions made in marble halls ripple through the global economy. Can a central bank really steer growth without causing a recession? Lucas and Luna don't claim to have the answer, but they give you the tools to decide for yourself. #MonetaryPolicy #CentralBanks #FederalReserve #ECB #InterestRa…","last_synced_at":"2026-07-17T16:19:46.455535+00:00","page_url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013"},"episode":{"title":"Why Central Banks Are Now Targeting the Whole Yield Curve","slug":"why-central-banks-are-now-targeting-the-whole-yield-curve","published_at":"2026-06-25T19:36:15+00:00","page_url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013/why-central-banks-are-now-targeting-the-whole-yield-curve","show_page_url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013","url":"https://audio.fexingo.com/business/monetary-policy-explained/episode-0073.mp3","audio_url":"https://audio.fexingo.com/business/monetary-policy-explained/episode-0073.mp3","summary":"In this episode of Monetary Policy Explained, Lucas and Luna dive into a relatively new but powerful tool: yield curve control. They use the Bank of Japan's experience since 2016 as their case study, explaining how a central bank can target not just the short-term policy rate but specific longer-term yields. Lucas walks through the mechanics—how the BoJ commits to buying unlimited ten-year Japanese government bonds at a fixed yield—and why this goes beyond ordinary quantitative easing. They discuss when such a policy makes sense (usually when short rates are already at zero) and the risks, including the loss of market price discovery and the challenge of eventually exiting. Luna presses on whether the Fed or ECB could ever adopt this approach, and Lucas explains why they've resisted. The episode also touches on the UK's brief experiment with yield curve control in 2022. Specific numbers and dates anchor the discussion: the BoJ's original 0 percent target for ten-year yields, later moved to plus or minus 0.5 percent, and the current band of 1.0 percent. Listeners will come away understanding the difference between yield curve control and quantitative easing, and why this tool remains controversial. #YieldCurveControl #BankOfJapan #CentralBanking #MonetaryPolicy #BondMarkets #JGBs #QuantitativeEasing #NegativeRates #Economics #FexingoBusiness #BusinessPodcast #Finance #MacroEconomics #BoJ #YieldTarget #PolicyTools #InflationTargeting #CentralBankIndependence Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode of Monetary Policy Explained, Lucas and Luna dive into a relatively new but powerful tool: yield curve control. They use the Bank of Japan…","key_points":[],"chapters":[],"topics":[],"duration_seconds":567,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013/episodes/why-central-banks-are-now-targeting-the-whole-yield-curve/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/monetary-policy-explained-with-fexingo-central-banks-money-supply-and-interest-rates-7872013/why-central-banks-are-now-targeting-the-whole-yield-curve.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}