{"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 Watching the Neutral Rate of Interest","slug":"why-central-banks-are-watching-the-neutral-rate-of-interest","published_at":"2026-07-03T07:37:26+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-watching-the-neutral-rate-of-interest","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-0088.mp3","audio_url":"https://audio.fexingo.com/business/monetary-policy-explained/episode-0088.mp3","summary":"In this episode, Lucas and Luna dig into the neutral rate of interest—often called R-star—and why it has become a fixation for central bankers. They walk through the concept of the 'real' neutral rate, explain why it's invisible and must be estimated, and look at recent Fed research suggesting R-star may have risen to around 1.2 percent, up from pre-pandemic estimates near zero. The hosts explore what that shift means for monetary policy today, including whether rates are actually as restrictive as they seem. Using the New York Fed's Holston-Laubach-Williams model as a concrete example, they unpack the uncertainty around these estimates and what happens when policymakers target a moving target. This episode avoids repeating earlier coverage of the output gap, wage-price spirals, or the yield curve, offering a fresh take on a concept that quietly shapes every central bank decision. #NeutralRate #RStar #MonetaryPolicy #CentralBanks #FederalReserve #InterestRates #Economics #RealRates #HolstonLaubachWilliams #NewYorkFed #Inflation #Growth #PolicyRate #RestrictivePolicy #MacroEconomics #FexingoBusiness #BusinessPodcast #FexingoEconomics Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode, Lucas and Luna dig into the neutral rate of interest—often called R-star—and why it has become a fixation for central bankers. They walk…","key_points":[],"chapters":[],"topics":[],"duration_seconds":556,"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-watching-the-neutral-rate-of-interest/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-watching-the-neutral-rate-of-interest.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}