{"podcast":{"title":"The Spillover","slug":"the-spillover-7704010","podcast_index_feed_id":7704010,"rss_url":"https://feed.podbean.com/thespillover/feed.xml","website_url":"https://thespillover.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22006505/SpillOver.jpg","author":"Council on Foreign Relations","episode_count":24,"summary":"How do critical international developments shape economic and financial markets worldwide? Each week, The Spillover traces the ripple effects of global events, exploring the intersection of policy, geopolitics, economics, technology, and finance. This podcast helps you better understand what’s happening, and why it matters to businesses, the markets, and the world.","last_synced_at":"2026-07-09T22:19:51.760160+00:00","page_url":"https://stenobird.com/podcast/the-spillover-7704010"},"episode":{"title":"The Hormuz Shock + Why the Fed is “On Hold”","slug":"the-hormuz-shock-why-the-fed-is-on-hold","published_at":"2026-04-16T21:47:56+00:00","page_url":"https://stenobird.com/podcast/the-spillover-7704010/the-hormuz-shock-why-the-fed-is-on-hold","show_page_url":"https://stenobird.com/podcast/the-spillover-7704010","url":"https://thespillover.podbean.com/e/the-hormuz-shock-why-the-fed-is-on-hold/","audio_url":"https://mcdn.podbean.com/mf/web/izr5tfe9ekhmvrm9/260414_SPILLOVER-MASTER.mp3","summary":"Live from Washington, DC, this episode unpacks how war, AI, financial innovation, and global institutions are reshaping monetary policy, market stability, and the future of the international economic order. Host: Rebecca Patterson, Senior Fellow, Council on Foreign Relations Guest: William C. Dudley, Chair, Bretton Woods Committee; Former President and CEO, Federal Reserve Bank of New York We discuss: Whether monetary policy can still do the heavy lifting in a war-shaken macro environment. AI, productivity, and the inflation debate. The future of the Fed as an institution. The rise of non-bank finance and new financial stability risks. How global financial institutions and digital finance must adapt to structural change. Mentioned on the Episode: Pierre-Olivier Gourinchas, “War Darkens Global Economic Outlook and Reshapes Policy Priorities,” International Monetary Fund (IMF) “Chair Powell’s Press Conference” The Bretton Woods Committee Want to keep up with The Spillover? Sign up to receive an email alert when new episodes are released. The Spillover is a production of the Council on Foreign Relations. The opinions expressed on the show are solely those of the hosts and guests, not of the Council, which takes no institutional positions on matters of policy.","meta_description":"Live from Washington, DC, this episode unpacks how war, AI, financial innovation, and global institutions are reshaping monetary policy, market stability,…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1787,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-spillover-7704010/episodes/the-hormuz-shock-why-the-fed-is-on-hold/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-spillover-7704010/the-hormuz-shock-why-the-fed-is-on-hold.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}