Nuclear energy can lower one cost that has seen rapid inflation in recent years: electricity bills. But nuclear power plants aren’t cheap to build. In one state, legislators wade into a debate over whether taxpayers or utility companies should shoulder the burden. Also in this episode: Kevin Warsh faces war-driven inflation ahead of his first FOMC meeting as Fed chair, MAHA movement drives up cotton demand, and advertisers leverage the World Cup to reach Latino consumers.<br><br>Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.<br><br>Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Nuclear power payment plan

Marketplace All-in-One

# Full Transcript

**Podcast:** Marketplace

## Transcript

[SPEAKER_B] There's a lot going on right now: mounting economic inequality, threats to democracy, environmental disaster, the sour stench of chaos in the air.

[SPEAKER_C] I'm Brooke Gladstone, host of WNYC's On the Media.

[SPEAKER_A] Want to understand the reasons and the meanings of the narratives that led us here, and maybe how to head them off at the pass? That's On the Media's specialty.

[SPEAKER_B] Take a listen wherever you get your podcasts. From college sendoffs to retirement dreams, life is filled with many important milestones. And making sure you have a plan in place to protect the people you love can give you confidence for whatever comes next. State Farm Life Insurance can help protect your family's financial well-being through life's milestones. Your State Farm agent can help you choose flexible coverage you can adjust as your family's needs change. Contact your local State Farm agent today. Like a good neighbor, State Farm is there. It's setting up to be a big news week. We've got a preliminary deal to end the war in Iran, a Fed meeting, some economic data dumps. Where should we begin? From American Public Media, this is Marketplace. In New York, I'm Kristin Schwab in for Kai Ryssdal. It's Monday, June 15th. And it's great to be here with you. I know the big news of the day is that we might be nearing the end of the war in the Middle East. The United States and Iran have signed a framework agreement. Details of the deal haven't been released. And listen, when it's all really, truly over, we'll pick apart the economic effects. But for now, let's focus on what in this economy is certain. The Federal Reserve's Open Market Committee meets this Wednesday, and it's Kevin Warsh's big debut as the new chair. He's gotten a lot of pressure from President Trump to cut interest rates and make borrowing cheaper, but markets don't expect the Fed to touch rates for now because Warsh enters the Fed at a tricky time. Even if the war does officially come to a close soon, the effects are still churning in the background, including its toll on inflation, now above 4%. Marketplace's Henry Epp looks at how the Fed might navigate this moment.

[SPEAKER_D] Here's why this current bout of inflation is tricky for the Fed. It's driven by a spike in energy prices caused by the Iran War, and energy and food prices tend to be too volatile to inform the Fed's decisions, says Andrew Clinton, head of Clinton Investment Management.

[SPEAKER_E] That's why historically they've looked through headline inflation, that is, that include food and energy, to the core inflationary numbers.

[SPEAKER_D] Core inflation last month was a lot closer to the Fed's target of 2%. Fed officials might be tempted to think this spike in inflation is temporary, except That's what they did a couple years ago, and it didn't work out. Peter Conti-Brown is a professor of financial regulation at the Wharton School.

[SPEAKER_B] T...

Nuclear power payment plan

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Nuclear power payment plan

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.