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Oh baby, we’re talking interest rates

Good Work | January 24, 2026



Dan have confession. When people say “interest rates,” Dan no understand. So Dan investigate.

Featuring interviews with Jeanna Smialek, ex-Federal Reserve reporter for the New York Times and current Brussels bureau chief; Joey Politano, writer of the economics newsletter Apricitas Economics; and Gerald Prante, economics professor at Lynchburg University.

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Follow Jeanna: https://x.com/jeannasmialek
Read her book about the Fed: https://www.penguinrandomhouse.com/books/676448/limitless-by-jeanna-smialek/

Follow Joey: https://x.com/JosephPolitano
Read his newsletter: https://www.apricitas.io/

Thumbnail design by Seth Laupus
Packaging design by Jen Walsh
Video by Dan Toomey and Henry Stockwell

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Written by Good Work

Comments

This post currently has 32 comments.

  1. @Harris-o6r8e

    January 24, 2026 at 6:52 pm

    The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

  2. @SuperREJV

    January 24, 2026 at 6:52 pm

    2:48 This is a miss conception. Fed funds rate up encourages smaller banks to lend to the fed instead of the economy. And since the Fed can literally print money to pay the interest, it increases money supply without causing inflation because the additional money is being kept out of circulation.

    If smaller banks charge more for lending, it is simply their own choice to judge the economy as being more of a risk to pay back the loan than the fed is.

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