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The devil’s bargain on inflation

The Federal Reserve knows raising interest rates disproportionately hurts Black people. It just doesn’t have any better tools, says the Minneapolis Fed’s Neel Kashkari. This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Efim Shapiro, and hosted by Noel King. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  Why are businesses acting like there’s a recession?

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  Peru’s democracy crisis

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  Fine dining isn’t fine

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  Why Mexico’s top cop is on trial in NYC

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  Thanks but no tanks, Ukraine

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  The politics of India’s biggest blockbusteRRR

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  It’s debt ceiling season

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  The half-baked gas stove debate

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  Compost yourself

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  What’s up, docs?

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  Too much water for California

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  The Taliban vs. women

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  Brazil’s January 6?

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  Andrew Tate: The king of toxic masculinity

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  Will Kevin McCarthy become speaker?

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  Why we’re all on antidepressants