Jacobin Show: Can We Red the Fed? w/ Samir Sonti

Samir Sonti joins us to talk about why the Federal Reserve has so much power over the economy and why its typical response to inflation is bad for workers. But does it need to be? We're also joined by Matt Bruenig to explain the real state of childhood poverty and what we should do to erase it. Our own Paul Prescod breaks down the state of the rail worker contract negations and whether a strike is still on the horizon. Finally, Jen Pan and Cale Brooks decipher some new polling numbers that say popular opinions of both capitalism and socialism have declined.0:00 opening segment13:45 Paul interview40:00 Matt interview49:30 Samir interviewGet the new Jacobin issue, "Inflation," by subscribing here for $20: https://bit.ly/JACOBINRADIOThe Jacobin Show is a weekly YouTube show offering socialist perspectives on class and capitalism in the twenty-first century, the failures of liberalism, and the prospects of rebuilding a left labor movement in the US. Music by Zonkey. This is the podcast version of the episode from September 21, 2022. Join us in New York for the "Inflation" issue release party on October 5th, featuring a live interview with Adam Tooze.