Fed's Kevin Warsh Prepares for Key Jackson Hole Meeting Amid Inflation Worries
Listen to the story
Kevin Warsh works for the US Federal Reserve. The Federal Reserve is the central bank of the United States. It controls money and interest rates.
Warsh is getting ready for a big meeting. The meeting is called the Jackson Hole conference. It happens every year in the US.
People at the meeting talk about the economy. This year, many people worry about inflation. Inflation means prices go up fast.
Business news sites are giving live updates. They are watching stock markets and money news around the world.
In other news, UK leader Andy Burnham wants to stop bad bailiffs. Bailiffs collect money that people owe. Some bailiffs treat people badly. Burnham wants to help people with money problems.
Vocabulary15 words
- Federal Reserve
- the bank that controls money in the USA
- Jackson Hole
- a place in the US where important money meetings happen
- inflation
- when prices go up over time
- bailiffs
- people who take money or things from people who owe money
- central bank
- the main bank that controls money in a country
- interest rates
- the extra money you pay back on a loan
- stock markets
- places where people buy and sell parts of companies
- economy
- how money and business work in a country
- conference
- a big meeting about one topic
- vulnerable
- easy to hurt or harm
- cost of living
- how much money you need to live
- rogue
- bad or not following rules
- clamp down
- to stop something bad from happening
- prices
- how much things cost
- corporate
- about big companies
Quiz
Answer key
1. The US Federal Reserve 2. The economy and money 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Kevin Warsh works for the US _____ Reserve.
The Federal Reserve is the _____ bank of the United States.
Warsh is getting ready for a big meeting called the _____ Hole conference.
People at the meeting talk about the _____.
This year, many people worry about _____.
_____ means prices go up fast.
Business news sites are giving _____ updates.
Andy Burnham wants to stop bad _____.
Bailiffs collect money that people _____.
Burnham wants to help people with money _____.
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