Federal Reserve & Rate Policy

See how every network is framing Federal Reserve & Rate Policy — we run them all, so you see every side. News for humans, not bots: serious, civil discussion among real people, with the context and facts you need. Don't just watch: be on the air with your own video takes, polls and predictions.

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Where the room stands

Topic polls that run across every story and network — the durable sentiment, and how Al Jazeera and Fox audiences differ. Add your take.

Topic poll · all networksHow many years did Lindsey Graham serve in the U.S. military?

  1. 6 years
  2. 14 years
  3. 22 years
  4. 33 years
Guess, then reveal the answer

33 years

Topic poll · all networksWhat will Warsh's 'interrogate reality' approach change most at the Fed?

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Topic poll · all networksHow many U.S. troops are currently stationed in Iraq?

  1. Approximately 800
  2. Approximately 2,500
  3. Approximately 7,000
  4. Approximately 14,000
Guess, then reveal the answer

Approximately 2,500

The 1973 Arab Oil Embargo nearly doubled U.S. gas prices overnight.

Arab nations halted oil exports to the U.S. in Oct. 1973, sending gas prices from ~38¢ to over 55¢ per gallon. The crisis led Congress to create the Strategic Petroleum Reserve in 1975 — still used today to stabilize prices.

Topic poll · all networksWhich Fed priority should matter most right now?

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One Fed rate move ripples into mortgages, cards & savings

The Fed's benchmark rate, unchanged since 1913 in structure, quietly drives your mortgage, credit card APR & savings yield. Explore how it works at Wikipedia

Topic poll · all networksHow many times did the Fed raise rates in its 2022–2023 hiking cycle?

  1. 7 times
  2. 11 times
  3. 15 times
  4. 19 times
Guess, then reveal the answer

11 times

Topic poll · all networksWhat will the Fed do at its next meeting amid war & Trump pressure?

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A 1% rate hike adds ~$86,000 to a $400K 30-year mortgage!

Every Fed rate increase ripples into home loans. On a $400,000 mortgage, a 1-point rise costs ~$240 more per month — over $86,000 extra across 30 years of payments.

Topic poll · all networksWhen will Americans feel real relief from high interest rates?

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Topic poll · all networksWhich ripple effect of rising gas prices worries you most?

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Topic poll · all networksThe World Bank Group lends roughly how much annually to developing nations?

  1. Under $20 billion
  2. Around $70 billion
  3. About $120 billion
  4. Over $200 billion
Guess, then reveal the answer

Around $70 billion

Nixon pressured Fed Chair Burns — helping spark 1970s inflation!

Nixon was secretly recorded urging Arthur Burns to ease monetary policy before the 1972 election. Burns complied; inflation soared to 12% by 1974 — a landmark cautionary tale about Fed independence.

Topic poll · all networksWhat should happen at Tyler Robinson's trial?

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Rep. Ted Lieu holds a Computer Science degree from Stanford!

Lieu earned a B.S. in Computer Science at Stanford before getting a law degree from Georgetown. He's one of very few members of Congress with a tech background — giving him rare firsthand expertise in AI debates.

Presidents often follow Texas visits with major energy policy moves.

Reagan deregulated oil prices just days into his presidency in 1981. Nixon declared an 'energy crisis' after Texas outreach in 1973. Trump's Houston stop may signal a similar policy push is next.

Topic poll · all networksAfter Warsh's rate hike, what does Trump do next?

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The Fed is legally required to balance jobs AND inflation!

Congress wrote the 'dual mandate' into law in 1977 — the Federal Reserve Reform Act requires the Fed to pursue both maximum employment and stable prices simultaneously, even when those goals conflict.

Kevin Warsh dissented against the Fed's $600B QE2 bond-buying program in 2010!

As a Fed Governor, Warsh publicly broke with Ben Bernanke, warning QE2 risked inflation and market distortions. His dissent made him one of the Fed's most prominent inflation hawks of that era.

Topic poll · all networksWhat will the NTSB audio analysis most likely reveal?

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Topic poll · all networksHow many years did the Fed hold rates near 0% after the 2008 crisis?

  1. 3 years
  2. 5 years
  3. 7 years
  4. 10 years
Guess, then reveal the answer

7 years

Topic poll · all networksWhat will come out of Trump's meeting with Iraq's PM?

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Warsh has long pushed for a 'rules-based' Fed over pure discretion!

At the Hoover Institution, Warsh co-authored work arguing the Fed should follow transparent policy rules rather than case-by-case judgment — limiting the kind of crisis-era improvisation he witnessed firsthand in 2008.

A 2007 Phoenix news helicopter crash cost stations millions in suits!

When KNXV & KTVK helicopters collided mid-air covering a police chase, all 4 aboard died. The resulting wrongful-death lawsuits cost the stations millions — a financial precedent now relevant to Chatsworth.

Jerome Powell was a lawyer before becoming Fed Chair!

Powell earned his law degree from Georgetown, then pivoted to investment banking before joining the Fed in 2012. Learn more at Wikipedia

Topic poll · all networksBefore the Senate, Graham helped prosecute which president's impeachment?

  1. Bill Clinton
  2. George H.W. Bush
  3. Ronald Reagan
  4. Jimmy Carter
Guess, then reveal the answer

Bill Clinton

Topic poll · all networksThe Fed formally adopted its 2% inflation target in what year?

  1. 2008
  2. 2012
  3. 2015
  4. 2019
Guess, then reveal the answer

2012

Topic poll · all networksWhat did South Korea ban on ALL stocks in Nov 2023 to protect markets?

  1. Short selling
  2. Foreign ownership
  3. Margin trading
  4. Derivatives trading
Guess, then reveal the answer

Short selling

The Fed's 2% inflation target was only formalized in 2012!

Before 2012, the Fed had no official inflation number. Chair Ben Bernanke formally adopted the 2% target to anchor public expectations — the same benchmark now driving today's historic rate hike.

Topic poll · all networksJerome Powell is unusual for a Fed chair — what's his degree?

  1. Economics
  2. Law
  3. Political Science
  4. Finance
Guess, then reveal the answer

Law

Topic poll · all networksKevin Warsh was the youngest Fed Governor ever. How old was he?

  1. 32 years old
  2. 35 years old
  3. 38 years old
  4. 41 years old
Guess, then reveal the answer

35 years old

Topic poll · all networksWhich Fed rate hike effect hits your wallet hardest?

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Hearing multiple audio feeds at once on air is called 'crosstalk.'

Crosstalk has plagued broadcasters since early radio. It occurs when signals bleed between channels — often exposing producer talkback, rival feeds, or unrelated programming simultaneously to live audiences.

Topic poll · all networksThe FOMC's 12 voters set US rates. Right size?

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Topic poll · all networksWhat will the Fed's rate hike cycle most likely trigger?

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The Fed once raised rates to 20% to crush oil-driven inflation!

Under Chair Paul Volcker, the federal funds rate peaked at 20% in June 1981 to fight inflation fueled by the 1970s oil crisis. It worked — but triggered one of the worst U.S. recessions since WWII.

Topic poll · all networksWhat law gave the Fed its dual mandate on jobs & inflation?

  1. Humphrey-Hawkins Act 1978
  2. Federal Reserve Act 1913
  3. Glass-Steagall Act 1933
  4. Dodd-Frank Act 2010
Guess, then reveal the answer

Humphrey-Hawkins Act 1978

Topic poll · all networksWhat was Sen. Lindsey Graham's biggest economic impact?

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Topic poll · all networksShould the Fed raise rates now or bow to Trump's pressure to cut?

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Powell's 2022 Jackson Hole speech erased ~$1.25T in market value in one day

In under 9 minutes, Powell's blunt inflation warning sent the S&P 500 down 3.4% and Nasdaq down 5% on Aug. 26, 2022 — proof that a single Fed speech from this Wyoming resort can shake global markets.

Topic poll · all networksWhat's South Korea's biggest long-run market risk?

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Topic poll · all networksWill Trump's pressure actually move the Fed on rates?

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Just 5 of 193 UN members can veto any Security Council resolution!

The US, UK, France, Russia, and China have held permanent veto power since 1945. Russia (including the Soviet era) has cast over 100 vetoes — more than any other nation — often deadlocking the Council on major crises.

Topic poll · all networksHow long will this Fed rate-hike cycle last?

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Topic poll · all networksWhat support matters most after a Houston community tragedy?

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Topic poll · all networksWill the Protect College Sports Act clear the House?

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LBJ physically confronted the Fed chief over a Vietnam-era rate hike!

In Dec. 1965, Fed Chair William McChesney Martin raised rates to fight Vietnam War inflation. President Johnson reportedly grabbed Martin by the lapels at his Texas ranch, furious at the decision.

Graham was the first SC Republican re-elected to Senate since Reconstruction!

Lindsey Graham, who served SC in the Senate since 2003, was also a JAG officer & one of Clinton's impeachment managers in 1998. Read more at Wikipedia

Topic poll · all networksThe Fed's all-time peak rate hit ~20% — in what decade?

  1. 1950s
  2. 1970s
  3. 1980s
  4. 2000s
Guess, then reveal the answer

1980s

Topic poll · all networksIs raising rates now the right call to fight inflation?

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Circuit breakers were invented after the 1987 Black Monday crash!

On Oct 19, 1987, the Dow fell 22.6% in one day — its worst ever. The SEC then mandated automatic trading halts to stop panic cascades. South Korea later adopted the same safeguard for its KOSPI index.

Topic poll · all networksWhich past NTSB probe changed aviation safety the most?

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The Fed's dual mandate was set by Congress — in 1977!

The Federal Reserve Reform Act of 1977 legally requires the Fed to pursue both maximum employment AND stable prices. Before that law, price stability was the Fed's only formal congressional directive.

The U.S. bond market exceeds $50 trillion — larger than U.S. GDP!

Every Fed rate signal ripples across this massive market. Warsh wants investors to focus on economic fundamentals instead — a significant shift from the 'Fed-watching' culture that has dominated Wall Street for decades.

Topic poll · all networksWhat was the peak Fed funds rate under Paul Volcker?

  1. 12%
  2. 16%
  3. 20%
  4. 24%
Guess, then reveal the answer

20%

Topic poll · all networksShould Salvadoran TPS protections be made permanent?

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Topic poll · all networksHow do you cope when interest rates rise?

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The NTSB runs its own lab that decodes audio from crash recordings.

The NTSB Recorder Laboratory in Washington, D.C. uses sound spectrum analysis to detect engine anomalies inaudible to the human ear — the same technique now being applied to the live broadcast video from this crash.

NYC's 'City of Yes' aims to add 82,000 homes over 15 years

Passed in December 2024, it's NYC's biggest zoning overhaul in generations. Mayor Adams and Governor Hochul both backed the plan, allowing more housing density across all five boroughs.

The Fed once hiked rates to 20% to crush inflation in 1981!

Fed Chair Paul Volcker drove the federal funds rate to a record 20% in June 1981 to fight inflation near 15%. The painful move triggered a recession but pulled inflation down to 3% by 1983.

Iraq's PM Al-Sudani was detained by U.S. forces in 2006!

Before becoming Prime Minister, Al-Sudani was arrested by U.S. troops during the Iraq War on suspicion of militia ties. He was released without charge — and now meets with the U.S. President as an equal.

Topic poll · all networksWho should be forced to act on NTSB crash recommendations?

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The SF Fed covers ~35% of U.S. land — the largest Fed district!

The San Francisco Federal Reserve oversees 9 states plus Pacific territories. Its boundaries were drawn in 1913, when the West was sparsely settled — yet today that district alone contains the world's 5th-largest economy.

Credit unions beat banks on savings rates in every Fed easing since 1990!

NCUA data shows credit union avg savings rates exceeded bank rates during the 2001, 2008, and 2019 Fed easing cycles — suggesting Navy Federal's 13M+ members may fare better as rates eventually fall.

Topic poll · all networksThe NTSB must release a preliminary crash report within how many days?

  1. 10 days
  2. 30 days
  3. 60 days
  4. 90 days
Guess, then reveal the answer

30 days

Topic poll · all networksHow long before the Fed cuts rates again after this hike?

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Today's mortgage rates cost ~$840/mo more than 2021 rates!

A median U.S. home with 20% down at 2021's ~3% rate cost ~$1,400/mo. At today's ~7% rate, that same home costs ~$2,240/mo — nearly $840 more each month, or $10,000 extra per year.

Topic poll · all networksCan a U.S. president legally fire the Federal Reserve Chair?

  1. Yes, at any time
  2. Only with Senate approval
  3. Only 'for cause,' not policy
  4. No, never under any law
Guess, then reveal the answer

Only 'for cause,' not policy

Topic poll · all networksSouth Korea's KOSPI index launched at what base value in 1980?

  1. 100
  2. 500
  3. 1,000
  4. 3,000
Guess, then reveal the answer

100

Topic poll · all networksHow many years has Lindsey Graham served in the U.S. Senate?

  1. 12 years
  2. 18 years
  3. 22 years
  4. 28 years
Guess, then reveal the answer

22 years

A 'basis point' is just 1/100th of 1% — 100 equal one full percent!

When a central bank 'raises rates,' it targets the overnight rate banks charge each other to borrow. Rate changes take 12–18 months to fully ripple through the economy — economists call this 'long and variable lags.'

Topic poll · all networksWill Wall St. ever stop obsessing over every Fed signal?

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The Fed once raised rates to 20% to kill inflation!

In 1981, Fed Chair Paul Volcker hiked the federal funds rate to a record 20% to crush double-digit inflation. It worked — inflation fell from 14% in 1980 to 3% by 1983 — but triggered a deep recession.

Iraq hosts ~2,500 US troops & Iran-backed militias at once.

This tension shapes Al-Sudani's White House visit. Iraq uniquely balances ties with both Washington and Tehran — the only country where US forces and Iranian proxy groups openly operate on the same soil.

Topic poll · all networksWhich factor will most force the Fed's hand on future cuts?

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Topic poll · all networksHow many times did Trump publicly attack the Fed in his first term?

  1. About 5 times
  2. About 15 times
  3. About 30 times
  4. Over 50 times
Guess, then reveal the answer

Over 50 times

The Fed hiked rates 11 times in 17 months — fastest since the '80s!

From near 0% in early 2022 to over 5% by mid-2023, it was the most aggressive tightening since Paul Volcker's inflation fight, which pushed the federal funds rate above 20% in 1981.

Topic poll · all networksAndy Kim made history in 2024 as the first Korean American U.S. Senator. How many had served before him?

  1. 0
  2. 1
  3. 3
  4. 5
Guess, then reveal the answer

0

Topic poll · all networksCharlie Kirk founded Turning Point USA at what age?

  1. 18
  2. 21
  3. 24
  4. 27
Guess, then reveal the answer

18

Topic poll · all networksWhat should be the top priority in Trump's talks with Iraq's PM?

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Topic poll · all networksWhat's the biggest test Kevin Warsh will face as Fed Chair?

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A single Jackson Hole speech can move trillions in global markets.

Fed Chair speeches at Jackson Hole have triggered some of the largest single-day market swings in history. Bernanke's 2010 address signaled QE2, sending the S&P 500 up 3.3% in one day and reshaping global bond markets worth trillions.

Graham prosecuted Clinton's impeachment as a House manager in 1999

Before joining the Senate, Graham was one of 13 House managers who argued the case to remove President Clinton from office — later serving alongside senators he once tried to persuade as a prosecutor.

Topic poll · all networksA Stanford study found rent control in SF reduced rental housing supply by how much?

  1. 5%
  2. 15%
  3. 30%
  4. 45%
Guess, then reveal the answer

15%

The Fed cut rates 3 times in late 2024 — now it's hiking again!

After holding at a 23-year high of 5.25–5.50% from July 2023 to Sept 2024, the Fed cut rates in Sept, Nov & Dec 2024. This new hike reverses that easing cycle just months later.

Topic poll · all networksBy law, a president can only fire the Fed Chair for what?

  1. Cause
  2. Policy disagreement
  3. A Senate vote
  4. Executive order
Guess, then reveal the answer

Cause

The Fed's 2% inflation target wasn't official until 2012!

The Federal Reserve formally adopted the 2% inflation target on January 25, 2012, under Chair Ben Bernanke — nearly a century after the Fed was founded in 1913 following the Panic of 1907.

Topic poll · all networksHow many aviation accidents does the NTSB investigate each year?

  1. Around 150
  2. Around 500
  3. Around 1,500
  4. Around 6,000
Guess, then reveal the answer

Around 1,500

Topic poll · all networksWhich country alone can veto any major IMF decision?

  1. United States
  2. China
  3. Germany
  4. United Kingdom
Guess, then reveal the answer

United States

The IMF was born at Bretton Woods in 1944 — before WWII ended!

44 nations met in New Hampshire in July 1944 to design the postwar financial system. The IMF formally began operations in 1945 but didn't make its first loan until 1947 — to France for $250 million.

U.S. home affordability hit a 40-year low in 2023

Mortgage rates surged past 8% in 2023 — highest in 20+ years — while home prices stayed near record highs, squeezing buyers out. Explore the data at Reuters

Trump appointed Powell in 2017 — now can't legally remove him!

Powell was Trump's own Fed Chair pick in 2017, then renominated by Biden in 2022. The Federal Reserve Act protects Board Governors from removal except 'for cause,' making Powell's seat legally secure through January 2028.

The last major U.S. tech law overhaul was in 1996 — 29 years ago!

The Telecom Act of 1996 was the first rewrite of U.S. communications law since 1934 — a 62-year gap. Lawmakers fear AI governance could face a similar generational delay without urgent bipartisan action now.

Topic poll · all networksWhich Fed rate-hike era hit Americans hardest?

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Topic poll · all networksWill Congress's revised housing bill actually fix NYC's affordability crisis?

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Navy Federal is insured by the NCUA — not the FDIC like banks!

Credit unions are member-owned cooperatives regulated by the National Credit Union Administration. Deposits up to $250K are covered by the NCUSIF — a separate federal insurance fund from the FDIC's bank deposit system.

The 2022–23 Fed hikes were the steepest tightening in 40 years!

From March 2022 to July 2023, the Fed raised rates 11 times — a total of 525 basis points (5.25%) in just 16 months. That's the fastest tightening cycle since Paul Volcker battled double-digit inflation in the early 1980s.

The US hit $1 trillion in annual interest payments in 2024!

Higher Fed rates mean the government pays more to borrow too. In 2024, US net interest costs topped $1T for the first time — surpassing the entire defense budget and crowding out spending on other priorities.

Topic poll · all networksWho should hold the Fed most accountable at Jackson Hole?

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Fed Chair Jerome Powell is a lawyer, not an economist!

Powell earned a law degree from Georgetown in 1979. Most Fed Chairs — Bernanke, Yellen, Greenspan — held PhDs in economics. Powell came from investment banking and private equity before joining the Fed Board in 2012.

The NTSB investigates crashes but has zero enforcement power.

The NTSB can only issue safety recommendations — it cannot fine carriers, ground aircraft, or prosecute anyone. The FAA and other agencies decide whether to act on NTSB findings, which are non-binding.

U.S. troops have been in Iraq for over 20 years since the 2003 invasion!

Iraq's PM Al-Sudani has pushed to end the U.S. military presence. Over 2,500 U.S. troops remain there today. Read more at Wikipedia

Topic poll · all networksIn what year did the Fed's Jackson Hole symposium first meet in Wyoming?

  1. 1974
  2. 1978
  3. 1982
  4. 1989
Guess, then reveal the answer

1982

The Fed hiked rates 525 bps in 16 months — fastest since the 1980s!

From March 2022 to July 2023, the Fed raised its benchmark rate 11 times, from near-zero to 5.25–5.5%. The last comparable tightening was under Paul Volcker, who pushed rates to 20% to crush 1970s inflation.

Topic poll · all networksWhich Fed crisis decision hit your household hardest?

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Trahan's 2018 campaign faced an FEC probe over a spousal loan!

Trahan's first congressional win was clouded by an FEC complaint alleging she illegally used funds loaned from her husband, a private equity exec. The FEC ultimately closed the case without penalty in 2021.

Volcker's 1981 rate hikes hit 20% — and Reagan hated it!

Paul Volcker raised the federal funds rate to a record 20% in 1981 despite Reagan's fury. The move crushed inflation from 14% to 3% in two years — now the textbook case for Fed independence working.

Topic poll · all networksAfter both parents died young, Graham became guardian of whom?

  1. His younger sister
  2. His younger brother
  3. His nephew
  4. His cousin
Guess, then reveal the answer

His younger sister

Topic poll · all networksWhich high-rate burden hits your wallet hardest?

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Falling inflation ≠ falling prices — just slower price rises!

The CPI, tracked by the U.S. Bureau of Labor Statistics since 1913, measures a basket of goods & services. 'Core' CPI excludes food & energy — too volatile from weather and supply shocks — to reveal underlying trends.

The Fed's 'dot plot' predicts future rates — born in 2012.

Each Fed official anonymously marks their rate forecast on a chart called the dot plot. Introduced in Jan. 2012, it's now one of the most closely watched documents in global finance, moving markets worldwide.

Topic poll · all networksThe Fed hiked rates 25 'basis points.' What is one basis point?

  1. 1/100th of a percent
  2. 1/10th of a percent
  3. One full percent
  4. One dollar of lending
Guess, then reveal the answer

1/100th of a percent

Political pressure on the Fed helped cause 1970s stagflation!

Fed Chair Arthur Burns yielded to Nixon's pressure to keep rates low in the early 1970s. The result: inflation hit 12% by 1974. Economists cite Burns as a cautionary tale about Fed independence.

Graham served 33 years as an Air Force JAG officer, retiring as a Colonel.

As a Judge Advocate General (JAG) officer, Graham handled military legal cases. He's among the few U.S. senators to have served as a military lawyer — a career that shaped his decades of work on defense policy.

Topic poll · all networksAfter a Fed rate hike, how fast do credit card APRs typically rise?

  1. Within 24 hours
  2. Within 1-2 billing cycles
  3. After about 6 months
  4. Banks set their own schedule
Guess, then reveal the answer

Within 1-2 billing cycles

Lindsey Graham served in the U.S. Senate for over 20 years.

First elected in 2002, Graham represented South Carolina and previously served in the U.S. House (1995–2003). He was also one of the House managers during President Clinton's 1999 Senate impeachment trial.

Oil first broke $100/barrel on Jan. 2, 2008 — then crashed to $32 by year's end!

The 2008 spike was fueled by speculation; oil then crashed as the financial crisis killed demand. From 2011–2014, oil stayed above $100 for ~3 consecutive years before collapsing again to under $30 by 2016.

Powell's 2022 Jackson Hole speech sent the S&P 500 down ~3.4% in one day!

On Aug. 26, 2022, Fed Chair Powell used the Wyoming symposium to signal aggressive rate hikes. Markets cratered instantly — the Dow fell over 1,000 points in a single session.

Topic poll · all networksWhich nation's central bank first adopted an official inflation target?

  1. United States
  2. United Kingdom
  3. New Zealand
  4. Germany
Guess, then reveal the answer

New Zealand

Topic poll · all networksThe Fed supervised SVB before its 2023 collapse. What did its own review blame?

  1. Examiners didn't escalate concerns
  2. Insufficient capital requirements
  3. SVB hid risks from regulators
  4. Congress blocked Fed intervention
Guess, then reveal the answer

Examiners didn't escalate concerns

A 0.25% Fed hike costs U.S. credit card holders ~$3B more yearly!

About 191 million Americans carry credit cards. Card APRs move in lockstep with the federal funds rate, so even a quarter-point hike adds billions in annual interest — hitting revolving balances hardest.

Topic poll · all networksWhat should the Fed prioritize in its next rate decision?

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Topic poll · all networksWhat should happen after a hearing ends without a ruling?

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The global AI market could reach $1.8 trillion by 2030.

Up from ~$142B in 2023, that explosive growth is exactly why lawmakers like Reps. Lieu and Jacobs say federal safety rules are urgent — before the industry outpaces any possible oversight.

Topic poll · all networksWill Warsh's 'first principles' Fed reform outlast his first year?

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Navy Federal's assets top $168B — rivaling major regional banks!

Despite serving only military members, veterans, and their families, Navy Federal Credit Union holds over $168 billion in assets — more than many publicly traded regional banks with no membership restrictions.

Topic poll · all networksSen. Graham backed which major tax bill that reshaped U.S. corporate rates?

  1. Tax Cuts and Jobs Act 2017
  2. American Recovery Act 2009
  3. Balanced Budget Act 1997
  4. Inflation Reduction Act 2022
Guess, then reveal the answer

Tax Cuts and Jobs Act 2017

Topic poll · all networksWhat was the peak Fed funds rate in the 1980s inflation fight?

  1. About 8%
  2. About 12%
  3. About 15%
  4. About 20%
Guess, then reveal the answer

About 20%

Topic poll · all networksWill Trump's pressure on the Fed lead to rate cuts in 2025?

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Topic poll · all networksWhat's the most likely outcome from IMF talks in Bangkok?

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Topic poll · all networksWhen did the Fed officially adopt its 2% inflation target?

  1. 1996
  2. 2000
  3. 2008
  4. 2012
Guess, then reveal the answer

2012

A preliminary hearing tests if evidence is strong enough for trial

At a preliminary hearing, a judge decides if probable cause exists to proceed — the accused can challenge evidence and cross-examine witnesses. Learn more at Wikipedia

Lindsey Graham was an impeachment manager during Clinton's 1998 trial.

Graham, then a House member, was one of 13 Republican House managers who argued the case for Clinton's removal before the Senate. The Senate acquitted Clinton in February 1999 on both articles.

Topic poll · all networksAt any FOMC meeting, how many of 12 Fed banks get a vote?

  1. Only 5
  2. All 12
  3. Only 7
  4. Only 3
Guess, then reveal the answer

Only 5

Topic poll · all networksHas the Fed historically been too slow to fight inflation?

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The U.S. is short millions of homes, driving up prices nationwide

Experts estimate the U.S. faces a shortage of 3–4 million housing units, a gap decades in the making. Read more at Reuters

Kevin Warsh was the youngest Fed governor in U.S. history!

Appointed in 2006 at just 35, Warsh held no economics PhD — unusual for Fed leadership. The former Morgan Stanley banker and Bush White House aide served through the 2008 financial crisis before leaving the Fed in 2011.

Andy Kim raised over $7M in Q1 2024 for his NJ Senate run!

Kim's fundraising surge came largely from small-dollar donors after he entered the race. His grassroots momentum made him a closely watched model for Democrats seeking to energize base voters nationwide.

News helicopters cost $1.5M–$3M each — crashes wipe out millions.

In 2007, two Phoenix TV news choppers collided mid-air covering a police chase, destroying ~$4M in aircraft. The FAA later tightened rules on news helicopters sharing airspace over breaking news scenes.

Graham prosecuted Clinton's impeachment, then defended Trump twice.

In 1998, Graham was one of 13 House managers who prosecuted Clinton's Senate impeachment trial. Decades later, he became one of Trump's most vocal Senate defenders during both the 2019 and 2021 impeachment proceedings.

Topic poll · all networksIs the IMF's ~$1 trillion lending capacity enough for today's global risks?

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Topic poll · all networksWhat law first gave the Fed its dual mandate of price stability AND jobs?

  1. Federal Reserve Act of 1913
  2. Federal Reserve Reform Act of 1977
  3. Employment Act of 1946
  4. Banking Act of 1935
Guess, then reveal the answer

Federal Reserve Reform Act of 1977

Trump called his own Fed Chair pick Jerome Powell his 'enemy' in 2019!

Powell was appointed by Trump in 2018 but clashed over rate hikes. Trump tweeted the Fed had 'gone crazy' and asked if Powell was a 'bigger enemy' than China — a rare public attack on Fed independence.

Topic poll · all networksThe NTSB became a fully independent U.S. agency in what year?

  1. 1958
  2. 1967
  3. 1974
  4. 1982
Guess, then reveal the answer

1974

Topic poll · all networksWho bears most blame for South Korea's chip stock sell-off?

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Topic poll · all networksJerome Powell is rare among Fed chairs — what degree does he hold?

  1. Law degree
  2. PhD in Economics
  3. MBA in Finance
  4. PhD in Statistics
Guess, then reveal the answer

Law degree

Topic poll · all networksRoughly 1 in how many South Korean adults directly owns stocks?

  1. 1 in 4
  2. 1 in 10
  3. 1 in 20
  4. 1 in 50
Guess, then reveal the answer

1 in 4

Bangkok is only the 2nd Southeast Asian city to host IMF Annual Meetings!

The IMF & World Bank hold Annual Meetings in Washington D.C. most years, rotating abroad roughly every 3 years. Singapore hosted in 2006 — making Bangkok's 2025 turn a rare honor for the region.

Topic poll · all networksWhat law gives the Fed its legal mandate to control inflation?

  1. Federal Reserve Act of 1913
  2. Humphrey-Hawkins Act of 1978
  3. Dodd-Frank Act of 2010
  4. Banking Act of 1935
Guess, then reveal the answer

Humphrey-Hawkins Act of 1978

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