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 <a href="http://vox.com/todayexplained">vox.com/todayexplained</a>Support Today, Explained by making a financial contribution to Vox! <a href="http://bit.ly/givepodcasts">bit.ly/givepodcasts</a> Learn more about your ad choices. Visit <a href="https://podcastchoices.com/adchoices">podcastchoices.com/adchoices</a>

The devil’s bargain on inflation

News comes at you fast. Join us at the end of your day to understand it. Today, Explained is your all killer, no filler, Monday to Friday news explainer co-hosted by Sean Rameswaram and Noel King. Every episode features the finest reporters from the Vox Media Podcast Network and beyond.