"The Economy Still Sucks"
Slate and NPR's "Planet Money" translate the Fed's latest statement on the economy.
Posted Wednesday, Nov. 3, 2010, at 6:13 PM
The Federal Reserve just released its periodic statement explaining how the Fed's leaders view the economy and how they plan to act in the coming weeks and months. These statements come out every six weeks, and they affect stock markets and government policies around the world. But they're full of jargon and code, and the language is nearly inpenetrable to the lay reader.
To help you read the Fed's latest statement, published this afternoon, Slate and NPR's "Planet Money"have collaborated to translate it into plain English, a tool developed by Slate Labs to toggle between official text and our natural-language translation. Click on the highlighted sentences to toggle between their words and ours:
There Is Nothing Miraculous About a Tornado, Wolf Blitzer
A Huge Discovery About Prime Numbers—and What It Means for the Future of Math
Giving Poor Kids Computers Changes Nothing
Jacob Goldstein is a blogger for NPR's Planet Money.
Photograph of Ben Bernanke by Brendan Smialowski/Getty Images.