# Cheap Money Era Ends

> Fed raises rates as cheap money era fades.
- Title: Cheap Money Era Ends · Slate Magazine | Shortify
- Summary: Fed raises rates as cheap money era fades. The Federal Reserve raised interest rates amid economic shocks, ending the cheap money era.
- Keywords: federal reserve, interest rates, economic shock, tariff shock, energy shock, fiscal shock, donald trump, what next podcast, Cheap, Money, Era, Ends
- Source: Slate Magazine — https://slate.com/podcasts/what-next/2026/09/why-the-fed-raised-interest-rates?via=rss
- Published: 2026-09-30T09:20:00+00:00
- Read time: 1 min
- Topics: federal reserve, interest rates, economic shock, tariff shock, energy shock, fiscal shock, donald trump, what next podcast
## Fed raises rates
The Federal Reserve raised interest rates in response to tariff shocks, energy shocks, and fiscal shocks.
## Economic shocks
Tariff shocks, energy shocks, and fiscal shocks prompted the Federal Reserve to raise interest rates.
## Donald Trump's stance
Donald Trump may not like the Fed's rate hikes but has only himself to blame.
## Expert analysis
Justin Wolfers, a professor of public policy and economics at the University of Michigan, hosts Platypus Economics.
## What Next podcast
Slate's What Next podcast helps listeners make sense of news amid overwhelming information.
## Key takeaway

The Federal Reserve raised interest rates amid economic shocks, ending the cheap money era.