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Professors discuss economics at Sioux Falls Downtown Rotary meeting [Video]

SIOUX FALLS, S.D. (Dakota News Now) – Area professors gathered Monday to discuss the intersection of national and local economics.

The event brought together leading experts to shed light on how national trends impact our community.

Professors from Augustana and South Dakota State explored topics ranging from employment rates to local business growth and inflation.

The main tool to control inflation is the federal funds rate. If that rate rises, banks typically pass on their additional cost.

“I am guessing they are not going to act at this next meeting. They are likely to act at the September meeting, if they continue to reason — as I believe they reason now — that the interest rate environment is probably higher than it should be to accommodate an economy that needs to continue performing well — operating at full employment, relatively low inflation,” said Joe Santos, director of Ness School of …

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How China Is Rewiring Its Faltering Economy [Video]

Xi Jinping has a plan to fix his country’s faltering economy and offset the pain caused by the property crisis. The goal is to move up the value chain. Out with dirty, low-end manufacturing and in with new industries like solar and electric vehicles. The problem, however, is Chinese consumers aren’t spending. Also, Beijing faces a tense trade and geopolitical landscape with the US and Europe.00:00 Introduction 01:05 China’s growth story 01:54 Solar firm GCL 02:50 Hi-tech sectors04:05 Tariffs and weak consumption07:09 Model of success If you want to read more on China’s “great rewiring,” click here: https://trib.al/25srtVZFor more on Xi Jinping’s plans for the Chinese economy, click here: https://trib.al/4zPyDoh Sign up here for the Next China newsletter to get Bloomberg’s weekly dispatches from Beijing: https://trib.al/kX4Zyws--------Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginalsBloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.