Ep 18. Chairman Powell / A Hole in the System / The Mismatch

CHAIRMAN POWELL – Following the Federal Reserve's announcement to hold interest rates steady, correspondent Scott Pelley interviews Fed chair Jerome Powell in Washington, D.C., on inflation risks and the economy, the timeline for cutting rates, the health of the country's banks and more. Henry Schuster is the producer. A HOLE IN THE SYSTEM – Correspondent Sharyn Alfonsi reports on the fastest growing group entering the U.S. through the southern border – Chinese migrants. Alfonsi speaks with the migrants about following instructions posted on TikTok that guided them on their 7,000-mile journey to the California desert where Chinese asylum seekers cross the border from Mexico through a 4-foot gap in the border fence. Guy Campanile is the producer. THE MISMATCH – Technology has helped spur a sports betting boom. Correspondent Jon Wertheim examines what this has meant for sports fans, betting companies and the gamblers – overwhelmingly young men – making snap bets anytime, anywhere. David M. Levine is the producer.