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We hear about the essential workings of the US's banking and economic system from Dr Loretta Mester, chief executive of the Cleveland Federal Reserve Bank. The high price of fireworks could put a dampener on US Independence Day celebrations because of President Donald Trump’s tariffs on China – which provides over 90% of the fireworks for 4th July celebrations. We assess the cost of jury service to shift workers and the companies that have to back-fill. And we learn more about a fire at a Jim Beam whiskey storage site in Kentucky. We discuss all this with live guests Nate Taplin, a writer for the Wall Street Journal in Hong Kong and Nicole Childers, Executive Producer at Marketplace on American Public Media, in Los Angeles.

(Image: Facade of the Marriner S Eccles building of the United States Federal Reserve. Photo by Smith Collection/Gado/Getty Images)