Aug 12, 2024

The costs of a brand new capital

A view of the future presidential palace under construction in Indonesia's new capital, Nusantara. STR/AFP via Getty Image

Is it worth the expense for countries to move their seats of government?

Segments From this episode

It's a big week for inflation data. What do we know about consumers' expectations?

by Mitchell Hartman

Aug 12, 2024

The New York Fed is scheduled to report on consumer inflation expectations Monday morning, producer prices Tuesday and the consumer price index on Wednesday.

Inflation expectations “don’t matter at all" when it comes to consumers spending their money, according to Robert Frick at Navy Federal Credit Union.

Spencer Platt/Getty Images

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Campaigns diverge on the issue of Fed independence

by Nova Safo

The two presidential campaigns are diverging on a key issue — how independent the Federal Reserve should be in setting monetary policy. The Fed’s mission, by law, is to control inflation and promote employment. Former President Donald Trump said last week that he would want to have a say on interest rate decisions. And this weekend, the reactions poured in.

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Indonesia prepares to change its capital city and challenges await

by Daniel Ackerman

Aug 12, 2024

Other nations, including Brazil and Nigeria, have established a new capital. But if you build it, will people come?

Above, the new presidential palace in Indonesia's soon-to-be capital city of Nusantara seen on July 11.

Stringer/AFP via Getty Images

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The team

David Brancaccio Host

Leanna Byrne Host, BBC

Kelly Silvera Executive Producer

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Alex Schroeder Producer

Ariana Rosas Producer

Dylan Miettinen Digital Producer

Jesson Duller Media Producer

Nic Perez Director/Producer

James Graham Producer, BBC

Jo Critcher Producer, BBC

Naomi Rainey Producer, BBC

Lis Mahy Producer, BBC

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