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The Indicator from Planet Money - Should presidents have more of a say in interest rates?

Former President Donald Trump recently suggested that if elected in this year's presidential election he would want more say on decisions made by the Federal Reserve. Presidents taking a more active role in monetary policy would mark an extraordinary shift in U.S. economic institutions, and mark the end of central bank independence.

Today on the show, why the Federal Reserve insulates itself from day-to-day politics, and what it looks like when central banks are influenced by politicians.

Related Episodes:
Happy Fed Independence Day (Update)
Arthur Burns: shorthand for Fed failure?
How the Fed got so powerful

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Pod Save America - The “Let Trump Be Trump” Strategy

Jon and guest host David Axelrod discuss Donald Trump's struggles to define Kamala Harris, his rambling interview with Elon Musk, and why the Trump campaign keeps letting their candidate run his mouth so much. Then, they look at Trump and Harris's competing economic messages, how Tim Walz is faring out on the trail, and what the Harris team needs to accomplish at next week's Democratic National Convention.

 

For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.

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Everything Everywhere Daily - The Year 1500

A little over 500 years ago, the world underwent massive change. 

Empires were growing, religious and political institutions were changing, science was advancing, and art was undergoing a revolution. 

It was the start of what many historians called the Early Modern period. A period that began the slow and painful transition to what became the modern world. 

Learn more about the world in the year 1500 on the 1500th episode of Everything Everywhere Daily. 


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NPR's Book of the Day - In ‘Bringing Ben Home,’ Barbara Bradley Hagerty examines a wrongful conviction

In 1987, a Black 22-year-old named Ben Spencer was convicted of murdering a white man in Texas. In 2021, he was cleared of those charges and released from prison. A new book by former NPR reporter Barbara Bradley Hagerty, Bringing Ben Home, dives into what went wrong within the Texas legal system for Spencer to serve so much time in prison for a crime he has always said he did not commit. In today's episode, Bradley Hagerty speaks with NPR's Ailsa Chang about her own investigation into the case and the kind of criminal justice reform she says is necessary to prevent this from happening again.

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The Indicator from Planet Money - The Denver basic income experiment

Homelessness is a pervasive issue that cities across the country struggle to address. This led an entrepreneur to team up with researchers and local foundations for an experiment called the Denver Basic Income Project. The goal was to see how different variations of a basic income program would impact the local homeless population. What the researchers found could become a guide for how localities in the United States could address the problem of homelessness.

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Everything Everywhere Daily - The Anarchy (Encore)

In the mid-12th century, England was in chaos. 

The king of England, Henry I, died without an heir. The country was divided between forces loyal to his daughter, Matilda, and his nephew, Stephen. 

For almost two decades, armed conflicts resulted in a breakdown of law and order and central authority.

Learn more about The Anarchy, how it began, and how it ended on this episode of Everything Everywhere Daily. 


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