How much power does the Fed really have?

Segments From This Episode

• Inflation is stuck above 2%. Can the Fed really do anything about it?

  by Nancy Marshall-Genzer

  

  Core PCE, the Fed’s preferred inflation measure, hit an annual rate of 3.3% today. But there’s not that much the Fed can do when there are so many factors outside of its control.

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• Consumers are pessimistic about the next six months

  by Caleigh Wells

  

  They plan to cut back their spending on most services, except for utilities, according to a survey by The Conference Board.

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• How Arizona's "Capitol-ism" points to a potential tax fix for the AI age

  by David Brancaccio

  

  Arizona sold its Capitol after the Great Recession to buy time for a temporary consumption tax. Could that same approach help offset AI-driven job tax revenue losses?

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• The Numbers

  by Amy Scott

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• What's driving an increase in orders for transportation equipment?

  by Caitlin Tan

  

  Fresh data on orders for new semi-trucks, trains and planes in July showed a 2.3% increase from the previous month. That follows two previous monthly decreases.

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• Running a historic motel off Route 66 is no easy pursuit

  by Sofia Terenzio

  

  Dawn Federico of the Blue Swallow Motel in Tucumcari, New Mexico, talks about how she came to own the iconic motel, and what goes into maintaining a historic buidling.

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• The Gila River Indian Community "walks the walk" on water conservation

  by Amy Scott, Livi Burdette and Sofia Terenzio

  

  In the face of critical drought and new cuts to water use, Governor Stephen Roe Lewis talks longevity in the Colorado River water system.

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