Swamp Notes: The Federal Reserve’s tariff dilemma
FT News Briefing12 Huhti 2025

Swamp Notes: The Federal Reserve’s tariff dilemma

US President Donald Trump’s global trade war has made a mess for the Federal Reserve. Despite an encouraging US consumer price index report this week, there are major concerns about the inflationary nature of Trump’s tariffs. Meanwhile, the Fed has cut growth forecasts. And if all that wasn’t enough, Trump is breathing down chair Jay Powell’s neck to cut interest rates. The FT’s US economics editor Claire Jones and economics commentator Chris Giles explain why the central bank is caught in a difficult position.


Mentioned in this podcast:

Jay Powell’s tariff dilemma: defend the economy or contain inflation

Alphaville: An emergency rate cut from the Fed?

US inflation falls more than expected to 2.4% in March

Federal Reserve ‘absolutely’ ready to help stabilise market if needed, top official says


Sign up for the FT’s newsletter Chris Giles on Central Banks

Sign up for the FT’s Swamp Notes newsletter here


Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson.


Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Jaksot(2098)

A wave of repression in Venezuela

A wave of repression in Venezuela

Leading asset managers are positioning for a sharp sell-off in US technology stocks, Venezuela’s government has launched a crackdown after the US captured Nicolás Maduro, and the Trump administration ...

7 Tammi 10min

The investors eyeing Venezuela’s oil

The investors eyeing Venezuela’s oil

Ousted Venezuelan president Nicolas Maduro pleaded not guilty to narco trafficking charges, and smaller private investors are eager to invest in Venezuelan oil. Plus, Chinese carmarkers are expected t...

6 Tammi 11min

Trump plans to ‘run’ Venezuela. What now?

Trump plans to ‘run’ Venezuela. What now?

US President Donald Trump has warned Venezuela’s defacto leader she must meet America’s demands following Nicolas Maduro’s capture. We explore what Trump hopes to achieve in the Latin American country...

5 Tammi 12min

Predicting 2026: Will the Magnificent 7 tech stocks continue to diverge?

Predicting 2026: Will the Magnificent 7 tech stocks continue to diverge?

Financial Times columnist Gillian Tett predicted that the Magnificent 7 tech stocks were not going to fall, but they wouldn’t ride a lot higher either in 2025. What actually happened was a bit of a mi...

2 Tammi 9min

Predicting 2026: Will Trump and Musk officially reunite?

Predicting 2026: Will Trump and Musk officially reunite?

Europe’s banking industry could shed 10 per cent of its workforce by 2030. Plus, the FT’s US national editor and columnist Edward Luce predicted America’s president would not fall out with one-time “f...

31 Joulu 202512min

Predicting 2026: Will Ukraine finally get a peace deal?

Predicting 2026: Will Ukraine finally get a peace deal?

The FT’s Europe editor Ben Hall thought there would be a Ukraine peace deal in 2025. Despite lots of back and forth over ceasefire proposals, an agreement has yet to materialise. The negotiations reve...

30 Joulu 20259min

Trump and Zelenskyy tout progress on peace but ‘thorny’ issues remain

Trump and Zelenskyy tout progress on peace but ‘thorny’ issues remain

US President Donald Trump hosted Ukraine’s leader at Mar-a-Lago for high-stakes peace talks but failed to reach a breakthrough. Plus, FT markets columnist Katie Martin predicted that in 2025, the bond...

29 Joulu 202511min

Unhedged: Markets had an incredible year. Can that continue?

Unhedged: Markets had an incredible year. Can that continue?

What went right in 2025? What could go wrong in 2026? Recorded for the FT’s digital conference The Global Boardroom, Katie Martin and Rob Armstrong talk with Ian Smith, the FT’s senior markets corresp...

26 Joulu 202537min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
politiikan-puskaradio
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
tervo-halme
rss-vaalirankkurit-podcast
rss-pinnalla
rss-asiastudio
otetaan-yhdet
the-ulkopolitist
et-sa-noin-voi-sanoo-esittaa
rss-podme-livebox
rss-raha-talous-ja-politiikka
rss-kaikki-uusiksi
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset
rss-ulkopoditiikkaa
aihe
rikosmyytit
rss-merja-mahkan-rahat