A New Leader — and a New Showdown — at the Fed

After a year of harassing and threatening Jerome Powell, the chairman of the Federal Reserve, President Trump replaced him on Wednesday.

Colby Smith, who covers the Fed, explains how the president ended one standoff only to create a new one.

Guest: Colby Smith, a New York Times reporter covering the Federal Reserve and the U.S. economy.

Background reading:

The Senate confirmed Kevin Warsh as the new chair of the Federal Reserve.
Video: How Jerome Powell managed a chaotic era.

Photo: Kenny Holston/The New York Times, Caroline Gutman for The New York Times

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(2858)

Two Superpowers Across the Table

Here’s what to expect from the summit between President Trump and China’s top leader, Xi Jinping. For the first time in nearly a decade, President Trump will meet with President Xi Jinping of China i...

13 Mai 26min

Why More Americans Are Seeking Religion

After decades of declining church attendance and a profound rise in secularism, religion is having a moment in America. Lauren Jackson, the host of the Believing newsletter, talks to Asthaa Chaturvedi...

12 Mai 42min

Is China Winning the A.I. Race?

President Trump is preparing to make a crucial trip to China this week to meet with its leader, Xi Jinping. A key issue hanging over the meeting is artificial intelligence, and whether the global A.I....

11 Mai 29min

For Mother’s Day, Classic Mom-isms

For Mother’s Day, we asked you about your “Mom mantras”: the oft-repeated mottos or go-to expressions that your moms have said over the years. In partnership with the Well desk, we received thousands ...

10 Mai 29min

A Personal Finance Star on What Millennials Need From Their Boomer Parents

Ramit Sethi wants everyone to have a healthier relationship to money, and thinks he knows how to get us there. Thoughts? Email us at theinterview@nytimes.com Watch our show on YouTube: youtube.co...

9 Mai 33min

The Resurrection of Michael Jackson

The new biopic about Michael Jackson has been a record-shattering box office success. The subsequent outpouring of love for the musician was the result of a painstaking, yearslong effort to resurrect ...

8 Mai 32min

What the End of Spirit Airlines Means for the Future of Flying

When Spirit Airlines shut down over the weekend, it brought an end to a company that had revolutionized air travel in the United States with its ultra-low-cost approach. Niraj Chokshi, who covers avia...

7 Mai 31min