A New Leader — and a New Showdown — at the Fed
The Daily14 Mai

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:

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.

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Episoder(2861)

Wednesday, Jan. 24, 2018

Wednesday, Jan. 24, 2018

Tonya Harding had talent, but the world of figure skating wanted nothing to do with her. She was called “white trash.” And when Nancy Kerrigan was bashed in the knee just before the 1994 Winter Olympi...

24 Jan 201835min

Tuesday,  Jan. 23, 2018

Tuesday, Jan. 23, 2018

President Trump’s plan to build a “big, beautiful wall” between the United States and Mexico has become the ultimate symbol of a hard-line immigration policy. So why, as Congress voted to end a govern...

23 Jan 201822min

Monday, Jan. 22, 2018

Monday, Jan. 22, 2018

Democrats forced the federal government to shut down by saying there could be no budget deal without a deal on the Deferred Action on Childhood Arrivals program, or DACA. Republicans have refused to e...

22 Jan 201818min

Friday, Jan. 19, 2018

Friday, Jan. 19, 2018

The only Democrat in the room when President Trump railed against African immigrants as coming from “shithole countries” tells his side of the story. The ensuing fight over immigration has put the gov...

19 Jan 201822min

Thursday, Jan. 18, 2018

Thursday, Jan. 18, 2018

America’s addiction crisis has become a lucrative business, and fortunes have been made in the growing rehab industry. But the death of a patient in California has raised questions about how to treat ...

18 Jan 201822min

Wednesday, Jan. 17, 2018

Wednesday, Jan. 17, 2018

A Senate Judiciary Committee hearing on border walls turned into a fight over the language President Trump used to describe Haiti and some African countries. Why does it matter so much to members of C...

17 Jan 201820min

Tuesday, Jan. 16, 2018

Tuesday, Jan. 16, 2018

As South Korea prepares to host the Winter Olympics, it has been eager to get the North to participate. What is Seoul afraid will happen if it won’t? And, for 38 minutes on Saturday morning, people in...

16 Jan 201823min

Friday, Jan. 12, 2018

Friday, Jan. 12, 2018

President Trump has demanded to know why the United States should welcome immigrants from “shithole countries.” His words have alarmed lawmakers and threatened an immigration deal. But they have also ...

12 Jan 201819min

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