Trump v The Federal Reserve Chair
What A Day17 Jul 2025

Trump v The Federal Reserve Chair

President Donald Trump spent Wednesday refuting reports he plans to imminently fire Federal Reserve Chairman Jerome Powell. The president has been complaining about him for months, accusing Powell of unnecessarily keeping interest rates high. But Trump’s frustrations seemed to reach a new peak this week amid reports he had a letter drafted to oust the man he appointed to the job back in 2017, then asked a group of House Republicans whether he should do it. Firing Powell would undermine the Federal Reserve’s independence. It’s also potentially illegal. Bloomberg Senior Editor and friend of the pod Stacey Vanek Smith stops by to talk about interest rates, inflation risks, and Trump’s very focused campaign of loathing against Powell.

And in headlines: Vice President J.D. Vance hit the road to put some proverbial lipstick on Trump’s pig of a new tax and spending law, the Trump administration deported five migrants to the small African nation of Eswatini, and the senior vice president of PBS Kids says the network will have to scale back new programing if Congress lets Trump claw back funding.

Show Notes:

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Episoder(1600)

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Some Aid Workers Turn To Sex Work Amid USAID Cuts

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The Deadly Dismantling Of USAID

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26 Aug 24min

Why Is CBP Detaining American Citizens?

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We’ve all seen how Customs and Border Protection has run roughshod over the civil rights of immigrants both legal and undocumented alike across the country. But if you’re an American citizen, you migh...

25 Aug 21min

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President Donald Trump is back at it with his nonsensical trade wars, and this time he’s targeting one of our closest allies: Canada. After trade negotiations crumbled at the eleventh hour, Trump’s 50...

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