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:

Episoder(1598)

Trump, Iran And A Brewing Economic Crisis

Trump, Iran And A Brewing Economic Crisis

In case you haven’t noticed, the American economy isn't doing so well right now. Oil prices have been on an absolute rollercoaster since the Iran war began — but that’s not all. On Friday, the Bureau ...

11 Mar 28min

The War With Iran Has No Exit Plan

The War With Iran Has No Exit Plan

The Iran war is a little over a week old and the Trump administration has supplied more than a dozen explanations about why, exactly, it began. Confused? Well, now we’re getting wildly conflicting mes...

10 Mar 23min

Can States Stop Trump’s Election Meddling?

Can States Stop Trump’s Election Meddling?

President Donald Trump wants to dramatically change how Americans vote, and to make that happen he’s holding all other legislation hostage until Congress passes the SAVE America Act. The bill would re...

9 Mar 20min

Sen. Mark Warner Won’t Miss Kristi Noem

Sen. Mark Warner Won’t Miss Kristi Noem

On Thursday, President Donald Trump fired Department of Homeland Security Secretary Kristi Noem via a Truth Social post. Her tenure was marked by a photoshoot in a superprison in El Salvador, brutal i...

6 Mar 21min

Can Talarico Turn Texas Blue?

Can Talarico Turn Texas Blue?

Three states – North Carolina, Arkansas, and Texas – held primaries Tuesday. The turnout was massive, but so were the stakes, with the balance of power in Congress being decided this year. Texas held ...

5 Mar 21min

Trump’s War Hits The Economy

Trump’s War Hits The Economy

The U.S.-Israeli war in Iran is sowing death and chaos, surely, but with ship traffic avoiding Iran’s shores, the war’s also threatening the global economy through higher oil prices. Miles Taylor expl...

4 Mar 24min

Why Congress Might Not Stop Trump’s War In Iran

Why Congress Might Not Stop Trump’s War In Iran

Today, Trump officials brief all of Congress on what, exactly, the administration’s objectives are in Iran. Until now, the Trump administration has given conflicting accounts as to why the U.S. attack...

3 Mar 19min

Trump’s Dangerous Gamble In Iran

Trump’s Dangerous Gamble In Iran

Over the weekend, the U.S. and Israel launched airstrikes that reportedly hit more than 2,000 targets across Iran. In response, Iran struck sites across the Middle East. What, exactly, is the United S...

2 Mar 24min

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