In recent weeks, President Donald Trump has escalated his criticisms of Federal Reserve Chair Jerome Powell over Powell’s decision to maintain interest rates at current levels. The comments follow reports that Trump is considering removing Powell from his position, and Treasury Secretary Scott Bessent said that the administration has begun vetting replacement candidates. Separately, on Tuesday, the Bureau of Labor Statistics (BLS) released its monthly Consumer Price Index (CPI) report, which showed prices rising faster than in May. The report added to existing concerns from economists and lawmakers that President Trump’s tariffs would be inflationary, a possibility that Powell has cited as his rationale for holding off on cutting the Fed’s interest rate.
Many listeners have been asking for an ad-free version of this podcast that they could subscribe to — and we finally launched it. You can go to ReadTangle.com to sign up!
You can read today's podcast here, our “Under the Radar” story here and today’s “Have a nice day” story here.
Take the survey: What do you think about cutting rates or removing Powell as Fed chair? Let us know!
Disagree? That's okay. My opinion is just one of many. Write in and let us know why, and we'll consider publishing your feedback.
You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here.
Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.
This podcast was written by: Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.
Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Hunter Casperson, Kendall White, Bailey Saul, and Audrey Moorehead.
","author_name":"Isaac Saul"}