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Money Talks from The Economist

Powell move: how Trump’s Fed fight could backfire

Donald Trump’s administration has gone to war with the Federal Reserve. His justice department has issued subpoenas to the Fed. But chair Jerome Powell says they have nothing to do with alleged wrongdoing and everything to do with pressuring him to cut rates. Around the world, central bankers have come to Powell’s defence and, at home, even Republican lawmakers have called for the Trump administration to back down. So has Trump’s latest offensive against the Fed just backfired?


Hosts: Mike Bird and Alice Fulwood. Guest: Alan Blinder, former vice chair of the Federal Reserve


Transcripts of our podcasts are available via economist.com/podcasts.


Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.


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