About this episode
The US president is angry with the chair of the Federal Reserve over interest rates. He’s applying a lot of pressure on Jay Powell to lower them or leave his job. The FT’s Claire Jones and Adam Posen, president of the Peterson Institute for International Economics, break down what will happen if Trump succeeds in either of those goals.
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Donald Trump and Jay Powell spar as US president visits Federal Reserve
Why a $2.5bn refurbishment of the Federal Reserve could be Jay Powell’s undoing
Donald Trump brings war against the Fed to Jay Powell’s home turf
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Swamp Notes is produced by Henry Larson and mixed by Samantha Giovinco. We get help from Lauren Fedor. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.
CREDIT: CNBC
Read a transcript of this episode on FT.com
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