The Drama at the Fed as It Debates Cutting Rates

The podcast discusses the Federal Reserve's dilemma of whether to raise or lower interest rates in the face of conflicting economic signals, including inflation and a potentially weakening job market. It explores how the Trump administration's policies, such as tariffs and immigration restrictions, complicate the Fed's decisions. The conversation also covers President Trump's attempts to influence the Fed by appointing new governors and the potential impact of these political pressures on the Fed's independence and monetary policy decisions. The podcast highlights the risks the Fed faces in making the wrong choice and the unusual circumstances surrounding a new Fed governor who is also an active White House advisor.