P.M. Edition for July 15. JPMorgan Chase CEO Jamie Dimon has become the first head of a U.S. financial institution to publicly address the Trump administration’s broadsides against Federal Reserve Chair Jerome Powell, even as Treasury Secretary Scott Bessent announces that the formal search for Powell’s replacement has begun. Plus, consumer prices rose 2.7% ... Show More
Yesterday
Shutdown Pain Spreads Across America
A.M. Edition for Oct. 8. The federal shutdown enters its second week, with strain spreading across the U.S. A new Trump administration memo casts doubt on whether furloughed workers will receive back pay once the government reopens. Plus, with Federal data frozen by the shutdown, ... Show More
13m 31s
Oct 7
Gold Hits New Record as Investors Worry About U.S. Economic Outlook
P.M. Edition for Oct. 7. Gold prices soared to $4,000 a troy ounce for the first time, topping off an investor rush for the precious metal this year that has defied past patterns. David Uberti, who covers commodities for the Journal, joins to discuss what’s driving the surge in p ... Show More
14m 8s
Mar 2025
Can the Fed stay independent?
President Donald Trump has loudly proclaimed his desire for lower interest rates. Jay Powell, chair of the Federal Reserve, responding to persistent inflation, has kept rates higher. And keeps mentioning that he can’t be fired. But is this true? Today on the show, the FT’s econom ... Show More
21 m
Aug 27
Fed showdown, France, Mamdani and Tayvis
Lisa Cook vows to fight President Donald Trump's Fed firing as governor in court, testing the limits of presidential authority. France's government is on the rocks after the prime minister called a sudden no confidence vote. The hip hop past of rising political star New York Demo ... Show More
12m 26s
Sep 2024
A Fed Insider on the Looming Rate Cut
This month, for the first time in over two years, the U.S. Federal Reserve is widely expected to cut interest rates. Mary Daly, the president of the Federal Reserve Bank of San Francisco, is one of 12 people who will decide how aggressive that cut should be. She talks to Kate abo ... Show More
21m 15s
Sep 16
Treasury Secretary Scott Bessent: Tariffs, TikTok, & A Duel 9/16/25
On the ground in London for the President’s state visit, Treasury Secretary Scott Bessent discusses tariffs, a potential trade deal with China, Federal Reserve independence, and reports of a spar between himself and Federal Housing Finance Agency Director Bill Pulte. Plus, Stephe ... Show More
45m 28s
Apr 2025
Taking Stock of the ‘Sell America’ Trade
Something strange happened in the US financial system earlier this week: the stock market, the bond market, and the value of the dollar all slumped. This volatility andrecent threats to fire Fed chief Jerome Powell are unnerving foreign investors, who are flocking to a new phenom ... Show More
20m 42s
Aug 23
Pentagon, Powell, Walmart, DC troops and Gaza's children
The Pentagon’s intelligence chief has been fired in the latest purge by President Donald Trump's administration. Fed Chair Jerome Powell hints at a rate cut in September. Walmart’s earnings reveal shifting consumer behavior under Trump’s tariff policy. National Guard presence alt ... Show More
12m 27s