logo
episode-header-image
Jul 24
25m 52s

The dangers of fiscal dominance

MARKETPLACE
About this episode

President Trump wants lower interest rates now, but what could that mean for the economy? "Marketplace" host Kai Ryssdal speaks with Neil Irwin at Axios about the implications of Trump's push to cut rates, and why central banks should stay focused on stabilizing the economy, not helping the government manage its debt. Also on the show: One of the pieces passed in the GOP's sweeping budget bill was a measure that would end taxes on tips and overtime. We look at who qualifies and who doesn't. And later, how companies are viewing the cost and importance of business travel.


Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.


Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Up next
Yesterday
Our economic future is a black box
Know how the government shutdown put the kibosh on federal data distribution, like last week’s cancelled September jobs report? Well experts haven’t just had a tough week of interpreting this economy — they’ve had a tough year. In this episode, the Trump administration’s policies ... Show More
25m 54s
Oct 7
Filling the federal data void
The federal government shutdown drags on this week, leaving a labor data vacuum. Private firms are hoping to fill the gap with their own data sets — some are even offering ‘em for free. Unfortunately, that private data is narrower and less comprehensive than typical BLS reports. ... Show More
25m 22s
Oct 6
Are AI financing loops efficient or alarming?
OpenAI announced it will invest big time in chipmaker AMD, potentially in exchange for a stake in the firm. As AI investment has ramped up, similar deals have become common. Do these partnerships signal a strengthening sector? Or are they a symptom of an AI bubble headed toward a ... Show More
25m 45s
Recommended Episodes
Aug 2024
Deficit Spending Will Send S&P 500 To 6,000 And Beyond | George Robertson & Mel Mattison on the True Risk-Free Rate and The Fed's Control of The Treasury Market
Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG.--This interview with George Robertson and Mel Mattison explores why deficit spending will send stocks and risky assets higher. We also discuss the t ... Show More
2h 35m
Dec 2024
Martin Wolf interviews Larry Summers: Is Trump a threat to the US economy?
The US has just overcome one abrupt spike in inflation, which may have cost Kamala Harris her bid for the presidency. But now President-elect Donald Trump’s policy agenda threatens to cause another one. That’s according to Larry Summers, the former US Treasury Secretary and Presi ... Show More
31m 42s
Feb 2020
QE won’t cure the Coronavirus or the economy – Ep 533
Coronavirus may be worse than anyone thought, but why aren’t the markets worried? Gold mining stocks looking positive again. Underlying weakness in the dollar being revealed in gold. Obama and Trump are fighting over a booming economy that doesn’t exist. 1/3rd of Americans run ou ... Show More
47m 4s
May 2025
Buy less, pay more?
This week, President Trump acknowledged his tariffs were resulting in costlier items in the U.S., but maintained his position that China was taking the majority of the heat. If people can’t afford to buy as much, might that be a recipe for recession? We’ll discuss, and answer a l ... Show More
10m 47s
Jan 2025
Reeves’s Economic Plan On The Brink, LA Death Toll Expected To Rise & Trump’s Greenland Obsession
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) UK Chancellor Rachel Reeves is struggling to maintain financial market confidence, with the 10-year gilt yield rising to its highest since 2008 and the pound falling to its weakest in ov ... Show More
22m 35s
Apr 2025
Trump Is “Kitchen Sinking” The US Economy | Darius Dale
In this episode, Darius Dale of 42Macro joins the show to discuss Trump transitioning the US economy to a new paradigm, the potential for a recession and its impact on markets, and the threat of a debt refinancing air pocket. We also delve into why the Fed needs to transition to ... Show More
56m 56s
Jan 2024
The federal budget loop de loop
We’re approaching a partial government shutdown, again. We’ll get into why it feels like we’re back at square one and where Congress goes next. And, we’ll explain why the panel blowout during an Alaskan Airlines flight is a big problem for Boeing, despite its strong position in t ... Show More
15m 58s
Apr 2025
Should we be optimistic about the US economy? With Michael Strain
Almost a month since ‘liberation day’, the potential impacts of President Donald Trump’s tariff regime are starting to sink in. US hard data isn’t yet showing much negative impact from changes to US trade policy – but economists are gloomy on US growth prospects. The IMF last wee ... Show More
31m 2s
Mar 2025
Is Trump leading us into a recession?
In an interview broadcast on Sunday, President Donald Trump declined to rule out that Americans could see a recession this year as the economy stutters from his efforts to impose tariffs and cut down the size of the federal government. He told Fox News anchor Maria Bartiromo, “I ... Show More
20m 23s