logo
episode-header-image
Aug 8
12m 34s

A divided Bank of England

Financial Times
About this episode

Donald Trump has nominated Stephen Miran to fill a soon-to-be vacant seat on the Federal Reserve’s board of governors, and the Bank of England lowered rates by a quarter per cent in a close vote. Plus Europe’s weapons factories are expanding fast and US President Donald Trump threatens a 100 per cent tariff on chips excluding Apple. 


Mentioned in this podcast:

https://www.ft.com/content/298bf95e-49ec-4d9f-8948-b7f72cf4ffdd

BoE cuts rates with a hawkish shift in its outlook

Europe builds for war as arms factories expand at triple speed

Donald Trump threatens 100% tariff on chips but with carve-out for Apple

Sign up here for the Chris Giles on Central Banks newsletter.


Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Sam Giovinco, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
Quantitative easing is under the microscope
Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the ... Show More
10m 46s
Yesterday
Carmakers are falling back in love with petrol
A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging marke ... Show More
11m 25s
Oct 7
OpenAI’s circular deals
EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused ... Show More
10m 53s
Recommended Episodes
Feb 2025
Trump’s Gaza Fantasyland
Trump has reimagined Gaza in an AI video as a gold embossed beach resort. He’s fired the head of the army for being 'woke'. He’s banned the Associated Press from his press room. And his mate Elon Musk is calling on all federal employees to report each other if they don’t get with ... Show More
34m 52s
Apr 2025
Comeback Kid: Mark Carney Wins Canada Election
A.M. Edition for April 29. Former central bank governor Mark Carney leads his Liberal Party to a fourth term in office following a remarkable political turnaround. In a victory speech, Carney said Canadians were over the betrayal of Donald Trump’s tariffs, but that he was ready t ... Show More
14m 48s
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
Sep 14
Trump wages economic war on US allies, while BRICS builds alternative system
Donald Trump is imposing tariffs and unequal treaties on longtime allies in Europe, Japan, and South Korea, forcing them to pay and move their factories to the US. Meanwhile, BRICS and the Shanghai Cooperation Organization (SCO) are building a new multipolar world order based on ... Show More
1h 25m
Apr 2025
Tension grows between President Trump and the Federal Reserve
Tension has grown between President Trump and head of the Federal Reserve. Jerome Powell has faced fierce criticism from Donald Trump, who's accused him of being too slow to cut interest rates.We speak to Chinese manufacturers about the impact of tariffs on their business.And a h ... Show More
49m 26s
Sep 19
Federal Reserve Lowers Rates, But Less Than Trump Wants
The Federal Reserve voted this week to cut interest rates by a quarter percentage point. We discuss the factors behind the agency’s decision, as well as President Trump’s legal fight to fire Fed Governor Lisa Cook.This episode: political correspondent Ashley Lopez, financial corr ... Show More
18m 43s
Apr 2025
Can Trump Force Zelensky To Do A Deal?
Today, Donald Trump took to Truth Social to accuse Zelensky of harming Ukraine peace negotiations following the Ukrainian president telling a news conference he would not recognise Crimea as Russian.Adam is joined by James Landale, diplomatic correspondent, and Sumi Somaskanda, B ... Show More
37m 6s
Mar 2025
Trump goes to war with the law
The chief justice of the US Supreme Court has issued a stinging rebuke to Donald Trump's demand to impeach a judge who ruled against his administration's controversial deportation of migrants.Judge James Boasberg ordered a stop to the transfer of accused gang members to El Salvad ... Show More
36m 46s
Sep 18
US and UK sign tech partnership on Trump state visit
On the final day of his visit to Britain, US president Donald Trump has been meeting the UK prime minister, Keir Starmer, in talks dominated by trade and business deals. The US president has also signed what the UK prime minister says is a "groundbreaking" technology partnership ... Show More
47m 20s