President Trump’s decision to try to fire a member of the Federal Reserve’s governing board is his most audacious attack yet on the independence of the central bank.
Ben Casselman, chief economics correspondent for The New York Times, discusses why Mr. Trump’s route to controlling the Fed passes through the governor, an economics professor named Lisa Cook.
Today
The Sunday Daily: To Save His Life, Our Food Critic Reset His Appetite
For 12 years, Pete Wells had his dream job: working as the chief restaurant critic for The New York Times. The job’s journalistic mission required Wells to eat out most nights and taste nearly everything on any given restaurant’s menu. He didn’t realize it at the time, but the ex ... Show More
37m 14s
Jan 2025
How Trump’s Federal-Aid Fiasco Is Testing the Separation of Power
<p>On Tuesday, the Trump Administration sent out a memo attempting to put a blanket pause on most federal funding, sowing confusion about financing for student loans, SNAP benefits, nonprofits, and more. The next day, after a backlash, the Administration rescinded the memo, whil ... Show More
29m 34s
Apr 2025
Trump's First 100 Days: Project 2025 & Its Influence
The Heritage Foundation's "blueprint" for a new Republican administration got a lot of attention during the 2024 presidential campaign. While candidate Donald Trump said he "had never read" the document, President Trump has incorporated many of its policies, and authors, into his ... Show More
15m 3s
Sep 2025
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