The Federal Reserve faces a pivotal choice this week: cut interest rates to boost a cooling labor market, or hold firm to keep inflation in check. WSJ's Nick Timiraos breaks down the Fed's debate and high-stakes maneuvering as President Trump pushes to expand his influence over the central bank. Ryan Knutson hosts.
Further Listening:- The Federal Reserve ... Show More
Oct 7
Why Chinese Fentanyl Factories Are Making Peptides Now
The world’s biggest chemical industry is in China. For years, Chinese factories have also been a major producer of ingredients used to make fentanyl, the synthetic opioid that has contributed to thousands of deaths in the U.S. After a recent crackdown in China, WSJ’s Patricia Kow ... Show More
17m 41s
Oct 7
Red, White and Who? The Anti-AI Voters
“Red, White and Who?” The Journal’s election mini-series is back to cover the midterms. Every Wednesday for the next five weeks, Ryan Knutson talks with reporters around the country about issues important to voters. This week: in Ohio, a backlash against AI data centers is scramb ... Show More
24m 7s
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
Mar 2025
Can the Fed stay independent?
<p>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 eco ... Show More
21 m