If Powell Leaves: Long-Term Risks to Fed Independence

We’ll give Donald Trump this month: Thanks to his efforts, political discourse has moved on (for now) from health care and the Epstein coverup. But … not to anything particularly helpful for him.

In this episode, Matt and Brian discuss:

* What on Earth did Donald Trump think he was doing by ordering a campaign of legal harassment against Fed Chairman Jay Powell

* Is there a pattern that explains why Trump’s rich sycophants censor themselves in some cases, but stand up to stop him in others?

* How can Democrats prepare for a likely future where Trump is gone, but he’s managed to transform the Fed (and other powerful institutions of government) into MAGA strongholds?

Then, is the federal assault on Minneapolis the exception to the trend of flailing, or part of the same story? How can Democrats capitalize on the fact that the public has rejected his vicious mass deportation? Should they even bother? And can they slake the public’s desire for accountability and reform without repeating the mistakes of the past?

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Further reading:

* Matt on the economic folly of exploitation.

* Brian on Trump’s flailing.

* Powell’s defiant video response to Trump.