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

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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

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TGI - EPISODE 122 ("I Dream of Feeny")