PBS News Hour - Full Show August 26, 2025 – PBS News Hour full episode
Aug 27, 2025
Brandon Scott, the Mayor of Baltimore, joins to discuss his city's ongoing efforts to tackle violence and build community resilience. He shares insights on how political narratives can overshadow local progress, especially amid national tensions. The conversation highlights the complexities of urban crime, community trust, and the importance of addressing root causes rather than resorting to militarization. Scott also emphasizes the critical role of leadership in fostering positive change amidst daunting challenges.
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Attack On Fed Independence Risks Inflation
- The Trump administration's attempted firing of Fed Governor Lisa Cook threatens long-standing Fed independence and could politicize monetary policy.
- Undermining independence risks higher inflation expectations and higher borrowing costs for households and businesses.
Seizing Board Control Chills Fed Debate
- Lael Brainard warns that seizing board control would chill honest debate and push monetary policy toward political aims.
- She says compromised independence historically leads to worse inflation and borrowing costs.
White House Push To Reshape Monetary Leadership
- David Wessel notes the president seeks a sympathetic Fed majority to push for lower rates and influence policy beyond governors.
- He highlights risk to regional Reserve Bank leadership and broader monetary governance.