Make Me Smart Trump turns up the heat on the Fed
Aug 20, 2025
Tensions rise as President Trump pressures the Federal Reserve ahead of a critical meeting, demanding the resignation of a governor over serious allegations. Meanwhile, SpaceX scores a judicial win affecting labor rights regulations. The conversation also dives into Trump's censorship attempts regarding historical narratives, warning of the consequences for public understanding. As the hosts explore what constitutes a 'good life,' they emphasize personal growth and the joy found in simple experiences, like reviving beloved footwear.
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Political Pressure On The Fed
- The White House is escalating pressure on the Federal Reserve and targeting Governor Lisa Cook amid disputes over interest-rate policy.
- Removing Cook would likely shift the Fed toward a pro-rate-cut majority and politicize central-bank independence.
Jackson Hole Spotlight On Powell
- Jay Powell's Jackson Hole speech will face heightened scrutiny because of political pressure and mixed economic signals.
- Powell must balance a weakening labor market against uncertain inflation dynamics under intense market attention.
Personal Praise For Governor Cook
- Kimberly Adams described moderating a panel with Lisa Cook and praised her wide respect in economics.
- She emphasized Cook's quiet influence and the significance of the administration's targeting.