The David Pakman Show 6/19/25: Trump flips out on Fed chair as David Pakman deemed top recognized progressive commentator
Jun 19, 2025
Former President Donald Trump joins to air his grievances against Federal Reserve Chair Jerome Powell, whom he derides as 'stupid' for not yielding to his demands. The discussion touches on Trump's chaotic press conference, where he misstates historical facts and plays to his audience with bizarre humor. David Pakman is recognized as a leading progressive commentator, showcasing a shift in political commentary dynamics. Meanwhile, they explore the potential dangers of Trump's rhetoric and the lasting impacts of his policies on the economy.
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Powell Stands Firm Against Trump
- Jerome Powell blamed Trump's tariffs for slowing the economy, rejecting political pressure to lower interest rates prematurely.
- The Federal Reserve maintains independence to focus on economic data, resisting presidential bullying and insults.
Trump's Fed Rate Misunderstanding
- Trump misunderstands economic policy, demanding impractical large interest rate cuts and insulting Powell.
- He even absurdly suggests appointing himself Fed Chair to control rates, showing ignorance of economic processes.
Fed Cuts Rates Based on Data
- The Federal Reserve lowers rates to stimulate growth during economic slowdowns, contradicting Trump's claim that the economy is fine.
- The Fed cuts based on data, not political desires, preserving economic stability over populist demands.