Tangle Trump ramps up threats to remove Powell.
Jul 16, 2025
President Trump is ramping up his threats against Federal Reserve Chair Jerome Powell, considering his removal over interest rate decisions. Recent CPI reports show prices rising sharply, fueling inflation concerns linked to Trump's tariffs. The balancing act of the Fed amid political pressure is a hot topic, raising questions about central bank independence. Additionally, the podcast humorously touches on urban conveniences like Uber Eats and even discusses intriguing topics like cloud seeding and the cleanup of Paris's River Seine for the upcoming Olympics.
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Trump Threatens to Remove Powell
- President Trump escalated threats to remove Fed Chair Jerome Powell over his refusal to cut interest rates.
- Powell cites tariff-driven inflation as reason to hold rates steady, despite rising prices shown in recent CPI reports.
Left Warns Against Fed Politicization
- The left fears Trump's attempt to politicize the Fed would cause economic disaster.
- Central bank independence ensures stable, credible monetary policy and preserves investor confidence.
Right Questions Powell’s Tariff Argument
- Some right-wing critics reject tariffs as a reason for inflation and oppose Powell's resistance to rate cuts.
- Yet replacing Powell with a political appointee could cause market turmoil and higher inflation fears.