Join Rachel Scott, an ABC News reporter covering Trump’s staffing choices, Elizabeth Schulze, who tracks the economy and the Fed, and Matt Gutman, ABC's chief national correspondent on wildfires. They delve into the historic appointment of Trump’s first female chief of staff and explore the dynamic between Trump and the Federal Reserve as interest rates shift. Additionally, they discuss the devastating wildfires in Southern California, highlighting both the destruction and community resilience in the face of crisis.
Trump's appointment of Susie Wiles as chief of staff reflects a strategic move to ensure loyalty and control in his administration.
The ongoing wildfires in Southern California highlight the increasing severity of wildfire seasons and the challenges facing firefighting efforts.
Deep dives
Incoming Administration Dynamics
Donald Trump's selection of his campaign manager, Susie Wiles, as chief of staff signifies a strategic approach aimed at maintaining loyalty and control within his administration. Wiles has proven adept at managing Trump's chaotic style while still providing a disciplined campaign strategy, a critical factor as Trump prepares for potential policy initiatives. Her loyalty and understanding of Trump's priorities are seen as essential for navigating the complexities of a new presidency. As Trump looks to continue his hardline stance on various issues, including immigration, Wiles will play a vital role in executing these policies effectively from the outset.
Economic Policies and Federal Reserves' Independence
The relationship between the incoming Trump administration and the Federal Reserve highlights concerns regarding economic policy independence. As the Fed has recently lowered interest rates to stabilize borrowing costs, its decisions may be influenced by Trump's economic agenda, which includes corporate tax cuts and tariffs. Trump has historically sought lower rates to stimulate growth, but his previous criticisms of the Fed chair suggest potential friction if policies diverge from his goals. The Fed chair emphasizes the need for economic decisions based on data rather than political pressures, aiming to maintain the institution's independence.
California Wildfire Crisis
The recent Mountain Fire in California has rapidly spread, fueled by hurricane-force winds, resulting in significant destruction of homes and displacing thousands. Firefighters struggle to contain the blaze due to extreme conditions, which include wind gusts reaching up to 80 miles per hour, complicating their efforts and prioritizing life-saving measures over property protection. The situation illustrates a shift in wildfire patterns, as fires encroach on areas traditionally deemed safe from such threats. Despite the destruction, no lives have been reported lost, showcasing both the dangers posed by the rapidly escalating wildfire season and the resilience of local communities.
President-elect Trump names the first female chief of staff in White House history. Federal Reserve Chair Jerome Powell announces an interest rate cut, before declaring that he will not resign even if asked. And fueled by 80 mph winds, wildfires rage across Southern California.