Marketplace All-in-One Trump turns up the heat on the Fed
Aug 20, 2025
Tensions rise as President Trump pressures the Federal Reserve, even calling for a governor's resignation over fraud claims. A significant court win for SpaceX could reshape the National Labor Relations Board's power. The conversation also touches on the role of museums in representing history and the complexities of discussing slavery. Lastly, a listener shares a heartwarming story about restoring cherished boots, illustrating the joy found in maintaining personal treasures.
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Political Pressure Threatens Fed Independence
- Political pressure on the Fed could reshape its independence and interest-rate trajectory.
- Removing a governor like Lisa Cook would likely tilt voting toward rate cuts and politicize monetary policy.
Personal Account Of Lisa Cook's Reputation
- Kimberly Adams recounted moderating a panel with Lisa Cook and interviewing her many times.
- She described Cook as highly respected and influential in the field.
Museum Audits Fit A Larger Narrative Control
- The administration's audit of the Smithsonian fits a broader push to sanitize American history.
- Efforts to remove uncomfortable narratives aim to control which national stories get emphasized.