The Daily Beast Podcast Why Trump Is The Real Danger to the Economy: Ruhle
Aug 28, 2025
Stephanie Ruhle, host of MSNBC's The 11th Hour, dives into Donald Trump's contentious relationship with the Federal Reserve. She discusses how Trump pressures Wall Street CEOs, prioritizing loyalty over sound judgment. Ruhle elaborates on Trump's tactics that pose risks to economic stability, revealing how his influence creates a chaotic environment. The conversation also touches on how Wall Street's concerns about socialist candidates overshadow more pressing threats from Trump's administration.
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Power Over Policy
- Donald Trump’s attacks on the Fed are primarily about exerting power and demanding loyalty rather than policy specifics.
- Stephanie Ruhle warns this undermines the Fed’s century-long independence that supports U.S. economic credibility.
Fed Independence Is A Global Trust Asset
- Replacing Fed governors to gain a friendly majority would politicize monetary policy and risk investor trust in the dollar.
- Ruhle says that such interference could make the U.S. look like a 'banana republic' and damage reserve-currency status.
How Cook Became A Target
- The administration cited alleged mortgage fraud against Lisa Cook after a referral by Bill Pulte, illustrating how political allies surface charges.
- Ruhle notes Wall Street fear: when the government wants you, it will find a way to get you.