Andrew Ackerman

In this engaging discussion, economics reporter Andrew Ackerman explores President Trump's longstanding desire to oust Federal Reserve Chair Jerome Powell. He delves into the chaotic relationship between Trump and Powell, highlighting the president's frustrations over monetary policy. The conversation also covers the complexities surrounding the appointment of a new Fed leader, the importance of reliable economic data, and recent concerns over the integrity of U.S. economic statistics, particularly in light of inflation pressures.

Andrew Ackerman, a banking reporter for The Washington Post, dives into the escalating feud between Jerome Powell and former President Trump, sparked by a DOJ investigation into Powell's statements about Fed renovations. Ackerman discusses the implications of this probe for the Fed's independence and how sustained political pressure can harm the central bank's credibility. He also highlights the potential risks to the economy if the Fed's neutrality is compromised and speculates on who might replace Powell amidst political tensions.

Andrew Ackerman, a banking reporter for The Washington Post, dives into the intriguing world of prediction markets, where one mystery gambler scored over $400,000 on a bet predicting Nicolás Maduro's ouster. He explains how this anonymous bettor could potentially have inside information and discusses the growing popularity and risks of these loosely regulated markets. From betting on elections to sports, Ackerman highlights the rapid expansion of this industry, alongside concerns of insider trading and the need for regulatory clarity.