This discussion features Jim Pickard, a political analyst at the FT, Anna Gross, who offers insights on economic implications, and Edward Luce, the FT's US national editor. They delve into the potential consequences of Trump's return, focusing on his radical plans that could reshape UK-US relations. The conversation includes how Labour should maneuver amid Trump's trade policies and tariffs, foreign policy anxieties, and the shifting perceptions of Trump among British politicians. The political fallout from the Southport tragedy and its implications for government trust are also explored.

Edward Luce, writer and journalist, discusses the complex relationship between big business and democracy under Trump. They explore the concentration of power in corporations, cognitive dissonance in business executives, and the arrogance of big business. They also touch upon the perception of a rigged system and the need for radical action for equal opportunity in America.

In this engaging discussion, journalist Caroline Frost explores media's shifting landscape post-Trump, while Edward Luce emphasizes the impact of social media on political narratives. Alex Horne reveals the secrets behind his hit show 'Taskmaster', discussing its unique format and international success. Megan McArdle offers insights on the challenges BBC faces following Gary Lineker's departure from 'Match of the Day', calling for a balance between tradition and modernization in sports broadcasting. The conversation is a vibrant mix of media analysis and creative storytelling.

The US Federal Reserve is fiercely independent, but that doesn’t mean politicians always treat it that way. The FT’s US national editor, Edward Luce, and acting US economics editor, Claire Jones, join this week’s Swamp Notes to explain how the central bank’s policy could affect the economy and therefore have an impact on the election result. Plus, why a second term for Donald Trump could put pressure on the Fed to play politics.Mentioned in this podcast:Trump’s dot plot for the FedJay Powell’s dilemma: the US economy is too strong to cut ratesGlobal inflation and interest rates tracker: see how your country comparesSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. CREDIT: US Federal ReserveRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Discussion on Biden's State of the Union address, campaign implications, GOP response targeting women voters, Democratic reactions, analysis of Trump's vaccine response and political consequences