6/19/25: Trump flips out on Fed chair as David Pakman deemed top recognized progressive commentator
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 19 June 2025
⏱️ 64 minutes
🧾️ Download transcript
Summary
-- On the Show:
— Dr. Zachary Rubin joins the show to discuss pandemic prevention, vaccine policy, and public health communication under Trump
— Federal Reserve Chair Jerome Powell calmly but clearly blames Donald Trump’s tariffs for slowing the economy, ignoring Trump’s insults and reminding the country that the Fed isn’t his punching bag
— Trump lashes out over Powell’s refusal to obey him, calls the Fed Chair “stupid,” suggests appointing himself, and rants about inflation like a guy who thinks economics is just vibes
— At a White House flagpole event, Trump teases an erection and asks if there are any illegal immigrants in the crowd—proving again that he can turn anything into a campaign rally freak show
— Trump struggles through an incoherent press conference, misrepresents Kamala Harris’s interview with 60 Minutes, dodges serious questions, and lies about polls while preaching unity out of nowhere
— Kayleigh McEnany accidentally diagnoses Trump’s entire movement as a national security threat while trying to describe someone else
— Trump delivers maybe his worst historical brain break yet, confusing the Declaration of Independence with the Civil War and suggesting the South declared independence in 1776
— According to a major international report, David Pakman is now tied as the most recognized progressive commentator in the country—alongside right-wing giants and with no corporate backing
-- On the Bonus Show: Karen Read acquitted in murder trial, Trump feuds with Tulsi, Trump admin closing LGBTQ+ suicide hotline, and much more...
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Transcript
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| 0:00.0 | Let's start today with a discussion about the economy. |
| 0:10.0 | Specifically, we're looking at the tension between what the White House wants and what |
| 0:15.1 | the Federal Reserve Chairman Jerome Powell says he is going to do. |
| 0:20.4 | It's about economics, yes, but it's also about intimidation. |
| 0:24.4 | It's also about fear and authoritarianism, as is just about everything with this administration. |
| 0:29.7 | So we're going to first look at what Jerome Powell said yesterday and then we will see the |
| 0:34.3 | reaction from the White House. |
| 0:36.0 | And I think it's important to mention |
| 0:37.5 | it might seem to you as though this is not an issue that affects you directly. Trump versus |
| 0:45.5 | Powell on the federal funds rate. How on earth does this affect me? But the truth is that |
| 0:50.5 | it affects all of us significantly. And we're going to talk about that in a moment when I get into what are the parameters for when the federal funds rate should go up or down. |
| 0:59.5 | This is the rate at which banks can borrow money from the federal government. Let's get to that |
| 1:07.5 | in a moment. But we're going to start with really some very direct comments from Jerome Powell. |
| 1:12.9 | He's usually sort of like a quiet technician in the back room. |
| 1:16.6 | He has walked out front. |
| 1:18.2 | He looked directly into the cameras yesterday. |
| 1:21.4 | And he said really what everybody on Wall Street's been whispering since Trump ignited |
| 1:26.1 | this tariff war, which is we are seeing |
| 1:28.8 | signs that the economy is slowing down and it is Donald Trump who is to blame. |
| 1:33.9 | It's certainly not China. |
| 1:36.9 | It's certainly not Democrats. |
| 1:39.2 | It's not the Fed. |
... |
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