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Background Briefing with Ian Masters

August 26, 2025 - David Faris | Robert Hockett | Emma Ashford

Background Briefing with Ian Masters

Ian Masters

News

4.7622 Ratings

🗓️ 26 August 2025

⏱️ 62 minutes

🧾️ Download transcript

Summary

Another Governor, Illinois' Pritzker, Stands up to Trump While Democratic Leaders in the House and Senate are MIA | After Trying to Terminate the Fed Chair, Trump Fires the First and Only Black Woman on the Fed, But She is Staying Put | How the U.S. Should Deal With the Way the World is, Not How We Wish It To Be backgroundbriefing.org/donate twitter.com/ianmastersmedia bsky.app/profile/ianmastersmedia.bsky.social facebook.com/ianmastersmedia

Transcript

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0:00.0

Hello and welcome to Background Briefing, available 24-7 at Background Briefing.org.

0:16.8

I'm Ian Masters, and today we'll look into a number of stories and issues in the news.

0:21.2

We'll begin with another Democratic governor standing up to Trump, while Democratic leadership

0:26.1

in the House and Senate are AWOL, and that is Illinois Governor Pritzker, who bluntly told Trump

0:32.3

to keep the military out of Chicago, adding, quote, this is about Donald Trump searching for any justification

0:38.5

to deploy the military in a blue city, in a blue state, to try to intimidate his political

0:44.5

rivals. Joining us, David Farris, a professor of political science at Roosevelt University in Chicago,

0:50.9

and a regular contributor to Slate the Week and Newsweek. He is the author of Time to Fight

0:56.0

Dirty, How Democrats Can Build a Lasting Majority in American Politics, and most recently,

1:01.3

The Kids Are All Left, How Young Voters Will Unite America. And we will discuss his latest article

1:06.5

at the nation, American Democracy, RIP.

1:16.0

Then with Trump firing the first and only black woman to serve on the board of the Federal Reserve and a defiant Fed governor Lisa Cook saying she's staying put, calling Trump's bluff

1:21.3

after he failed to find a way to fire the chairman of the Fed, Jerome Powell,

1:26.1

we will assess this standoff with Robert Hockett,

1:29.3

the Edward Cornell Professor of Law and Finance, and a Professor of Public Policy at Cornell University.

1:35.6

He has firsthand experience working at the International Monetary Fund and the Federal Reserve Bank

1:40.3

of New York and continues to consult for a number of U.S. federal, state, and local

1:44.9

legislators. He drafted Representative Alexandria Ocasio-Cortez's Green New Deal

1:51.0

resolution for the House of Representatives and officially advises her on economic policy.

1:56.1

His latest books are money from nothing or why we should stop worrying about debt and learn

2:00.7

to love the

2:01.2

Federal Reserve, financing the Green New Deal, a plan of action and renewal, the citizens

...

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