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The Lead with Jake Tapper

British PM Refuses to Join Iran War

The Lead with Jake Tapper

CNN

News

3.51.7K Ratings

🗓️ 16 April 2026

⏱️ 82 minutes

🧾️ Download transcript

Summary

President Trump’s new threat against the chair of the Federal Reserve. Plus, a second investigation has been launched into former congressman Eric Swalwell. Also, the International Monetary Fund is warning the Iran war could create a global shortage of oil and tip the world into a recession.   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

It's tax day, people are getting bigger refunds, but that's not the only major money news today.

0:08.0

The lead starts right now.

0:10.0

The Fed's turned away at the Federal Reserve as they try and investigate its chairman Jerome Powell.

0:19.0

Today, President Trump's new threat against the Fed chair

0:21.6

if he doesn't leave in exactly one month,

0:23.8

that's when his term is up.

0:25.2

Plus, despite the pushback, the president,

0:27.6

keeping the Jesus controversy alive,

0:29.6

this time calling his latest post, quote,

0:31.9

quite nice.

0:32.7

And a mother's desperate decision during a fire,

0:35.9

tossing her children from a third-story apartment window to firefighters waiting below.

0:42.3

Come here, come here, for me.

0:45.3

We'll speak with that mother here on the lead.

0:52.3

Welcome to lead on Phil Mattingly, in for Jake Tapper.

0:55.0

We start in our money lead, the Cornerstone Independence of the Central Bank.

1:00.0

The U.S. Federal Reserve, yeah, it's headed for another major stress test.

1:04.0

Just one month from today, on May 15th, Jerome Powell's term as Fed chairman is set to expire. Now Powell has promised to stay on the job as chairman pro tem until a successor is confirmed,

1:16.6

saying that is what the law calls for.

1:19.6

But in a new interview that aired today on Fox business, President Donald Trump was asked what would happen if Powell does stay.

1:25.6

I don't have to fire him, okay? If he's not leaving on time, asked what would happen if Powell does stay.

1:29.8

I don't have to fire him, okay?

...

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