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This is the political scene, a weekly conversation with New Yorker writers and editors about politics.

It's Friday, October 19th.

I'm Dorothy Wickenden, executive editor of The New Yorker.

In the past few years, the economy has continued its steady recovery from the 2008 recession,

with the stock market reaching unprecedented highs.

Last week, the Dow Jones dropped sharply, losing

5% of its value in two days. President Trump blamed the Federal Reserve for the slump,

calling its plans to raise interest rates out of control. In an interview with Shannon

Bream on Fox News, he had this to say.

The problem, in my opinion, is treasuries and the Fed.

The Fed is going loco, and there's no reason for them to do it, and I'm not happy about it.

John Cassidy joins me to discuss the mysteries of Trumponomics and how voters are responding

to an economy that seems extraordinarily strong, but also

...