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The Mark Simone Show

Mark Interviews Economist Steve Moore.

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3694 Ratings

🗓️ 19 June 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

Is Fed Chair Jerome Powell playing politics in lowering the Interest Rates? Manufacturing and the Economy right now is strong. The Big Beautiful Bill needs to get passed to go to the next step in the Trump's Economic Agenda.

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Transcript

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0:00.0

Now, more Mark Simone on 710 WOR.

0:09.4

Well, the hunt for Steve Moore continues.

0:14.8

Let's see.

0:15.8

What do you think?

0:17.8

I bet we find him.

0:22.0

Sometimes this happens.

0:23.0

Sometimes he's not there.

0:25.3

Sometimes we have to keep tracking him down.

0:26.8

And somewhere in the middle of the segment we find him.

0:29.0

Let's see if that's the case.

0:31.2

So I was going to ask him about the Fed chairman.

0:33.7

Powell, Jerome Powell, the Fed chairman, seems to be the most political Fed chairman ever.

0:40.3

You're supposed to go by the data that determines when you raise rates or when you lower rates.

0:46.1

He always seems to do the opposite of what the data shows.

0:49.7

He's a big Democrat, a big Biden lover, a big Trump hater, and that could explain his weird decision.

0:56.7

In support of our goals, today the Federal Open Market Committee decided to leave our policy

1:01.0

interest rate unchanged.

1:03.1

Okay.

1:04.0

Despite elevated uncertainty, the economy is in a solid position.

1:08.5

The unemployment rate remains low, and the labor market is at or near maximum employment.

1:13.6

Now, the economy is strong, very strong, but one thing Powell always does, he'll do that in these

1:20.7

rulings.

...

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