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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

🗓️ 18 September 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Federal Reserve lowered interest rates by 25 basis points yesterday. Steve breaks down how this will boost economic growth. Additional rate cuts are expected to come for the remainder of 2025. 

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Transcript

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0:00.0

We're listening to The Mark Simone Show.

0:02.8

On 710 W.O.R.

0:05.4

Well, Steve Moore is the great economist and columnist TV star Steve Moore.

0:10.9

Make sure you get his book, The Trump Economic Miracle.

0:13.8

And he runs the committee to Unleash Prosperity.com.

0:17.9

And every day, they put out the best daily briefing news stories analysis. It's free.

0:23.7

It'll come right to your email. Just go sign up at UnleashProsperity.com. Steve Moore, how you

0:30.0

doing? Hey, Mark. I'm doing well. Glad to see this. If that finally, maybe too late Jerome Powell finally got the rate cut done.

0:40.4

And I think Trump is very happy about that, although he wanted a bigger one.

0:45.1

But look, I'm positive about the economy.

0:47.5

I thought that Jerome Powell's speech yesterday was quite negative on the economy and excessively.

0:53.7

So, I mean, look, the economy and excessively so.

0:55.7

I mean, look, the economy is doing fine.

0:56.9

We're growing at 3%. Underd Production, we've got the border under control.

1:00.4

We've got, you know, the deregulation efforts are working out.

1:04.5

We've got 6 million job openings.

1:06.1

So why was he so dower?

1:08.3

Well, I noticed when he did the rate cut, the stock market went way up. I saw it go up. And then as I'm watching the market at his speech, it keeps dropping and drop. Every word he says it drops more and more. Couldn't he see that? Doesn't he realize he's having a – or is that deliberate? Is that what he wanted to do? Well, I think, you know, everybody knew that there was going to be a reduction in

1:29.7

rates.

1:30.2

I'm looking right now.

1:31.9

I haven't looked at the market yet this morning.

1:33.8

Yeah, I see that it's down.

...

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