Rate cuts and boots on the streets: Trump's economy and urban advancement

John Solomon Reports

John Solomon

Politics, News

4.6 • 6.1K Ratings

🗓️ 19 September 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, guest host Ben Whedon engages with Steve Moore, a former Trump advisor on economics and founding president of the Club for Growth. The discussion revolves around the recent Federal Reserve interest rate cut, its implications for the economy, and housing affordability, particularly for younger voters. Moore shares insights on the challenges facing the housing market, the importance of down payments, and the ongoing tariff issues affecting global trade. Also, Ben welcomes Michael Patrick Leahy from the Tennessee Star to discuss the pressing issues facing Memphis, Tennessee, as federal intervention is set to address the city's surging crime rates. We explore the complexities of law enforcement, local governance, and the cultural challenges that have contributed to Memphis becoming a hotspot for violent crime.

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Transcript

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0:00.0	Hi, folks, welcome back to the John Solomon Report's podcast.
0:09.2	I'm your guest host, Ben Whedon, and I'm here with you until Sunday.
0:13.1	Today we have a great lineup.
0:14.1	We're going to be talking to Steve Moore, former Trump Economic Advisor and one of the
0:17.5	main architects of the 2017 Tax Cuts and Jobs act. One-time nominee for the Fed,
0:22.1	we're going to be going into the implications for the most recent rate cut and what it pertains
0:27.0	for President Donald Trump's broader economic vision. We're also going to be talking to Michael
0:32.2	Patrick Leahy of the Tennessee Star looking at the implications for Trump sending the National Guard to Memphis, what they could expect to see how that will play out in that part of the country after already using DC as a blueprint.
0:45.0	We'll also touch base with him on their efforts to secure the rest of the Covenant Shooter Manifesto, which they've been working for years to try to secure, and contrasting that with
0:55.6	what's happened with the initiation shooting in Minnesota.
0:59.6	More recently, there's been a massive discrepancy in the transparency between the Biden and
1:05.3	Trump administrations, and we look forward to exploring that.
1:07.6	We'll be back right after the break.
1:15.2	Music forward to exploring that. We'll be back right after the break. All right, folks, welcome back. I'm here with Steve Moore, former Trump advisor on economics
1:20.1	and the founding president of Club for Growth. Mr. Moore, thank you for being with us today.
1:24.3	Thank you so much for having me. So the Fed finally caved to Trump's whims in the past
1:29.7	this week by lowering interest rates by 0.25%. We've gone from 4.25 to 4. Your take on the potential
1:38.5	impact. So far, it seems like the stock market has been a little lethargic to respond.
1:44.5	Yeah, well, that's because, you know, Fed rate cut like this isn't going to make a whole lot of
1:49.6	difference in the economy.
1:51.1	You know, I do believe Wall Street and Washington way over obsessed about Fed rate cuts.
1:56.3	Remember, the Fed does not control the mortgage rate.
	...

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