The risks of defanging the Federal Reserve
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Reuters
4.4 • 58 Ratings
🗓️ 2 October 2025
⏱️ 28 minutes
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| 0:00.0 | Hi, just leave on work now. Sorry, it's a bit loud. |
| 0:03.3 | Um, basically, so I was thinking we could get Macies tonight. Had a big Mac on my mind all day, and delivery fee on the app is now from 99P. So you win? Of course you are. Love you. Bye! Exclusively on the McDonald's app. 18 plus, service fee and small order fee may apply. Participating restaurants. Serving times and teas and seas apply. The views expressed on this podcast are those of the participants, not of Roger's News. |
| 0:27.4 | We have a man named Jerome Too Late Powell. |
| 0:31.6 | You've probably heard of him. |
| 0:32.7 | It's too late. |
| 0:33.4 | It's way too late. |
| 0:34.9 | And the economy is so strong that it's pushing through that. |
| 0:38.5 | Normally it would have been much tougher, but we're doing so well that we're pushing through it. |
| 0:43.3 | But it makes it very hard for people to get mortgages because too late is too late. |
| 0:48.0 | Very simple. He's too late. |
| 0:50.7 | In his second term, President Donald Trump has pushed Congress into pliancy or irrelevance, |
| 0:59.2 | drastically reshaped federal agencies and pushed it to the limits of his legal authority. |
| 1:05.2 | But he has often gotten pushed back by the courts. |
| 1:09.2 | There remains one interesting stumbling block to his quest for control |
| 1:13.6 | of the US government apparatus, and that is the Federal Reserve in the US. Aside from Chairman |
| 1:20.6 | Jay Powell, the nominally independent Central Bank's board of governors is split evenly between |
| 1:25.9 | his own appointees and those of his predecessor. |
| 1:29.5 | Now the Supreme Court will decide on whether he's able to oust Lisa Cook, cementing a Trumpian |
| 1:36.1 | majority. But if he's successful, what can he do with a defanged Federal Reserve? |
| 1:43.6 | Right. This is enormously important for the Trump |
| 1:46.2 | presidency, right? Because set aside the merits or otherwise of the attempt to oust current |
| 1:52.0 | incumbent Fed Governor Lisa Cook, who was appointed by President Joe Biden, and this is ostensibly |
... |
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