Trump’s Economic Blitz & Fed Chair Showdown
The Ben Ferguson Podcast
iHeartPodcasts
4.9 • 4.7K Ratings
🗓️ 3 July 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
🏛️ Legislative Update: The “Big Beautiful Bill”
- The bill, strongly backed by Trump, is reportedly on the verge of passing the House of Representatives, having already passed the Senate after a marathon 27-hour amendment session.
- Trump aims to sign the bill by July 4th, aligning with his campaign promises.
- Key Republican figures and congressional reporters confirm momentum and optimism around the bill’s passage.
- The bill is described as potentially the largest tax cut in recent memory.
💼 Federal Reserve and Jerome Powell
- Trump is publicly pressuring Fed Chair Jerome Powell to resign immediately, criticizing the Fed’s refusal to lower interest rates.
- He accuses Powell and the Fed Board of failing in their duties, claiming they are costing the country trillions in interest.
- Trump has hinted at having “two or three” candidates in mind to replace Powell, including:
- Kevin Warsh (former Fed governor)
- Kevin Hassett (former NEC Director)
- Scott Desantis (Treasury Secretary)
- Christopher Waller (former World Bank President and Fed governor)
- Trump may announce a replacement as early as September or October, or wait until a 2026 Fed Board vacancy.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:05.4 | Welcome, it is the Ben Ferguson show. |
| 0:07.4 | It is nice to have you with us. |
| 0:08.8 | I was planning on being on family vacation and just taking some time off for the next week. |
| 0:15.2 | But with so many things happening in the world, we're deciding we're not going to be doing that. |
| 0:19.8 | So what we're going to be doing instead is I'm going to be doing a hybrid with this show and the 47 morning update. It's that show |
| 0:26.5 | that I do every morning that's about 10 to 12 minutes long, three biggest stories of the day coming |
| 0:31.3 | out of the White House or that affect the White House. So for the next few days, that is what |
| 0:36.5 | you're going to be hearing here. I just want to |
| 0:38.2 | make sure that you knew that on the front end. But first, right now, all of us, our help is needed |
| 0:45.0 | with the people that are under attack in Israel. We know that Israel is at war with Iran, a nation that |
| 0:50.9 | is vowed to wipe Israel and even the United States of America off the map. |
| 0:55.6 | In a necessary act of self-defense, Israel struck Iranian nuclear facilities, military targets, |
| 1:02.0 | and their top leadership. And right now, the International Fellowship of Christians and Jews |
| 1:06.9 | is on the ground, preparing large-scale distributions of life-saving food, first aid and |
| 1:13.5 | emergency kits, especially to Israel's most vulnerable people, the sick, the elderly, children, |
| 1:20.2 | and families that are in great need. The fellowship is also making sure that hospitals, |
| 1:25.8 | emergency rooms, and shelters are fully stocked with |
| 1:28.3 | critical and life-saving medical supplies. But the fellowship needs your most generous gift today |
| 1:35.3 | to make this work possible. If you want to stand with the people in Israel and you want |
| 1:41.3 | to bless them and support them as they are under attack, now is your time |
| 1:45.5 | to stand with those that are the most vulnerable in Israel. You can call them and give your donation |
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