Trump’s Plan to Politicize the Fed

What Next | Daily News and Analysis

Slate

News, Daily News, News Commentary, Politics

4.6 • 2.3K Ratings

🗓️ 16 April 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Donald Trump has floated the idea of nominating former presidential candidate Herman Cain and conservative pundit Stephen Moore to policy seats on the Federal Reserve’s board. Would Cain and Moore alone swing interest rates? Probably not. But their appointments could erode non-partisan standards that make the Fed one of the most important economic institutions in the world. Guest: Jordan Weissmann, Slate’s senior business and economics correspondent. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	If there's one thing President Trump wants you to know, like really wants you to know,
0:10.0	it's that the economy is strong.
0:12.0	Since our election went, the stock market is up almost 50%.
0:20.4	You're looking like geniuses.
0:23.1	America is now booming.
0:26.4	Like never before, other countries are doing very poorly.
0:30.0	We've created, since my election, 5.5 million new jobs.
0:36.3	Nobody would have believed that was possible.
0:39.0	But there is just one tiny little problem.
0:42.4	The Federal Reserve has started to haunt Trump's enthusiasm.
0:46.4	It's as if he's getting a scapegoat ready.
0:48.8	Just in case the American economy hits the skids.
0:51.8	If the Fed had done its job, the stock market would be up 5,000 to 10,000 additional points.
0:57.3	Trump tweeted this weekend.
1:02.1	The Fed is one of those topics that I feel like I should know about and I do not.
1:06.5	That's kind of part of what I want to talk about.
1:08.5	Jordan Weisman writes about the Fed for Slate.
1:10.9	How Donald Trump is actually one of the best things to ever happen to Fed writers?
1:21.2	For a long time, the Federal Reserve has been the most important economic institution
1:26.8	possibly in the world.
1:28.6	And nobody gives a damn.
1:30.6	I typically people just do not care about the Fed.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Slate, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Slate and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.