4.4 • 102.8K Ratings
🗓️ 27 August 2025
⏱️ 27 minutes
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| 0:00.0 | From the New York Times, I'm Michael Bobarrow. This is the Daily. |
| 0:13.4 | President Trump's decision to try to fire a member of the Federal Reserve's governing board |
| 0:18.4 | is his most audacious attack yet on the independence of the |
| 0:22.8 | country's central bank. Today, Ben Castleman, on the story of how Trump decided that the road |
| 0:31.1 | to taking over the Fed, ran through an economics professor named Lisa Cook. |
| 0:43.9 | It's Wednesday, August 27. |
| 0:53.5 | Thanks for doing this on short, relatively short notice. |
| 0:55.7 | We appreciate that. |
| 0:56.4 | Yeah, happy to do it. |
| 0:57.6 | I mean, it's never good news when I'm on when I'm on this show. |
| 1:01.9 | No, it's never a good news on you're on the show. |
| 1:04.5 | Ever. |
| 1:05.6 | Shall we get started, Ben? |
| 1:06.3 | Let's do it. |
| 1:06.9 | Okay. |
| 1:08.3 | Ben, just to start, tell us about the Federal Reserve governor now at the center of this political, economic, and we assume soon enough legal firestorm. |
| 1:22.1 | Lisa Cook is a really remarkable figure. I've spent quite a bit of time with her over the years studying her |
| 1:29.2 | career from before she joined the Fed Board of Governors before we started this whole |
| 1:35.3 | controversy that she's in the middle of now. And, you know, it starts in the 1960s in Georgia. |
| 1:44.1 | I was growing up in the desegregating South, and this was called a freedom of choice period, |
| 1:52.3 | so white parents could choose to go to a school or they started their own white flight schools. |
| 1:59.7 | And she tells a really powerful story, including in an interview with the International Monetary Fund |
... |
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