Trump vs. Fed

The Situation Room with Wolf Blitzer

CNN

News

3.6 • 857 Ratings

🗓️ 17 April 2025

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

"His termination can't come fast enough." That's President Trump on Fed Chair Jerome Powell after the latter didn't lower interest rates. But Powell plans to remain at his post until his appointment expires in May 2026. Plus: New reporting reveals major cuts to the Department of Health and Human Services, including the CDC and NIH. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I'm making a robot head with an Amazon box.
0:03.0	I've painted it silver and Daddy helped me make it.
0:05.0	At Amazon, we're actually using paper bags for more of our deliveries.
0:09.0	And now I'm making a paper hot air balloon and I even made a little brown basket
0:13.0	and I'm making a dog that looks just like Monty.
0:16.0	Just one of the ways we've reduced the weight of our packaging by more than 40% since 2015,
0:20.0	which is still good for playtime.
0:22.6	Mom, where's the scissors?
0:24.6	To learn more, visit aboutamason.co.com.
0:28.6	Upward slash sustainability.
0:29.6	Happening now, breaking news, the Dow down more than 400 points.
0:35.6	The precursor, a feud between the President and Fed
0:39.7	Chair, the demand, lower interest rates, the consequence, quote, your termination can't come
0:45.8	fast enough. And billions in cuts, new reporting just out revealing major cuts to the Department
0:52.4	of Health and Human Services, federal spending
0:55.1	slashed for the Centers for Disease Control and NIH, the National Institute of Health. How deep
1:00.8	the cuts will go straight ahead. Welcome to our viewers here in the United States and around
1:05.8	the world. I'm Wolf Blitzer with Pamela Brown, and you're in the Situation Room.
1:21.0	This is CNN Breaking News.
1:24.5	And we start with the breaking news, new worries on Wall Street right now.
1:29.8	Rattled investors take stock of a stark new warning from the chairman of the Federal Reserve. Jerome Powell says President Trump's unpredictable economic policies could inflict
1:35.8	lasting damage on your wallet. This morning, the president fires right back on Truth Social,
	...

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