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What Next - Trump’s Getting His Economy. Yikes.

Slate News

Slate Podcasts

News Commentary, Politics, News

4.56K Ratings

🗓️ 18 September 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

Donald Trump has been calling for the Fed to cut rates to bolster the economy, and yesterday, they announced they would. The bad news is that’s because the economy is going to need a lot more bolstering.

Guest:  Justin Wolfers, economist and professor at the University of Michigan

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Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.



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Transcript

Click on a timestamp to play from that location

0:00.0

This episode is presented by eBay.

0:03.7

Rob, everyone loves a deal and a bargain from time to time, don't they?

0:07.8

Absolutely, mate. And do you know where you can grab a great deal? Talk to me. Where?

0:11.9

The eBay app. Yes, you are correct. You didn't need to talk to me. I already knew it. I love eBay.

0:17.2

When you're buying, you can discover loads of hidden gems. There's so many items where you think I would have never found that anywhere else. Then when you're selling, it's so simple and most

0:25.9

importantly, free. It's free, Rob. When it's this easy to sell for free and there's great deals

0:31.6

on things you love. You can't help but say when it's eBay. It excludes vehicles and business

0:35.9

sellers.

0:39.0

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0:46.5

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0:50.1

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0:52.4

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0:55.2

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0:59.7

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1:02.2

Sign up for your $1 a month trial at Shopify.com slash setup.

1:21.1

There There are a couple of ways to look at what happened when the Federal Reserve's Board of Governors met in Washington this week.

1:29.2

One story goes like this. It was a clash of the Titans. For months, President Trump has been pressuring Fed Chair Jerome Powell to slash interest rates, which he said would supercharge the economy.

1:36.1

In the process, the president has threatened to fire Powell, along with another Fed governor,

1:41.4

he dislikes. Then, just hours before this week's meeting,

1:46.1

Congress confirmed a new governor, a White House economist.

1:50.4

Presumably, this guy showed up to make the president's case in person.

...

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