Why Trump's attack on the Fed affects us all

Why Trump's attack on the Fed affects us all

Author: The Times August 28, 2025 Duration: 37:50

President Trump announced on Truth Social this week that he had fired Federal Reserve board member Lisa Cook. While most people had no idea who she was, her sacking could have a massive impact. The move is seen as part of the continued politicisation of the Fed, the US’s independent central bank and some economists fear it could be the start of a journey towards economic meltdown in America with global repercussions. 

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Guest: Mehreen Khan,  Economics Editor, The Times.

Host:  Manveen Rana.

Producer: Shabnam Grewal.

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Clips: CNN, Bloomberg, The Legal Defence Fund.

Photo: Getty Images.

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Each morning, The Story arrives with a clear purpose: to move beyond the headlines and explore the forces and people shaping our world. Guided by the experienced reporting of Manveen Rana and Luke Jones, this daily podcast from The Times delves into the most significant political developments and news events with a level of depth and context that only their global network of journalists can provide. You’ll hear more than just summaries; you’ll get a nuanced understanding of why a story matters, who it impacts, and what might happen next. The analysis is sharp and the storytelling is compelling, designed to fit into your morning routine seven days a week. It’s a direct line to the frontline reporting and editorial expertise of one of the world’s most respected news organizations. This consistent, in-depth approach makes the podcast a reliable resource for anyone looking to truly comprehend the day’s events. Supported by readers of The Times and The Sunday Times, the production maintains a commitment to journalistic integrity and thorough exploration, ensuring every episode provides substance and clarity.
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