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The Daily - Trump’s Takeover of the Fed
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Trump’s Takeover of the Fed

The Daily

08/27/25

27m

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President Trump’s decision to try to fire a member of the Federal Reserve’s governing board is his most audacious attack yet on the independence of the central bank.

Ben Casselman, chief economics correspondent for The New York Times, discusses why Mr. Trump’s route to controlling the Fed passes through the governor, an economics professor named Lisa Cook.

Guest: Ben Casselman, the chief economics correspondent for The New York Times.

Background reading:

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Photo: Drew Angerer/Getty Images

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

Previous Episode

Seemingly overnight, Americans have become obsessed with pumping as much protein as possible into every drink, snack and meal.

Elizabeth Dunn, a writer and contributor to The Times, explains the origins of this latest nutrition craze.

Guest: Elizabeth Dunn, a writer and contributor to The New York Times.

Background reading:

  • The David bar, basically a protein Scud missile wrapped in gold foil, has had breakout success. But can the trend last?
  • Read a fact-check about some of the big claims made about protein.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Photo: David Chow for The New York Times

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

Next Episode

A curious news story emerged in New York last week. It involved the mayor’s race, a reporter from the news outlet The City and a bag of chips.

Michael Forsythe, a reporter on the investigations team at The New York Times, explains how the episode fits into a larger story about how China has been attempting to influence American politics.

Guest: Michael Forsythe, a reporter on the investigations team at The New York Times.

Background reading:

  • In the past few years, community organizations have quietly foiled the careers of politicians who opposed China’s authoritarian government.
  • Times reporters witnessed supporters of the New York mayor, Eric Adams, handing out cash-filled envelopes. Sometimes, that money went to reporters from Chinese-language outlets.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Photo: Shuran Huang for The New York Times

Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

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