<description>&lt;p&gt;Less than two days after Donald Trump won a second term, the Federal Reserve announced a rate cut. But speaking to reporters, Fed’s Powell faced difficult questions about the path forward for interest rates — and for him — under Trump.&lt;/p&gt; &lt;p&gt;Bloomberg economic policy editor Kate Davidson joins host Saleha Mohsin to discuss how Powell’s answers today set up for a rematch between him and Trump over the Fed’s mission and independence. &lt;/p&gt; &lt;p&gt;Read more: &lt;a href="https://www.bloomberg.com/news/articles/2024-11-06/trump-victory-raises-big-uncertainties-for-the-federal-reserve?itm_source=record&amp;amp;itm_campaign=Fed_Meeting&amp;amp;itm_content=Trump%27s_Influence-3"&gt;Trump’s Victory Casts a Shadow Over the Federal Reserve&lt;/a&gt;&lt;/p&gt; &lt;p&gt;Become a &lt;a href="http://bloomberg.com/"&gt;Bloomberg.com&lt;/a&gt; subscriber using our special intro offer at &lt;a href="https://www.bloomberg.com/subscriptions/podcasts?utm_campaign=BigTakeDaily&amp;amp;utm_medium=referral&amp;amp;utm_source=Podcast"&gt;bloomberg.com/podcastoffer&lt;/a&gt;. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.&lt;/p&gt;&lt;p&gt;See &lt;a href="https://omnystudio.com/listener"&gt;omnystudio.com/listener&lt;/a&gt; for privacy information.&lt;/p&gt;</description>

Big Take DC

Bloomberg and iHeartPodcasts

The Federal Reserve Sets Up for Rematch With Trump

NOV 7, 202414 MIN
Big Take DC

The Federal Reserve Sets Up for Rematch With Trump

NOV 7, 202414 MIN

Description

Less than two days after Donald Trump won a second term, the Federal Reserve announced a rate cut. But speaking to reporters, Fed’s Powell faced difficult questions about the path forward for interest rates — and for him — under Trump.

Bloomberg economic policy editor Kate Davidson joins host Saleha Mohsin to discuss how Powell’s answers today set up for a rematch between him and Trump over the Fed’s mission and independence. 

Read more: Trump’s Victory Casts a Shadow Over the Federal Reserve

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world.

See omnystudio.com/listener for privacy information.