Late Monday, President Trump announced plans to remove Lisa Cook from the Federal Reserve Board of Governors over unproven allegations of mortgage fraud. The move is part of his months-long effort to reshape the central bank and pressure it to lower interest rates. But meddling with the Fed's independence could backfire. On today's show, we look at the implications of political interference at the Fed, from the bond market to the U.S. and global economies. Plus, how FEMA's elimination of hazard mitigation programs will affect the country.
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For over two weeks, members of the National Guard have been walking the streets of Washington, D.C. -- alongside federal law enforcement and local police.
President Trump has said there is a “crime emergency” in the nation’s capital -- and has openly hinted at taking similar actions in other Democratic-led cities like Chicago, New York and Baltimore.
But while the president has unique authorities over the District of Columbia, federalizing the National Guard in U.S. states will require a higher legal standard.
Georgetown University law professor Steve Vladeck breaks it down.
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This episode was produced by Brianna Scott. It was edited by Patrick Jarenwattananon. It features additional reporting by Frank Langfitt. Our executive producer is Sami Yenigun.
A US central bank governor, Lisa Cook, has launched legal proceedings to try to thwart President Trump's attempt to fire her. We get the latest on Trump's attempt to keep the bank to heel, and speak to a former senior economist at the Fed, Kenneth Rogoff.
Also in the programme, the Israeli military reveals results of an initial probe into yesterday's attack on a Gaza hospital, which killed 20 people including well-known journalists. And American pop superstar Taylor Swift announces her engagement to her partner Travis Kelce.
(Photo: President Trump in the White House on August 25, 2025. Credit: REUTERS/Jonathan Ernst)
President Trump has made clear he’s interested in ending the war Russia has waged on Ukraine. After a flurry of diplomatic meetings with Russian President Vladimir Putin, Ukrainian President Volodymyr Zelenskyy and a variety of European leaders, is the prospect of peace near? We hear from NPR’s correspondent in Moscow and a national security correspondent from the New York Times on whether progress has been made.
India’s growing population, economic strength, and position as an English-speaking counterweight to China should make it a perfect partner for America.
So, why isn’t it?
On today’s episode of “Victor Davis Hanson: In His Own Words,” Hanson explains how trade disputes, tariffs, and India’s continued purchases of Russian oil have strained ties. Instead of strengthening bonds with America, Indian Prime Minister Narendra Modi is moving closer to both Russia and China.
“It should be a very profitable relationship, especially for India to have all of its citizens free to come to the United States. And millions apparently do and they get billions of dollars in remittances. They run a trade surplus with us. And we have a lot of commonalities as English-speaking democracies. But we're not. And so, why aren't we? One of the greatest problems is Donald Trump slapped a tariff. And he said, ‘India's tariffs are too high.’ And they replied, ‘Well, if you look at services and the other intangibles that I mentioned, maybe it's not that bad. And we're working on it.’ But Trump really did put high tariffs on India.”
👉He’s also the host of “The Victor Davis Hanson Show,” available wherever you prefer to watch or listen. Links to the show and exclusive content are available on his website: https://victorhanson.com
The Federal Reserve defends governor Lisa Cook after President Trump said he would fire her. Plus: Trump Media gets a crypto boost. And EchoStar’s stock surges after a spectrum license sale to AT&T. Katherine Sullivan hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
P.M. Edition for Aug. 26. Big food companies were already reeling from shifting consumer preferences. Now, the Trump administration’s “Make America Healthy Again” agenda has further shaken them. Jesse Newman, who covers food for the WSJ, describes what kinds of pressures these companies are under, and how they are responding. Plus, corn farmers in the U.S. Midwest are preparing to harvest what may be a record-sized crop this year. But as reporter Kirk Maltais discusses, that may not be the good news that it seems. And Illinois Democratic Gov. JB Pritzker has pushed back against President Trump’s plan to send federal troops to Chicago. We hear from Chicago-based national affairs reporter Joe Barrett about what’s going on in the city. Alex Ossola hosts.
After months of demands for lower interest rates, President Donald Trump is attempting to fire Federal Reserve governor Lisa Cook in the most dramatic step yet in his efforts to take control of the independent central bank. As WSJ’s Matt Grossman explains, the move could allow Trump to alter the makeup of the board enough to potentially outvote Fed Chair Jerome Powell and recast the Fed in his image. Jessica Mendoza hosts.
Lower interest rates are more than a macro headline - for some businesses, what the Federal Reserve decides to do plays an integral role for both management and investors.
Today on Motley Fool Money, analysts Emily Flippen, Jason Hall, and David Meier debate the stocks most likely to be impacted after Federal Reserve Chair Jerome Powell’s speech at Jackson Hole
Companies discussed: WD, RKT, GRBK, O, PYPL, ABNB, PAYC, TSLA
Host: Emily Flippen, Jason Hall, David Meier
Producer: Anand Chokkavelu
Engineer: Bart Shannon
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Plus: Trump’s media company launches a new business to buy and hold niche crypto coin CRO. And new research shows AI is limiting some young Americans’ job prospects. Julie Chang hosts.
