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.
Some rando far-right social media suck-up, who Trump rewarded with an appointment to his administration, is pushing mortgage fraud investigations of Adam Schiff, Tish James, and now Fed governor Lisa Cook. Trump claims he's fired Cook based on a tweet—but will any institution stand up to these McCarthy-like campaigns against his political foes? Meanwhile, Bolton is being investigated because he went on TV and called out Trump's lies about his embarrassing Alaska summit. Plus, the administration is abusing official resources by having Guard troops just stand around in D.C., Putin wants to devour Ukraine by any means necessary, and we are finding out what it's like to have a live-streaming presidency. Susan Glasser joins Tim Miller.
Illinois has been a leader in the data center boom, with more than 220 across the state. However, those centers use up tons of water, often from the same sources that local communities rely on for drinking water. Advocates that work to protect the Great Lakes (and local drinking water) are raising the alarm on the burden this could put on Illinois municipalities in the short and long term. Reset gets the details from Jen Walling, executive director, Illinois Environmental Council; and Joel Brammeier, president, Alliance for the Great Lakes.
For a full archive of Reset interviews, head over to wbez.org/reset.
As anyone who's worked in a kitchen or the hospitality industry can readily attest, there's an entirely different world behind the doors of every kitchen, a world that most diners and restaurant patrons never see. Join the guys as they sit down with world famous chefs Hugh Acheson and Richard Blais to learn more about what really happens behind the scenes in restaurants and cooking shows, as well as how the industry has been been affected by the coronavirus pandemic.
On this episode of The Federalist Radio Hour, Charles Camosy, professor of moral theology and bioethics at the Catholic University of America, joins Federalist Senior Elections Correspondent Matt Kittle to discuss a rise in physician-assisted killing and share what it means to live and die well while resisting "eugenic death culture."
You can find Camosy's book Living and Dying Well: A Catholic Plan for Resisting Physician-Assisted Killing here.
If you care about combating the corrupt media that continue to inflict devastating damage, please give a gift to help The Federalist do the real journalism America needs.
Plus: American consumers’ confidence edges slightly lower in August. Norway's sovereign-wealth fund divests from Caterpillar over Israel’s bulldozer use in Gaza. Pierre Bienaimé 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.
Donald Trump has sacked a Federal Reserve governor for alleged mortgage fraud, as he steps up attempts to exert control over the US central bank. In a statement, Mr Trump accused Lisa Cook of gross negligence. He has said he will only appoint governors who support his position.
Also in the programme: The head of a Malagasy king killed by French troops during a colonial-era war has been formally returned to Madagascar; Australia has accused Iran of directing antisemitic attacks in Melbourne and Sydney, and is expelling Tehran's ambassador; and the fight in Florida over Alligator Alcatraz.
(Photo: Cook is one of seven members of the Fed's board of governors and the first African American woman to serve in the role Credit: Reuters)
