What does Donald Trump’s attempt to sack Lisa Cook, a Federal Reserve governor, mean for the institution’s independence? Uruguay may soon legalise assisted dying. And why shooting clubs – and other community associations – are thriving in Germany.
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:
Mr. Trump’s move to fire Ms. Cook is a legally dubious maneuver that could undermine the independence of the nation’s central bank.
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.
In a dramatic confrontation, a member of the Federal Reserve Board of Governors disputes President Trump’s authority to fire her. Drugmaker Eli Lilly claims a GLP-1 is on track for FDA approval after a successful trial. And while Indiana Republicans consider a new congressional map, a judge tells Utah to examine their current one.
Bitcoin transaction fees have collapsed to near-zero levels despite BTC hitting new highs. Will Owens from Galaxy Digital breaks down the data showing "free blocks" and what this means for miners and the network's long-term sustainability.
Will Owens from Galaxy Digital joins us to talk about Bitcoin's shocking transaction fee collapse. Despite BTC ripping to new all-time highs, fees have fallen to historic lows with "free blocks" becoming common. We dive deep into the data showing how custodial adoption and speculative activity moving to other chains is creating a miner revenue crisis.
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**NOTES:**
• Bitcoin fees at all-time lows despite $120K price
• "Free blocks" with 1 sat/vB fees now common
• Miners losing 15-20% potential revenue from fees
• 1.5M Bitcoin vulnerable to quantum attacks
• Hash price hit $35/TH all-time low recently
• Coinbase custodies over 1 million Bitcoin
Timestamps:
00:00 Start
01:05 Are fees important?
09:09 Free Block
10:37 Do miners care?
13:24 OP_RETURN
18:38 OP_RETURN & Bitcoin Core
21:34 Wallet type
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ICE now has the biggest budget of any law enforcement agency in America.
“ICE and Customs and Border Protection have long been the most rogue, kind of renegade and certainly pro-Trump police agencies in the federal government,” explained Radley Balko, a journalist who’s covered policing for decades. “What I think we are seeing right now is Trump is attempting to build his own paramilitary force. They want people whose first, ultimate loyalty in this job is going to be to the president.”
Balko is the author of “Rise of the Warrior Cop: The Militarization of America’s Police Forces.” And he’s been tracking the changes at ICE and the Trump administration’s escalating law-and-order tactics on his excellent newsletter, The Watch.
This episode of “The Ezra Klein Show” was produced by Jack McCordick. Fact-checking by Will Peischel. Our senior engineer is Jeff Geld. Mixing by Isaac Jones. Our executive producer is Claire Gordon. The show’s production team also includes Marie Cascione, Annie Galvin, Michelle Harris, Rollin Hu, Elias Isquith, Kristin Lin, Aman Sahota, Marina King and Jan Kobal. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The director of New York Times Opinion Audio is Annie-Rose Strasser.
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.
President Trump’s 7th cabinet meeting brings a bevy of updates from Russia to the Fed.
Democrats and Legacy Media officials claim Trump’s crime policies, economic policies, and every other kind of policies are built on hating black people, leading to a potential midterm crisis.
Starting in the late 1970s and lasting for seventeen years, a series of bombings terrorized the American public.
Primarily targeting technology companies and universities, these attacks befuddled law enforcement officials for almost two decades. The bomber became one of the most wanted criminals in the history of American law enforcement.
When he was finally caught, the perpetrator wasn’t quite who anyone expected.
Learn about the Unabomber, Ted Kaczynski, and his reign of terror on this episode of Everything Everywhere Daily.
On today’s episode, host Candice Lim tells Kate Lindsay about two recent BookTok conventions that went off the rails. While the first convention become known as the “Fyre Fest” of BookTok, the other faced troubling allegations of sexual assault against an employee. Is BookTok or social media to blame for how often attempts to bring a fandom together end up shattering the community apart?
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This podcast is produced by Daisy Rosario, Vic Whitley-Berry, Candice Lim, and Kate Lindsay.
