What are the long-term implications of Donald Trump's attacks on Federal Reserve Chair Jerome Powell? Host Stephanie Flanders is joined by Krishna Guha, vice chairman of Evercore ISI and head of its Global Policy and Central Bank Strategy Team, and Bloomberg managing editor Kate Davidson. 

“Up to this point, the market has confidence that the Fed will do whatever turns out to be necessary to prevent this initial, very big wave of one-time tariff inflation,” Guha says. “But that’s premised on the idea the Fed is free to do what it judges as needed.” As bad as Trump’s trade war has been for markets, Guha warns that if Wall Street begins to doubt Fed independence, things could get much worse.

What are the long-term implications of Donald Trump's attacks on Federal Reserve Chair Jerome Powell? Host Stephanie Flanders is joined by Krishna Guha, vice chairman of Evercore ISI and head of its Global Policy and Central Bank Strategy Team, and Bloomberg managing editor Kate Davidson.&nbsp;
&ldquo;Up to this point, the market has confidence that the Fed will do whatever turns out to be necessary to prevent this initial, very big wave of one-time tariff inflation,&rdquo; Guha says. &ldquo;But that&rsquo;s premised on the idea the Fed is free to do what it judges as needed.&rdquo; As bad as Trump&rsquo;s trade war has been for markets, Guha warns that if Wall Street begins to doubt Fed independence, things could get much worse.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

Trump May Not Be Done With Powell Yet

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/dc9f9310-41e6-4c17-8b66-b2c8010dbdd3/transcript