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Michael BarbaroColby SmithOlivia NattRachelle BonjaLisa ChowRowan NiemistoAlyssa Moxley


NextImg:President Trump, Jerome Powell, and Why Their Relationship Matters

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During an Oval Office meeting with congressional Republicans a few days ago, President Trump showed off the draft of a letter to fire Jerome H. Powell, the chair of the Federal Reserve.

It’s the latest chapter in a dysfunctional relationship that has major implications for the global economy.

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.


On today’s episode

Colby Smith, who covers the Federal Reserve and the U.S. economy for The Times.

ImagePresident Trump stands next to Jerome Powell. Both men are wearing dark suits and a lectern with the presidential seal can be seen nearby.
President Trump nominated Jerome H. Powell to chair the Federal Reserve in 2017.Credit...Tom Brenner/The New York Times

Background reading

There are a lot of ways to listen to ‘The Daily.’ Here’s how.

We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.


“The Daily” is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, M.J. Davis Lin, Dan Powell, Sydney Harper, Michael Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, Nina Feldman, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Sophia Lanman, Shannon M. Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Olivia Natt, Daniel Ramirez, Brendan Klinkenberg, Chris Haxel, Maria Byrne, Anna Foley and Caitlin O’Keefe.

Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Maddy Masiello, Isabella Anderson, Nina Lassam, Nick Pitman and Kathleen O’Brien.