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Marketplace All-in-One

The Fed’s next moves could be a tightrope walk

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 28 March 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

The current economic landscape, marked by tariffs and other policy-driven uncertainty, could be a particularly difficult one for Fed decision-makers to navigate in the next few months. We chat with Susan Schmidt, Portfolio Manager at Exchange Capital Resources, about the latest inflation data and what it means. Plus, federal worker unions are pushing back against the Trump administration’s rollback of collective bargaining rights for government employees. And, the BBC’s Sam Gruet reports on how Canadian businesses are reconsidering their partnerships with U.S. businesses amid tensions between the two countries.

Transcript

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0:00.0

The president wants federal employees out of labor unions. I'm David Brancaccio in Los Angeles. President Trump has signed an executive order limiting unions at a list of federal agencies and ends collective bargaining at those agencies. Unions are pushing back. Marketplaces Nancy Marshall Ginsburg has that.

0:20.0

The executive order appears to cover most federal agencies, including the Departments of Defense,

0:25.9

Veterans Affairs, State, Justice, and Treasury, and parts of other agencies, including

0:31.4

agriculture, health and human services, and interior. Unions for workers at those agencies

0:36.6

will no longer be able to negotiate on things

0:39.1

like working conditions. The Trump administration cites national security as a rationale for the move,

0:44.8

but the executive order doesn't cover, for example, U.S. Customs and Border Protection.

0:49.9

Its Workers Union endorsed President Trump. The American Federation of Government Employees Union says it's, quote,

0:56.2

preparing immediate legal action to fight the executive order.

1:00.1

The AFL-CIO says the order is punishment for unions already fighting the administration in court.

1:06.5

I'm Nancy Marshall Genser for Marketplace.

1:09.6

A workplace safety and culture story of the week, lawmakers in Florida have advanced a bill to loosen child labor laws in the state.

1:17.2

It would allow all 16 and 17-year-olds, along with some 14 and 15-year-olds, to work full-time, including on school days and on overnight shifts.

1:25.7

Marketplace's Samantha Fields has more.

1:28.3

Kids can work in Florida now if they're at least 14.

1:31.5

But Robert Latham at the University of Miami says there are restrictions

1:35.0

on how many hours a day and a week they can work when school's in session.

1:39.4

We also limit the time that they can work,

1:41.7

capping it off at 11 o'clock at school night.

1:44.0

This bill would lift many of those limits.

1:46.6

Florida has a shortage of workers,

1:48.4

and Governor Ron DeSantis has said teenagers could fill some of that gap

...

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