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What Next | Fed Up!

Slate News

Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 23 April 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

Why Trump wants to ouster his own appointee, Jerome Powell, from the Fed chair—and why the rest of the world is rooting for Powell to stay put. Guest: Liz Hoffman, Semafor’s business and finance editor, host of Semafor’s World Economy Summit, and author of Crash Landing: The Inside Story of How the World’s Biggest Companies Survived an Economy on the Brink. Want more What Next? Join Slate Plus to unlock full, ad-free access to What Next and all your  other favorite Slate podcasts. You can subscribe directly from the What Next show page on Apple Podcasts and Spotify. Or, visit slate.com/whatnextplus to get access wherever you listen. Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, Ethan Oberman, and Rob Gunther. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Amazon offers employees up to ÂŁ8,000 for education and training, like Juliet.

0:07.0

She's now a trained technician.

0:10.0

And to her, the sound of machinery in need of repair, reminds her of how far she's come.

0:18.0

In two years, she's landed her dream job, providing her with valuable skills.

0:24.2

That's up to ÂŁ8,000 for education and training at Amazon.

0:28.4

Eligibility conditions apply.

0:30.2

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0:34.9

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0:38.9

with easy customizable themes that let you build your brand, marketing tools that get your

0:43.7

products out there. Integrated shipping solutions that actually save you time, from startups to

0:48.6

scale ups, online, in person and on the go. Shopify is made for entrepreneurs like you.

0:58.7

Sign up for your $1 a month trial at Shopify.com slash setup.

1:13.2

Liz, if you were chair of the Federal Reserve Jerome Powell right now, would you be worried about your job?

1:20.7

I would be screaming into a pillow if I were Jerome Powell right now.

1:25.4

Liz Hoffman is Semaphore's business and finance editor.

1:29.3

She says Jerome Powell should be screaming into a pillow because his handiwork is being ripped apart with tremendous speed. After the pandemic, he was

1:36.8

tasked with figuring out how to get the country's finances back on track. A lot of people

1:42.6

doubted he could.

1:45.9

He proved them wrong.

1:49.0

The consensus was that he had done it,

1:52.1

that he had sort of pulled off the rare feet of cooling the economy in a responsible, sustainable way.

1:59.1

Without triggering unemployment.

...

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