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Fed Under Fire
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About this episode
Economist Mike Konczal joins the show to unpack the escalating pressure campaign against the Federal Reserve, new inflation data, and what all of this means for the U.S. economy. Jacob and Mike discuss whether Trump’s confrontation with Jerome Powell is genuinely dangerous, how tariffs and immigration policy are shaping prices and growth, and why the labor market looks weaker beneath the surface. Mike is more cautiously optimistic than we expected - but the downside risks remain real. -- Timestamps: (01:26) - Fed and Executive Branch Dynamics (05:49) - Economic Consequences and Market Reactions (09:03) - Global Perspective on US Economic Policies (14:09) - Impact of Tariffs and Trade…