Independence Jay? Inflation and attacks on the Fed

About this episode

<p>More inflation numbers, more jabs by President Donald Trump at Jay Powell, the Federal Reserve chairman. We ask what the Fed is doing, should be doing and is being <a href="https://www.economist.com/finance-and-economics/2026/01/12/jerome-powell-says-donald-trump-has-launched-a-criminal-investigation-against-the-fed?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">pressured to do</a>. Six years after the official Brexit divorce, we <a href="https://www.economist.com/britain/2025/12/30/brexit-has-deepened-the-british-economys-flaws-and-dulled-its-strengths?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">count the costs</a> and ask what making-up is now possible. And how <a href="https://www.economist.com/culture/2025/12/30/what-self-help-books-tell-us-about-ourselves?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">self-help books</a> reveal the anxieties of their times.</p><br><p><em>Get a world of insights by </em><a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank"><em>subscribing to Economist Podcasts+</em></a><em>. For more information about how to access Economist Podcasts+, please visit our </em><a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank"><em>FAQs page</em></a><em> or watch </em><a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank"><em>our video</em></a><em> explaining how to link your account.</em></p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>