Martin Wolf on Why Trump’s Economic Revolution Never Happened

So I think he thinks the job of the Federal Reserve, which is my bank, just as the government is my government, is to make sure borrowing, which is part of what he's done in with his fiscal policy, he's he's got a massively uh expansionary uh um uh uh fiscal policy. I control the bank. I can can force people to uh to lend to me cheaply. So why am I not doing it? Why why is this person stopping from me from to doing this?

And now the good fight with Yasha Monk. I am really confused about the state of the world economy. You have seen A set of policies that seem to be really damaging to the United States and to the world taken by Donald Trump over the course of the last year. Sky-high tariffs, the announcement of an investigation into Jerome Powell, the chairman of a Federal Reserve, and at the same time,

The US economy seems to be humming along quite nicely. Stock markets are near record valuations. So to help me understand what is going on with that, I invited perhaps the most prominent economic commentator writing today, Martin Wolfe, the chief economic commentator for the Financial Times. We talked about the ways in which Trump has and has not transformed the world economy over the last years.

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