Is It Too Late To End the Fed?

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This week, editors Katherine Mangu-Ward, Nick Gillespie, and Matt Welch are joined by Reason reporter Eric Boehm to break down Federal Reserve Chair Jerome Powell's signals of an upcoming interest rate cut and President Donald Trump's very public pressure campaign on the Fed. They discuss what a rate cut could mean for jobs, inflation, and investment, how tariffs are distorting basic economic signals, and why the Fed's growing politicization should worry anyone who values a functional economy. The conversation then turns to the administration's new trade deal with the European Union (E.U.), what it signals for tariffs, reciprocity, and the costs of everyday goods. They also field a question from a libertarian listener about former Rep. Rahm Emanuel's (D–Ill.) appeal as a presidential candidate before examining the FBI's raid on former National Security Adviser John Bolton's home, weighing whether it's a legitimate investigation into mishandled classified documents, or a case of political retribution. How can we make The Reason Roundtable better? Take our listener survey for a chance to win a $300 gift card: http://reason.com/podsurvey 0:00—The impact of the Fed rate cuts 12:21—E.U. trade deal, tariffs, and their revenue 21:04—Cracker Barrel and the state of conservative commentary 33:07—Listener question on a Rahm Emanuel for president 42:19—FBI raids the home of John Bolton 51:21—Trump's order on burning the U.S. flag 52:39—Weekly cultural recommendations Today's Sponsor: Therapy can feel like a big investment, but the state of your mind is just as important as your physical health. Let's talk numbers. Traditional in-person therapy can cost anywhere from $100 to $250 per session, which adds up fast, but with BetterHelp online therapy, you can save, on average, up to 50 percent per session. With BetterHelp, you pay a flat fee for weekly sessions, saving you big on cost and time. Therapy should feel accessible, not like a luxury. With online therapy, you get quality care at a price that makes sense and can help you with anything from anxiety to everyday stress. Your mental health is worth it—and now, it's within reach. With over 30,000 therapists, BetterHelp is the world's largest online therapy platform, having served over 5 million people globally. It's convenient, too. You can join a session with the click of a button, helping you fit therapy into your busy life. As the largest online therapy provider in the world, BetterHelp connects you with mental health professionals with a diverse variety of expertise—so you can find the right fit. Plus, switch therapists at any time. Your well-being is worth it. Visit betterhelp.com/roundtable today to get 10 percent off your first month. Subscribe at YouTube: http://youtube.com/reasontv Like us on Facebook: https://www.facebook.com/Reason.Magazine Follow us on Twitter: https://twitter.com/reason Visit the archive: https://reason.com/tags/reason-podcast

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