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The Daily Blast: Trump Hit by Harsh Blow from Fed Chair as Polls Reveal Fresh Weakness

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Manage episode 497527949 series 1997462
Content provided by Chris Cotnoir and The DSR Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Cotnoir and The DSR Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

President Donald Trump has been raging at Federal Reserve chairman Jerome Powell for weeks, demanding that he cut interest rates. But on Wednesday, the Fed declined—and worse for Trump, Powell delivered a blunt assessment of his tariffs, claiming they are “pushing up prices,” and that “near-term measures of inflation expectations have moved up.” Given that this comes right when more of Trump’s tariffs are set to take effect on August 1, and given that Powell is directly defying Trump’s fury, that amounts to a harsh blow for the president. Indeed, Trump is also venting his fury at various GOP senators for not doing his bidding. On top of all that, two new polls show his approval rating down to an abysmal 40 percent, with one finding his approval on the economy even lower. We talked to MSNBC.com columnist James Downie, author of a new piece on Democrats and the midterm elections. We discuss why Trump is weaker politically than he looks, why various dynamics look poised to make that worse, and why it’s high time for Democrats to start acting like it.

Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2670 episodes

Artwork
iconShare
 
Manage episode 497527949 series 1997462
Content provided by Chris Cotnoir and The DSR Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Cotnoir and The DSR Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

President Donald Trump has been raging at Federal Reserve chairman Jerome Powell for weeks, demanding that he cut interest rates. But on Wednesday, the Fed declined—and worse for Trump, Powell delivered a blunt assessment of his tariffs, claiming they are “pushing up prices,” and that “near-term measures of inflation expectations have moved up.” Given that this comes right when more of Trump’s tariffs are set to take effect on August 1, and given that Powell is directly defying Trump’s fury, that amounts to a harsh blow for the president. Indeed, Trump is also venting his fury at various GOP senators for not doing his bidding. On top of all that, two new polls show his approval rating down to an abysmal 40 percent, with one finding his approval on the economy even lower. We talked to MSNBC.com columnist James Downie, author of a new piece on Democrats and the midterm elections. We discuss why Trump is weaker politically than he looks, why various dynamics look poised to make that worse, and why it’s high time for Democrats to start acting like it.

Looking for More from the DSR Network? Click Here: https://linktr.ee/deepstateradio

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2670 episodes

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