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Chicago Fed president on Trump's trade war

Season 2025 Episode 107 | 7m 40s

President Trump took aim at Jerome Powell, calling interest rates cuts and saying the Fed Chair's termination “cannot come fast enough.” It comes as his administration's tariffs continue to cause global fallout. The International Monetary Fund warns it expects slower economic growth and higher inflation. Amna Nawaz discussed more with Austan Goolsbee of the Federal Reserve Bank of Chicago.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
Extras
July 3, 2026 - PBS News Hour full episode
Lured by Russia, African soldiers end up on deadly front lines of Ukraine war
The growing dangers of record heat waves like the one engulfing July 4th celebrations
One year since deadly flood at Camp Mystic, parents push for better safety standards
Why George Washington believed in the strength of differing viewpoints
Brooks and Capehart on whether the Supreme Court has stood up to Trump
News Wrap: Iran begins funeral ceremonies for late Supreme Leader Khamenei
How climate change and rising seas endanger historic sites like Jamestown, Virginia
How legal battles across the country could complicate the midterms
Haberman and Swan on 'Regime Change,' their book on Trump's unconstrained 2nd term