In recent weeks, President Donald Trump has escalated his criticisms of Federal Reserve Chair Jerome Powell over Powell’s decision to maintain interest rates at current levels. The comments follow reports that Trump is considering removing Powell from his position, and Treasury Secretary Scott Bessent said that the administration has begun vetting replacement candidates. Separately, on Tuesday, the Bureau of Labor Statistics (BLS) released its monthly Consumer Price Index (CPI) report, which showed prices rising faster than in May. The report added to existing concerns from economists and lawmakers that President Trump’s tariffs would be inflationary, a possibility that Powell has cited as his rationale for holding off on cutting the Fed’s interest rate.

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Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.

This podcast was written by: Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.

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On Monday, President Donald Trump announced two measures aimed at pressuring Russia to negotiate an end to the war in Ukraine. First, Trump said Russia would face tariffs “at about 100%” if it did not agree to a peace deal in the next 50 days, adding that he would impose secondary sanctions on countries that buy Russian oil, such as China, India, Brazil, and Turkey. Second, he outlined a plan for countries in the North Atlantic Treaty Organization (NATO) to purchase weapons from the United States and then transfer them to Ukraine. The announcement follows recently heightened criticism from President Trump towards Russian President Vladimir Putin over his purported unwillingness to end the war.

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Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.

This podcast was written by: Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.

Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Hunter Casperson, Kendall White, Bailey Saul, and Audrey Moorehead.

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On Thursday, federal immigration authorities said they arrested 319 people suspected of being in the country illegally in raids carried out by Immigration and Customs Enforcement (ICE) and Customs and Border Protection at two licensed cannabis farms in California. Law enforcement officers also found 10 children in the country illegally during the raids and arrested four United States citizens for allegedly assaulting or resisting officers, according to the Department of Homeland Security. Separately, a farmworker reportedly died after falling off the roof of a greenhouse at one of the farms. The immigration sweeps are believed to be the second-largest single-state ICE worksite operation in history.

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Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.

This podcast was written by: Isaac Saul and edited and engineered by Dewey Thomas. Music for the podcast was produced by Diet 75.

Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Hunter Casperson, Kendall White, Bailey Saul, and Audrey Moorehead.

Hosted on Acast. See acast.com/privacy for more information.