Why Earning More Isn’t Saving Some American Families From Poverty

单集文稿 ...

• 00:02

  How an unexpected resignation offers President Trump an opportunity that could reshape the Fed.

• 00:09

  Plus, why many American working families are struggling to stay out of poverty.

• 00:14

  You had this confluence of factors subsequent to us coming out of the pandemic,

• 00:18

  that being the end to these temporary assistance programs.

• 00:22

  coupled with inflation and rising housing costs that have created this storm of economic factors that are pushing people to the edge.

• 00:30

  And a House committee subpoenas the Justice Department for records of its investigation into Jeffrey Epstein.

• 00:36

  It's Tuesday, August 5th.

• 00:38

  I'm Alex Osola for The Wall Street Journal.

• 00:40

  This is the PM edition of What's News,

• 00:43

  the top headlines and business stories that move the world today.

• 00:48

  President Trump has ruled out tapping Treasury Secretary Scott Besant as chairman of the Federal Reserve.

• 00:54

  During an interview with CNBC, the president said that Besant wants to stay where he is,

• 00:58

  adding that he would take him off the shortlist of candidates to succeed Fed Chair Jerome Powell when his term ends next year.

• 01:04

  And though Trump said he didn't plan to make his decision about who will replace Powell anytime soon,

• 01:09

  he does have an unexpected opportunity,

• 01:11

  a vacancy to fill on the Fed's board, after Adriana Kugler, a Biden appointee,

• 01:16

  said last week she would resign from the Central Bank's Board of Governors this Friday.

• 01:20

  For more on this, I'm joined by WSJ Chief Economics Correspondent Nick Timorose.

• 01:24

  So Nick, we have this resignation coming.

• 01:27

  What does this mean, really?

• 全部文稿