Trump’s efforts to control the Fed may jeopardize new chair’s confirmation

单集文稿 ...

• 00:03

  Hey there, it's the NPR Politics Podcast for Monday, February 2nd, 2026.

• 00:09

  I'm Tamara Keith.

• 00:10

  I cover the White House.

• 00:11

  I'm Frank Ordonez.

• 00:12

  I also cover the White House.

• 00:13

  And NPR's Chief Economics Correspondent, Scott Horsley, is also here.

• 00:17

  Welcome back, Scott.

• 00:18

  Great to be with you all.

• 00:19

  Yeah, and we are recording this podcast at 104 p.m.

• 00:23

  Eastern Time.

• 00:24

  Today on the show,

• 00:25

  President Trump has named his choice to replace Jerome Powell as chair of the Federal Reserve.

• 00:32

  What do you need to know about his pick,

• 00:33

  Kevin Warsh, and what stands between him and Senate confirmation?

• 00:37

  But, Scott, before we get into Warsh, let's do a little Federal Reserve 101, if you will.

• 00:43

  Remind us what the Fed actually does.

• 00:46

  Yeah,

• 00:47

  the Federal Reserve was set up by Congress more than a century ago after a series of bank panics.

• 00:53

  It was set up to sort of be the lender of last resort.

• 00:56

  It has some regulatory functions overseeing banks in the country.

• 全部文稿