Tug of Warsh: will the new chair politicise the Fed?

鹰派执掌美联储

The Intelligence from The Economist

2026-02-03

19 分钟
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After months of speculation, Donald Trump has picked Kevin Warsh to run the Federal Reserve. Our correspondent explains what this means for America–and the world economy.  What matters more in Thailand’s election: the will of the people or the power of the monarchy? And why Hong Kong’s humble tram network could help keep tourism on track. Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+ For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.  Hosted on Acast. See acast.com/privacy for more information.
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  • The Economist.

  • Hello and welcome to the Intelligence from the Economist.

  • I'm your host Rosie Blau.

  • Every weekday we provide a fresh perspective on the events shaping your world.

  • Thailand holds an election this weekend and there is all to play for.

  • But since the country's monarchy dominates politics and the economy,

  • the people's will is only one part of the picture.

  • Our correspondent explains what is at stake.

  • And mention Hong Kong and you might think of the glittering skyscrapers,

  • the night markets, the buzz of the streets.

  • But today we highlight something that even visitors to the city are now enjoying.

  • In praise of the humble Hong Kong tram.

  • First up though.

  • Last year we spoke on the show about who Donald Trump might pick

  • as the next chair of the Federal Reserve.

  • It is a decision with a big impact on America and the world economy.

  • In the end, the person who got the nod was Kevin Warsh.

  • In the whole country, I would say that this was the perfect candidate.

  • This was not a surprise or anything.

  • This was the man that is most qualified.