President Donald Trump ended months of reality show-style speculation by picking Jay Powell to lead the central bank, settling on a seasoned veteran for one of the world's most important economic jobs and signaling there won't be drastic changes at the Fed. In a bonus episode of POLITICO Money, Ben White and Victoria Guida dive into why the president chose Powell, if he'll actually be all that different from Janet Yellen, and what this means for the markets.

Council of Economic Advisers Chair Kevin Hassett discusses tax policy and the claim that proposed cuts will add at least $4,000 in increased wages per household over the next several years. Hassett also opens up about being "the nice guy" in a tumultuous political environment, the role of the Council of Economic Advisers, and his belief that some Americans are so disconnected from the workforce that the best idea to get them working again could be a federal jobs program.

Senate Minority Leader Chuck Schumer has an odd-couple friendship of sorts with President Donald Trump. But the Senate minority leader says it's a purely transactional relationship and Democrats won’t cut any more deals with the White House on taxes or anything else until Trump's Republicans-only approach fails.

Steven Mnuchin opens up about his relationship with President Trump and how he became treasury secretary, what's on his bookshelf, the Lakers, and D.C. versus L.A. Plus, the treasury secretary tells Ben White a tax overhaul is guaranteed by the end of the year.

Join Ben White and the POLITICO team every Wednesday as we take listeners inside the world of Wall Street and Washington. We'll unpack major news moments, hear from leading voices on the economy, and help you understand the policies that move markets. Our first episode with Treasury Secretary Steven Mnuchin will debut October 18.