Today, we're sharing an episode from our fellow FT podcast, Swamp Notes.

The US president is angry with the chair of the Federal Reserve over interest rates. He’s applying a lot of pressure on Jay Powell to lower them or leave his job. The FT’s Claire Jones and Adam Posen, president of the Peterson Institute for International Economics, break down what will happen if Trump succeeds in either of those goals.

This episode originally aired on July 26.

Subscribe to Swamp Notes on Acast, Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts.

Read a transcript of this episode on FT.com

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