Fed decision: Powell stays pat on rates

Hey Smarties! We recorded today’s episode before the House passed a spending package that will end the partial government shutdown. We’re monitoring the situation as it develops.

President Trump has shown no signs of easing his pressure campaign on Federal Reserve Chair Jerome Powell. But this could spell trouble for Trump’s pick for Powell’s successor, Kevin Warsh. Marketplace’s Nancy Marshall-Genzer joins Kimberly to explain. Plus, we’ll get into what you should know about Warsh’s history at the Fed and more of the latest news from the central bank.

Here’s everything we talked about today:

• "Trump’s Political Drama With Powell Overshadows Fed Rate Decision" from The New York Times 
• "What would Kevin Warsh bring to the Federal Reserve?" from Marketplace
• "Fed keeps interest rates unchanged, despite pressure from Trump" from Marketplace
• "Trump Needs an Off-Ramp for Powell Feud to Speed Warsh Into Fed" from Bloomberg
• "The economic headache that's coming for Kevin Warsh" from Politico

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