US President Donald Trump may soon name Kevin Hassett as the next Fed chair, subject to Senate confirmation. So what happens if he gets the job when Jerome Powell's term ends next year? On this episode of Trumponomics, host Stephanie Flanders, Bloomberg Economics Chief US Economist Anna Wong and Washington correspondent Saleha Mohsin unpack why Hassett has emerged as the likely pick, and what it could mean for markets, interest rates and the Fed’s independence. For more, Anna Wong's Interview with Kevin Hassett: https://www.youtube.com/watch?v=ECFNeNqKQOMSee omnystudio.com/listener for privacy information.
On this episode of Trumponomics, host Stephanie Flanders sits down with Singapore Foreign Minister Vivian Balakrishnan to unpack the shifting dynamics of global trade in an era of US protectionism and rising geopolitical tension. From Donald Trump' retreat from America's postwar role to the deepening lack of trust between Washington and Beijing, Balakrishnan explains why today’s economic disruptions are less a sudden storm than “geopolitical climate change.” Yet amid fractured supply chains and rising uncertainty, he offers a note of optimism—highlighting how Asia, Europe and other mid-sized economies are forging new alliances to keep globalization alive.See omnystudio.com/listener for privacy information.
On this week’s episode of Trumponomics, host Stephanie Flanders, Bloomberg’s head of government and economics, dives into what she calls “the curious case of the everywhere, nowhere tariffs.” Since President Donald Trump’s return to the White House, his sweeping new trade levies—pitched as a way to “liberate” the US economy—have dominated headlines and whipsawed markets. But where are the real effects? Flanders is joined by Anna Wong, Bloomberg Economics’ chief US economist, and Brad Setser, senior fellow at the Council on Foreign Relations, to untangle who’s actually paying for these tariffs, how they have affected the US economy so far, and whether there’s any evidence they’re accomplishing any of Trump’s stated goals.See omnystudio.com/listener for privacy information.
On this week’s Trumponomics, host Stephanie Flanders explores how Democrats are repurposing President Donald Trump’s 2024 campaign theme—affordability—as their own political cudgel, and whether it could lead to more victories in 2026. Bloomberg political correspondent Nancy Cook and The Atlantic writer Annie Lowrey join to unpack the politics and policy behind America’s enduring cost-of-living crisis.Read more: https://www.bloomberg.com/news/articles/2025-11-07/government-shutdown-mamdani-win-show-us-politics-is-about-affordabilityhttps://www.theatlantic.com/ideas/archive/2020/02/great-affordability-crisis-breaking-america/606046/See omnystudio.com/listener for privacy information.
On this week’s Trumponomics, we sit down with former White House Chief of Staff for Barack Obama and Chicago Mayor Rahm Emanuel. A former Democratic congressman and ambassador to Japan, Emanuel—who won’t rule out a run for president in 2028— joins host Stephanie Flanders to share his “pro-America” economic agenda, arguing that the real reason US politics has turned fraught is that “the American dream has become unaffordable.”See omnystudio.com/listener for privacy information.
On this week's Trumponomics, host Stephanie Flanders focuses on Mexico, one of America's largest trading partners and a nation with a lot at stake in Donald Trump's global trade war. Flanders is joined by Alex Vasquez, Bloomberg economy and government reporter in Mexico City, and Felipe Hernandez, who covers Latin America for Bloomberg Economics. They discuss how Mexico’s first female president, Claudia Sheinbaum, has navigated Trump’s chaotic tariff threats and retreats and what’s at stake for her country’s economic future. The episode unpacks how Mexico might just turn the trade tables on the Republican president and, even outgrow the US by 2030.See omnystudio.com/listener for privacy information.
Make sense of the world with one essential conversation, every week. Mishal Husain, one of Britain's best interviewers, brings her signature blend of curiosity and tenacity to weekly conversations with world leaders, business titans, and cultural icons, revealing who they really are and how they see the world changing around them.Follow the podcast wherever you listen, so you don't miss an episode.https://link.podtrac.com/iu94w2n4See omnystudio.com/listener for privacy information.
Gavekal Dragonomics’ Arthur Kroeber joins Trumponomics to discuss how the latest tit-for-tat reveals Beijing’s growing leverage in its standoff with Washington. After a period of quiet, the trade war between the US and China reignited in recent weeks when Washington expanded its export controls and Beijing hit back with restrictions on rare-earth exports. China expert Arthur Kroeber explains that both nations are using their economic networks as instruments of power, but that Beijing appears to be gaining the upper hand.See omnystudio.com/listener for privacy information.
In this special bonus episode of Trumponomics, host Stephanie Flanders sits down with former New York Fed President Bill Dudley for a candid conversation about the future of the Federal Reserve. Dudley offers rare insider insight into the balancing act facing Chair Jerome Powell—weighing sticky inflation, artificial intelligence-driven growth and a shaky labor market—while warning of the mounting threat to Fed independence posed by Donald Trump.See omnystudio.com/listener for privacy information.
This week on Trumponomics, we explore the global surge in government debt and why investors still seem unfazed, especially when it comes to the US. Joining the conversation are Jason Furman, former chair of President Barack Obama’s Council of Economic Advisors, and Rupert Harrison, former adviser to UK Chancellor George Osborne. Recorded live in Bloomberg's London offices at an event for the Society of Professional Economists, they discuss whether rising debt levels are finally reaching a breaking point and what it could mean for the world economy.See omnystudio.com/listener for privacy information.
This week’s episode of Trumponomics explores why the current US government shutdown may be different from previous iterations, why it may last longer than most and how it could end up triggering a recession. With the shutdown in its second week, host Stephanie Flanders, head of government and economics, and her guests Matthew Glassman, senior fellow at the Government Affairs Institute at Georgetown University, and Anna Wong, chief US economist for Bloomberg Economics, discuss how this standoff is actually a deeper struggle over presidential power. See omnystudio.com/listener for privacy information.
This week, we're widening the lens a bit with a panel from the Bloomberg event "Women, Money and Power." Host Stephanie Flanders spoke with Alessandra Galloni, editor in chief of Reuters, and Zanny Minton Beddoes, editor in chief of The Economist, about how their news agencies are grappling with the sheer volume of news coming out of Washington and the Trump administration's aggressive approach to the media. They discuss press freedom challenges, the global impact of “Trumponomics” and how their newsrooms balance independence, fairness and resilience amid political and economic upheaval.See omnystudio.com/listener for privacy information.
On this episode of Trumponomics, host Stephanie Flanders explores US President Donald Trump’s decision to impose a $100,000 fee on new H-1B visa applications, which industries will lose the most from this new expense for foreign workers and a potential long-term silver lining for India, the source of most of them. Bloomberg Economics analyst Michael Deng explains the cost pressures facing smaller US firms, while New Delhi–based analyst Chetna Kumar outlines the challenges for Indian IT giants, and why the policy might also push India to expand its domestic R&D and service hubs.See omnystudio.com/listener for privacy information.
Host Stephanie Flanders, Bloomberg’s head of government and economics, is joined by Bloomberg managing editor Shelly Banjo and senior reporter Ian King to discuss how Trump has changed the rules for corporate America, and whether this marks a permanent change. See omnystudio.com/listener for privacy information.
Why is the price of money rising and what does US President Donald Trump have to do with it? Stephanie Flanders is joined by Bloomberg Economics' Jamie Rush and Tom Orlik to explore the global forces driving up interest rates, from defense spending to deglobalization, and what higher borrowing costs mean for governments, businesses and households.See omnystudio.com/listener for privacy information.
On this episode of Trumponomics, we explore the curious moment in markets where most investors see equities as overvalued but don’t want to sell just yet. Host and Bloomberg Head of Government and Economics Stephanie Flanders is joined by Bloomberg Economics economist Anna Wong and Everything Risk author Ed Harrison.Read more: https://www.bloomberg.com/news/articles/2025-08-31/stock-market-s-fate-comes-down-to-the-next-14-trading-sessionsSee omnystudio.com/listener for privacy information.
It’s been a little more than seven months since US President Donald Trump returned to the White House, and much has been made of his administration’s unprecedented actions when it comes to trade, geopolitics and domestic matters. There are plenty of detractors pointing to the downsides of the Republican’s moves, but we hear less about what the US should be doing instead. It raises the interesting question: what would the Democratic alternative be? Host Stephanie Flanders and Noah Smith, a former columnist for Bloomberg Opinion and now a prominent Substack writer, ask whether—if the opposition party returns to power—should it return to the neoliberal policies of the Obama administration, or find its own populist message to match that of Trump? Or perhaps something in between?See omnystudio.com/listener for privacy information.
Host Stephanie Flanders speaks with journalist and author Ben Chu to unpack his latest book, Exile Economics: What Happens if Globalisation Fails. As President Donald Trump calls for the US to break its dependence on foreign imports and bring all production “back home,” Chu pulls back the curtain on what abandoning globalization would actually look like—not in theory, but in the messy, interconnected reality of the 21st century. See omnystudio.com/listener for privacy information.
On this episode of Trumponomics, we explore the impact of President Donald Trump’s economic policies on the standing of the US dollar, and the consequences for the US and global economies if the greenback is no longer the world’s primary reserve currency. As our guests explain, it seems that a reckoning has been in the making for some time.Barry Eichengreen, professor of economics and political science at the University of California Berkeley, joins along with Bloomberg Washington reporter Saleha Mohsin to discuss how reserve currencies come about, how the US dollar ascended to that role and what happens if it falls back to earth.See omnystudio.com/listener for privacy information.
With US President Donald Trump’s self-imposed Aug. 1 deadline having come and gone, trading partners across the globe are digesting what his new threatened tariffs might mean for them. But it’s early days yet in Trump’s trade war, and everything from the unexpected movement of the dollar to negative jobs data and $1 trillion in trade exemptions continues to cloud the picture. On this episode of Trumponomics, we try to understand how Trump’s tariffs (which, to add more complexity, an appeals court could soon rule illegal) are currently affecting US businesses, China and the rest of the world. Host Stephanie Flanders is joined Bloomberg Economics Chief US Economist Anna Wong and Bloomberg News senior correspondent Shawn Donnan to discuss it all. https://www.bloomberg.com/news/articles/2024-09-24/friends-of-bls-urge-congress-to-lift-funding-for-us-labor-survey See omnystudio.com/listener for privacy information.
On this week’s Trumponomics, we unpack the promise and peril for America of Trump’s AI vision. Host Stephanie Flanders is joined by Michael Deng, geoeconomics technology analyst for Bloomberg Economics, and Parmy Olson, a columnist with Bloomberg Opinion and author of the book Supremacy: AI, ChatGPT and the Race That Will Change the World. Together, they discuss how the administration’s plans when it comes to tariffs, energy and other issues risk isolating the US from the very global tech ecosystem it’s trying to dominate.See omnystudio.com/listener for privacy information.
On this episode of Trumponomics, we discuss whether Jerome Powell has overestimated the risk of inflation stemming from the US trade war. Joining us are Oren Cass, founder and chief economist at American Compass and Anna Wong, chief US economist at Bloomberg Economics who served in various roles in Trump’s first administration. Along with host Stephanie Flanders, they examine whether the Fed has been getting it wrong on rates, and if so, why.See omnystudio.com/listener for privacy information.
This week, we examine whether Donald Trump’s efforts to deregulate traditional finance and move crypto further into the mainstream are laying the groundwork for a financial crisis or simply fixing bureaucratic overreach stemming from the last one. Christine Harper, a member of Bloomberg’s editorial board and co-author of a memoir by former Federal Reserve Chair Paul Volcker, and Katanga Johnson, who covers banking regulation for Bloomberg, join host Stephanie Flanders. See omnystudio.com/listener for privacy information.
This week, we explore how the legislation’s attack on renewable energy may push up electricity bills and damage US competitiveness in AI. The tax credits in President Joe Biden’s sprawling Inflation Reduction Act were introduced to help the US keep up with rising electricity demand by making clean power sources cheaper. But now the big bill has changed all that, and an executive order issued days after its passage suggests his war on renewables isn’t over yet. Joining host Stephanie Flanders to discuss this dramatic turn of events (and why members of Congress from states raking in renewable investments supported the bill) are guests Ethan Zindler, head of country and policy research at BloombergNEF and previously climate counselor to US Treasury Secretary Janet Yellen, and Bloomberg lobbying and influence reporter Emily Birnbaum. See omnystudio.com/listener for privacy information.
On this episode of Trumponomics, we focus on US President Donald Trump’s crackdown on immigration, what’s at stake for businesses and the economy, what harm has been done already and whether the administration could change course. Jonathan Levin, a Bloomberg Opinion columnist focused on US markets and economics, and Kate Davidson, Bloomberg’s managing editor for US economic policy, join host Stephanie Flanders to discuss the many consequences of Trump’s signature campaign promise, whether his administration is likely to modulate its policies—and whether there could be long-term benefits to the broader economy of forcing employers to offer higher wages and better conditions to attract the workers they need.See omnystudio.com/listener for privacy information.
Earlier this month host Stephanie Flanders sat down with Cathie Wood, the founder, CEO and chief investment officer of ARK Investment Management, at the Founders Forum Global conference in Oxford. They were joined by Bloomberg Editor-in-Chief John Micklethwait and Bloomberg TV UK Correspondent Lizzy Burden. Wood gives her take on the 'great rotation' out of US stocks, why she believes investors rebalancing their portfolios, moving away from safe-haven tech stocks and towards riskier investments, and how that's shaping her outlook for the US dollar. The conversation was recorded on June 12, 2025. See omnystudio.com/listener for privacy information.
In this episode of Trumponomics, we explore whether Donald Trump’s attack on Iran changes the calculus on his “reciprocal” tariffs and a looming deadline. Host Stephanie Flanders is joined by John Authers, senior editor for markets and a Bloomberg Opinion columnist, and Shawn Donnan, senior reporter covering economics, to discuss how markets have been thinking about the July deadline, and how the multitrillion-dollar price tag for the “big beautiful bill” Trump hopes to get through Congress may have raised the probability of a baseline 10% tariff.See omnystudio.com/listener for privacy information.
On this episode of Trumponomics, we ask what Israel’s war with Iran, Donald Trump’s public musings about sending America to fight again in the Middle East and a potentially soaring oil price would mean for the US economy—and the 79-year-old Republican’s economic plans. We also address why those high oil prices haven’t yet come to pass.Host Stephanie Flanders is joined by Jennifer Welch, chief geoeconomics analyst for Bloomberg Economics and Ziad Daoud, chief emerging markets economist and senior fellow at the Harvard Kennedy School. See omnystudio.com/listener for privacy information.
Stephanie Flanders leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go. She's joined by Robin Xing, Chief China Economist at Morgan Stanley, Lotus Asset Management Chief Investment Officer Hao Hong, and Bloomberg reporter Rebecca Choong Wilkins. See omnystudio.com/listener for privacy information.
What kind of US economy will emerge from the policies of Donald Trump? Will it be more or less competitive and resilient than what the president inherited at the start of the year? Host Stephanie Flanders put that question to an all-star panel at the Milken conference in May. Here's an edited version of the conversation that followed, featuring Gary Cohn, IBM Vice Chairman, former director of the National Economic Council and former chief economic advisor to Trump; Peter Orszag, CEO and Chairman of Lazard and former director of the Office of Management and Budget under President Barack Obama; and Kevin McCarthy, 55th Speaker of the US House of Representatives. See omnystudio.com/listener for privacy information.
