Trump Says He Talked to Warsh. What Does That Mean for Fed Independence?

P.M. Edition for Sept. 17. Yesterday’s interest rate increase from the Fed seemed to some like an assertion of the central bank’s independence. But afterward President Trump revealed that he and Warsh had a conversation (wsj.com/economy/central-banking/trump-says-he-…) before the decision was announced. WSJ Washington bureau chief Damian Paletta (wsj.com/news/author/damian-paletta?mod=WSJ_WNPOD) discusses what we know (wsj.com/politics/policy/the-trillion-dollar-qu…)and what this could mean for the future of the Fed. Plus, House Speaker Mike Johnson sent lawmakers home (wsj.com/politics/johnson-house-representatives…) early this week ahead of the November election, despite criticism that Congress isn’t doing its job. We hear from Journal reporter Maya Davis (wsj.com/news/author/maya-davis?mod=WSJ_WNPOD) about what the data show about how much Congress is getting done. And Mastercard becomes the latest credit card company to roll out the option for AI bots to do your everyday shopping (wsj.com/tech/ai/mastercard-inks-deal-as-paymen…). But, as reporter Ben Glickman (wsj.com/news/author/ben-glickman?mod=WSJ_WNPOD) notes, many consumers aren’t yet ready to hand over their cards to a bot. Alex Ossola hosts.

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