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CNN One Thing

Why Trump’s Attempt to Reshape the Fed Could Backfire

27 Aug 2025

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President Donald Trump continues to insist that his aggressive tariff policies will not raise prices for consumers. But little by little, customers are starting to see the opposite. We hear about the phenomenon called ‘sneakflation’ (and why it may not actually be so sneaky) and how Trump’s attempt to fire Federal Reserve Governor Lisa Cook could impact the entire economy. Guest: Justin Wolfers, University of Michigan Professor of Public Policy and Economics  ---  Host: David Rind  Producer: Paola Ortiz  Senior Producer: Faiz Jamil  Showrunner: Felicia Patinkin  Executive Producer: Steve Lickteig Learn more about your ad choices. Visit podcastchoices.com/adchoices

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