After months of speculation, Donald Trump has picked Kevin Warsh to run the Federal Reserve. Our correspondent explains what this means for America–and the world economy. What matters more in Thailand’s election: the will of the people or the power of the monarchy? And why Hong Kong’s humble tram network could help keep tourism on track.Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.