Trumponomics

On the day of what could be Jerome Powell’s final Federal Reserve meeting as chair, Trumponomics shifts focus from a largely uneventful near-term outlook for rates to a more consequential question: what comes next under Kevin Warsh, Donald Trump’s pick to lead the central bank.

Host Stephanie Flanders is joined by Krishna Guha, Vice Chairman and Head of Economics and Central Bank Strategy at Evercore ISI.
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A new artificial intelligence model blindsided policymakers at meetings of the International Monetary Fund, raising fears of faster, more-sophisticated cyberattacks on the global financial system. But the same technology also is being touted by its builders as the most powerful defense banks could have. On this week’s episode of Trumponomics, host Stephanie Flanders and guests Michael Deng, geoeconomics technology analyst at Bloomberg Economics, and Bloomberg News reporter Laura Noonan break down why Mythos, Anthropic’s most powerful AI model, is sparking both panic and optimism in boardrooms and across governments—and what it means for the security of the global financial system.
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It’s now been one year since Donald Trump’s sweeping attempt at global tariffs, and the economic fallout has been more nuanced than either critics or supporters predicted. On this episode of the Trumponomics podcast, host Stephanie Flanders speaks with Anna Wong of Bloomberg Economics and Oren Cass of the conservative think tank American Compass about a US economy that, in many respects, has proven unexpectedly resilient. Growth hasn’t collapsed, inflation hasn’t spiked and the president’s April 2025 tariffs (most of which were struck down in February by the Supreme Court) generated substantial federal revenue. The debate now centers on whether it will make a difference when it comes to Trump’s stated goal: reviving US manufacturing.
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On this episode of Trumponomics, host Stephanie Flanders examines how the US-Israel war with Iran has choked one of the world’s most vital shipping routes and tested the foundations of global trade. With traffic through the Strait of Hormuz severely constrained and hundreds of vessels backed up, the disruption is pushing up energy prices and raising fresh concerns about the reliability of supply chains. Bloomberg Global Trade Editor Brendan Murray and Africa and Middle East Correspondent Peter Martin join to unpack the economic fallout and geopolitical stakes.
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On this episode of Trumponomics, host Stephanie Flanders examines how the US-Israel war with Iran has presented China with two golden opportunities. The conflict provides Beijing with a chance to both widen its global diplomatic sway as the “adult in the room” and study the military tactics of its chief rival in real-time. Flanders is joined by Bloomberg's Fran Wang, who has spent almost two decades in China covering fiscal policy and economic planning, and Adam Farrar, Bloomberg Economics’ senior geoeconomics analyst for Asia-Pacific and a former adviser to US Vice President Kamala Harris, to unpack the geopolitical and economic implications of the crisis.
While the Iran war presents near-term risks to China’s economy, they say, the long-term benefits could be far reaching.
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