Liz Truss on the 'Doom Loop' Engulfing the UK Economy
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Hello, and welcome to another episode of the Odd Lots podcast. I'm Jill Weisenthal.
And I'm Tracey Allaway.
Tracey, we're recording this 08/26/2025. There is a lot going on right now, particularly in, I guess, many big questions about macro and governance and all kinds of things in some of the richest countries in the world.
That is certainly one way to put it. So just overnight, we had headlines saying that Trump was going to fire Lisa Cook from the Fed. And this obviously fits into the whole debate around central bank independence and how much influence governments should actually have on central banks. And it turns out this is a debate that we've had before in other countries.
Totally. And part of the reason I think Trump is focused on the Fed is the high level of interest payments, and he'd like to see them come down. Speaking of interest payments, this morning, I saw the headline that The UK thirty year guilt is, like, at the highest since 1989. It continues to elevate. So for all the stress that we have here, all the fiscal pressure, inflationary pressure, it actually seems potentially worse elsewhere. Although
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