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President Donald Trump wants to control interest rates. To do that, he needs to control the Federal Reserve. So he's turned to a toady to dig up dirt on Fed governor Lisa Cook.

This episode was produced by Rebeca Ibarra and Devan Schwartz, edited by Amina Al-Sadi, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Noel King.

Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. Transcript at vox.com/today-explained-podcast.

President Trump mocking Federal Reserve Chair Jerome Powell at a recent event. Photo by Andrew Harnik/Getty Images.
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0:27:41
Publication year
2025
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