De-Dollarization and the Trumpist Threat to the Fed

Episode Summary:

In this episode of Explaining History, Nick turns his attention to the economic chaos brewing in Washington. With Donald Trump threatening a criminal inquiry into Federal Reserve Chair Jerome Powell, we explore the dangerous politicization of America’s central bank.

Why is the independence of the Fed so crucial to the global financial system? What happens when a president tries to bully interest rates down to win an election? Nick argues that Trump’s erratic behavior, combined with the weaponization of the dollar, is accelerating the process of "de-dollarization"—an existential threat to America...