Less than two days after Donald Trump won a second term, the Federal Reserve announced a rate cut. But speaking to reporters, Fed’s Powell faced difficult questions about the path forward for interest rates — and for him — under Trump. Bloomberg economic policy editor Kate Davidson joins host Saleha Mohsin to discuss how Powell’s answers today set up for a rematch between him and Trump over the Fed’s mission and independence.  Read more: Trump’s Victory Casts a Shadow Over the Federal Reserve Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and unlock access to deep reporting, data and analysis from reporters around the world. See omnystudio.com/listener for privacy information.