UBS On-Air: Paul Donovan Daily Audio 'Independence Day' -...

What this episode covers

From time to time, these comments might have given the impression of dissatisfaction with Federal Reserve Chair Powell. While one can (very) credibly disagree with Powell’s policies, those policies are independent. Yesterday, Powell defended that independence, publicly correcting US President Trump’s errors about the Fed’s building projects. Powell suggested that Trump’s trade tax policy was behind some cost overruns (a subtle reminder that US consumers pay tariffs, not foreign exporters).

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Frequently Asked Questions

How long is this episode of UBS On-Air: Market Moves?

This episode is 3 minutes long.

When was this UBS On-Air: Market Moves episode published?

This episode was published on July 25, 2025.

What is this episode about?

From time to time, these comments might have given the impression of dissatisfaction with Federal Reserve Chair Powell. While one can (very) credibly disagree with Powell’s policies, those policies are independent. Yesterday, Powell defended that...

Can I download this UBS On-Air: Market Moves episode?

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