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Trump Collides With Epstein Files, Fed Concerns | Balance of Power
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July 21, 2025
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For President Donald Trump, whose political career has benefited from voter anxiety over Washington elites, the health of his predecessor and the riches of Wall Street, the past week offered a reversal of fortune.
Trump’s efforts to escape the uproar over Jeffrey Epstein failed spectacularly, after the Wall Street Journal published a story alleging he once sent a suggestive birthday letter to the disgraced financier — a claim the president denied.
The White House was forced to make a rare disclosure that Trump wasn’t in perfect health. And Trump whipsawed on the fate of Federal Reserve Chairman Jerome Powell, signaling to lawmakers that he would attempt to fire him before relenting after concern about a market backlash.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Bloomberg Senior National Political Correspondent Nancy Cook.
Bloomberg Washington Correspondent Tyler Kendall.
Sabato's Crystal Ball Managing Director Kyle Kondik.
Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
See omnystudio.com/listener () for privacy information.
Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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