US President Donald Trump’s nominee to join the Federal Reserve has vowed to uphold central bank independence, bond traders are banking on revenue from Trump’s tariffs to bolster US public finances, and Nasdaq is trying to combat a number of suspected “pump and dump” scams. Plus, the “Amazon of Africa”, Jumia, is still trying to prove that it can be a profitable business after six years on the public market.

Mentioned in this podcast:

Stephen Miran vows to uphold Fed independence but says Donald Trump ‘entitled’ to a view on monetary policy

Bond investors count on Trump tariff revenues to rein in US debt

Nasdaq to tighten rules on small-cap stocks after suspected ‘pump and dump’ scams

Is there a future for the ‘Amazon of Africa’?

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Today’s FT News Briefing was produced by Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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Bond investors are counting on US tariff revenues

FT News Briefing