Beau

And it really boils down to two things.

Trump trying to exert influence over an independent Fed, and Trump apparently not fully understanding which committee actually controlled the interest rates, while confusing tradition for regulation.

So that was from February 6th, and the only major change to the dynamics is that Republican Senator Tom Tillis came out of nowhere with a chair and is blocking Warsh from moving forward.

Now, let me tell you what Powell said on Wednesday.

Quote, But wait, there's more.

He also said, quote,

On the question of whether I will then continue to serve as a governor after my term ends and after the investigation is over, I have not made that decision yet.

I will make that decision based on what I think is best for the institution and for the people we serve.

Best for the institution and for the people we serve.

What you just heard was almost a promise from Powell to stay as long as he believes Trump is trying to undermine the independence of the Federal Reserve.

Trump's going to be super mad when he realizes he's been angling to control the wrong committee at the Fed.

Well, howdy there, Internet people.

It's Belle again.

So today, we're going to talk about Trump keeping up with the Jones Act and the price of oil.

Okay, so in the latest example of, that's not going to work the way Trump thinks it will, Trump is looking to waive the Jones Act for a couple of months in hopes of tamping down the rising cost of oil caused by his elective war in Iran.

His press secretary said, President Trump's decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market.

That should be taken as a clear sign that the administration's version of short-term will be months long.

That means it'll still be disrupted for the U.S.

switchover to a more expensive summer blend gas.

But it looks like Trump is waiving that too.