Catherine Pell

Hey, Kai.

Hey, Kai.

Well, it seems like the White House is White House slash DOJ.

I know that they're supposed to be independent from each other, but it seems like all of the above have recognized that they are getting in their own way or Trump is getting in his own way, that the way to get his pick for the next Fed chair, Kevin Warsh, through is to find an off ramp for what certainly appears to be a political campaign.

politically motivated criminal investigation into Jerome Powell and that the way to get Kevin Warsh cleared is to abide by Senator Tom Tillis's request to drop this investigation because Tillis says he likes Warsh, but he's not going to move forward any of Trump's picks for the Fed until this investigation is done.

And to my knowledge, we still have not heard from Tillis to know whether

This satisfies that demand because it's not totally clear that Howell is out of the woods.

To be honest, I found the whole thing a little bit frustrating because the elephant in the room is this criminal investigation case.

Of Powell, which may or may not be dropped.

Right.

And to the extent that that came up, the question for Warsh was, would you, you know, well, do you agree with Powell that this was politically motivated because of a disagreement over policy?

He was also asked about.

whether he would stand up and defend Lisa Cook, who is a board member whom Donald Trump has been trying to fire.

That case is before the Supreme Court.

And Warsh punted on both.

And nobody asked Warsh, well, what would you do if, in fact, you had a disagreement with the president and he wanted you to cut interest rates and you slash the FOMC would

did not cooperate.

What would you do if he threatened you, smeared you, launched a criminal investigation into you, tried to fire you?

And nobody asked that.

And so I found that a little bit frustrating because I think that that's really what matters more than anything else.