Stephen Moore

They don't happen in euros.

They don't happen.

And you know, uh, the one they happen in dollars and that's a huge advantage to America, but that can only happen if the dollar remains stable in price.

And so I think what you're going to get out of, uh,

out of Kevin Warsh is somebody who understands that you will need to keep inflation under control and that growth does not cause inflation.

Growth does not cause inflation.

So, uh, I hope Donald Trump, by the way, I love Donald Trump.

As you know, I've served as an economic advisor.

I think he's done amazing things.

I don't entirely agree with them on this.

So he, every time, you know, I see him as long as I've known him, he's always wanted lowered rates.

Cause he's, he's a, he's a, uh, you know, he's a, um, real estate guy, you know, real estate guys, low, uh, low, low interest rates.

The problem is,

Again, I'll try to make this really simple.

Do you remember back in 2024, right before the election, when Kamala Harris was running against Donald Trump, what did Jerome Powell do?

He lowered the interest rates.

Gee, funny how he did that just six weeks before the election.

I think he might have been trying to give a little boost to Kamala.

But the point is, it didn't work.

You know why?