Tim Miller

And so this has been kind of in the ether for a while now.

Um,

Among those behind the case to investigate Powell are Jeanine Pirro, Judge Box of Wine, the U.S.

attorney, and then Bill Pulte, this housing official that has been going after other enemies of the president over their supposed mortgage issues, including Tish James and others.

I think, obviously, this is horrendous and sort of keystone authoritarianism, but I

I think the most striking element of the story was how quickly Jerome Powell responded.

I just want to play a clip from a two-minute video he put out last night that gets to the heart of the matter.

Let's listen to that.

So you can see there that he didn't mince words.

I mean, John Paul is saying that this this threat of prosecution is directly related to the Fed not responding to Trump's pressure campaign for them to push down interest rates.

I think that's the important part here, because obviously it's bad if he's going after enemies.

But if it's specifically tied to undermining the independence of the Fed, there are a ton of other potential consequences involved.

of that.

And you saw, you know, last night, I was sitting on social media, even some Trump supporters who are kind of in finance were sort of shaken by that element of it.

Yeah, look, there's no doubt about that.

It's about power manipulation.

If the independence of the Fed is threatened or altogether eliminated, I mean, the economic consequences are extremely severe.

You go through the countries that have had this issue.

It's like Argentina, Venezuela.

Trump's trying to Venezuela the whole country.