Trump Has Catastrophic Day as GOP Senators Turn Against Him
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What is the main topic discussed in this episode?
Herr Budjettiminister, kuinka neuvottelut sujuivat? Kiteytän lopputuloksen kahteen sanaan. Suk C. Voitteko hieman tarkentaa? Suk C, sau, vaa, mo, noo. Mitä nyt hiihtämiseen tarvitaan? Mutta mit... Sitä, että toimittaja on hyvä ja suk C siitä Pudkesporttiin. Sieltä saa kaikki hiihtovermeet nyt liikuttavan halvalla. Pudkesport.fi. Mistä vois säästää? Miten halvemmalla päästään? Ku haluis silti makua, arkeen apua ja niinku hyvään hintaan. Tarkoititko pirkkahintaan? Säästää.
Aina on hyvä hetki kilpailuttaa asuntolaina. Lainan siirtäminen S-Pankkiin voi tuoda sinulle huomattavan säästön vuodessa. Pyydä lainatarjous vaikka heti, se ei sido sinua vielä mihinkään. Tutustu S-Pankin asuntolainaan osoitteessa spankki.fi kautta asuntolaina. S-Pankki. We here at Sato have one saying. When you're at home at your best, you're at your best in life. That's why we have the masters of the house to help you. The trusted friends of the garden. You don't have to stress about everything at home. Rent a carefree home. Sato.fi
Donald Trump is having an awful Monday morning as his effort to launch a criminal investigation into the chairman of the Federal Reserve, Jerome Powell, who he appointed, is backfiring in his face. We're now hearing from Republicans who are demanding an investigation, not into Powell, but into Trump's DOJ for its weaponization. Republicans demanding a criminal investigation into the DOJ for criminally investigating Jerome Powell. But Donald Trump's been on a rampage all morning. He's making posts like this. I'm the one who saved NATO. President DJT. Now, as Donald Trump threatens to invade Greenland, which has caused NATO nations to respond by potentially putting forces in Greenland to protect against a United States invasion, as Donald Trump has done more to break up the NATO alliance than in history, Donald Trump is saying that he saved NATO.
Then Donald Trump is getting some instant rebuking to his face from his post that he is now the acting president of Venezuela. You have Democratic Senator Amy Klobuchar said, so Trump is posting about being the acting president of Venezuela when he's not even acting like a president at home. That's for sure. Now, the former chair members of the Federal Reserve and former treasury secretaries put out the following statement. Former Fed chairs and treasury secretaries put out a statement on Monday defending Jerome Powell after the Justice Department opened up this criminal investigation into Powell. So you have everybody from Ben Bernanke, who served two terms as chair of the Fed. Jared Bernstein, chair of the Council of Economic Advisors under Biden.
Jason Furman, chair of the Council of Economic Advisors under Obama. Timothy Geithner, who served as the 75th secretary of the Treasury under Obama, as well as the president and chief executive officer of the Federal Reserve Bank of New York. Alan Greenspan, Glenn Hubbard, Jacob Lew, Henry Paulson, who's Bush's guy. So you keep going down the list of all them. Republican, Democratic leaders in this area, here's the statement that they put out. The Federal Reserve's independence and the public's perception of that independence are critical for economic performance, including achieving the goals Congress has set for the Federal Reserve of stable prices, maximum employment, and moderate long-term interest rates.
The reported criminal inquiry into Federal Reserve Chair Jay Powell is an unprecedented attempt to use prosecutorial attacks to undermine the independence. This is how monetary policy is made in emerging markets with weak institutions. with highly negative consequences for inflation and the functioning of their economies more broadly. It has no place in the United States whose greatest strength is the rule of law, which is at the foundation of our economic success. An unprecedented statement from Democratic and Republican Fed chairs and Treasury secretaries putting that out moments ago. As I mentioned yesterday, Republican Senator Tom Tillis said that it requires that there's now an investigation needed of the Department of Justice, that its independence and credibility are in question.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:02–7:18
2
What happened on Trump's catastrophic Monday?
7:18–8:25
3
Why are Republican Senators calling for an investigation into Trump?
8:25–10:23
4
What are the implications of Trump's threats against Jerome Powell?
10:23–14:44
5
How did former Fed chairs respond to Trump's actions?
14:44–16:36
Speakers
5 identifiedMore from The MeidasTouch Podcast
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