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The Michael Steele Podcast

A Moment Of Clarity: A Trump Power Grab Targets The Federal Reserve

The Michael Steele Podcast

The Bulwark

History, News, Government, Politics

4.83.1K Ratings

🗓️ 27 August 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Michael Steele sounds the alarm over a critical situation at the Federal Reserve. He argues that any attempt to remove Federal Reserve Governor Lisa Cook from her post could not only jeopardize the Fed's independence but also set a dangerous precedent for the future of democratic governance.

Catch Michael Steele on The Weeknight Mondays - Fridays at 7pm EST on MSNBC: https://www.msnbc.com/weeknight

Follow Michael on X: https://x.com/MichaelSteele

Follow Michael on Bluesky: https://bsky.app/profile/michaelsteele.bsky.social

Follow Michael on Instagram: https://www.instagram.com/chairman_steele/ 

Follow Michael on Threads: https://www.threads.net/@chairman_steele

Listen to The Michael Steele Podcast: https://www.thebulwark.com/s/the-michael-steele-podcast

Watch The Michael Steele Podcast: https://www.youtube.com/playlist?list=PLJNKzTkCZE9uNqPiKYw5eU5YkS_mMsr6o

Transcript

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0:00.0

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0:01.9

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0:17.9

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0:21.3

And now, for a moment of clarity.

0:26.5

He doesn't have the American people behind him. And I think that's what you see.

0:30.3

And then you have the Epstein files, which he continues to want to attract.

0:33.5

All row three back to Epstein.

0:35.1

All roads leave our economy over the Epstein thousand.

0:37.9

Come on.

0:38.7

So I just want to drop in the middle of the table because I'd like doing that, Simone knows.

0:44.6

To all the points that have been made, which are excellent points and they're important points,

0:49.1

and I think a lot of folks in our audience can appreciate that.

0:52.1

But I think they would probably wind up at the same spot I am right now after listening

0:57.3

to everyone speak.

0:59.4

So what do we do to protect this woman?

1:01.5

What do we do to protect Ms. Cook?

1:03.6

Who we know is trying to be, is about to be railroaded out of her job.

1:08.0

Who we know the president does not have the authority, to your point, to fire.

...

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