4.4 • 2.1K Ratings
🗓️ 27 August 2025
⏱️ 54 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Good evening. I'm Amman Abbas. And I'm Jeff Bennett. On the news hour tonight, President Trump tries to gain more control over the historically independent Federal Reserve by moving to fire a prominent member of its board. |
0:16.5 | The president calls Baltimore a hellhole and threatens to send in the National Guard. |
0:21.6 | We speak with the city's mayor. |
0:23.6 | I would hope that the president would work alongside us instead of trying to treat my city as a political theater or political pawns in some game, |
0:33.6 | because that's not something that we appreciate. |
0:35.6 | And climate change and dwindling water supply from the Colorado River |
0:39.9 | raised concerns for a California Valley that helps feed the nation. |
0:57.5 | Welcome to the News Hour. |
1:00.3 | President Trump made it explicitly clear today. |
1:02.7 | He is seeking more control of the Federal Reserve. |
1:07.2 | The president says he has fired Fed Governor Lisa Cook from the bank's board, |
1:11.1 | but she says she's not leaving and will take the administration to court. |
1:16.6 | Cook's departure would create two board vacancies in just the last month. What's at stake is the balance of power on the nation's top bank, which could potentially undermine its long-held |
1:21.9 | independence. I want to thank you all for being here. President Trump today doubling down on his fight to exert control over the Fed, repeating |
1:30.8 | claims that he has the authority to fire Federal Reserve Board Governor Lisa Cook, accusing |
1:36.4 | her of making false statements to get a better mortgage. |
1:39.6 | She seems to have had an infraction, and she can't have an infraction, especially that infraction, |
1:45.2 | because she's in charge of, if you think about it, mortgages, and we need people that are |
1:50.2 | 100 percent above board, and it doesn't seem like she was. |
1:54.2 | Mr. Trump announced Cook's firing in a statement late Monday, writing, quote, I have determined |
1:59.0 | that faithfully executing the law requires your immediate |
2:02.3 | removal from office. What she did was a bet, so I'll fire her if she doesn't resign. |
... |
Transcript will be available on the free plan in 15 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from PBS NewsHour, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of PBS NewsHour and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.