Janet Yellen on Trump’s ‘very dangerous’ Fed moves
Velshi
MS NOW, Ali Velshi
4.7 • 793 Ratings
🗓️ 31 August 2025
⏱️ 42 minutes
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| 0:00.0 | It is Sunday, August the 31st, I'm Ali Valsh, and we begin this hour with the fight ahead in this perilous Trump second term, the emerging class of political fighters who are rising to this crucial and challenging moment. |
| 0:19.5 | In a 1940 letter to Congress, President Franklin |
| 0:22.8 | Delano Roosevelt said, quote, substantial justice remains a higher aim for our civilization than technical |
| 0:30.3 | legalism. In his four terms, as president, Roosevelt played dirty politics plenty. As he expanded |
| 0:36.5 | his power, critical newspaper cartoonists |
| 0:39.1 | often drew him in Kings regalia. But he made the gamble that if you broke a few rules to improve |
| 0:44.7 | people's lives, they'd forgive you for it. And if there was ever a time for Democrats to return to |
| 0:49.5 | the FDR School of Politics, it is right now in the face of rising authoritarianism of a reinvigorated and |
| 0:55.2 | revenge-seeking Donald Trump. California Governor Gavin Newsom understands what Democrats are up against. |
| 1:02.5 | To me, the essence of the challenge of the party is weakness. Weakness. And I think it was not lost on me. And I think, I don't think, I really at the core, |
| 1:14.9 | believe this. The most eloquent spokesperson that understood this decades ago was Bill Clinton |
| 1:20.6 | after we got shellacked at one of the midterms. And Clinton summed it up, said, given the choice, |
| 1:24.5 | the American people always support strong and wrong versus weak and |
| 1:28.7 | right. And I think our party needs to wake up to that. It may just be starting to. The Democratic |
| 1:35.9 | Party has been accused of bringing a pencil to a knife fight, but many are pledging to come to |
| 1:40.2 | knife fights more prepared. So who's packing the knives? Well, new leaders emerge. |
| 1:44.8 | Each time Trump pushes the boundaries further toward authoritarianism right now in Illinois, |
| 1:49.1 | as the president threatens to sick the National Guard onto the city of Chicago, the governor, |
| 1:53.2 | J.B. Pritzker is matching tone with Trump, warning the president that any such move would be |
| 1:58.0 | met with resistance, and he struck a gravely serious tone. |
| 2:02.4 | Mr. President, do not come to Chicago. |
| 2:12.0 | You are neither wanted here nor needed here. |
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