Jeffrey Tucker: Everything You Need to Know About the Fed

American Thought Leaders

The Epoch Times

Government, News, Politics

4.9 • 1.1K Ratings

🗓️ 6 September 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Jeffrey Tucker unpacks President Donald Trump’s growing dispute with the Federal Reserve and his efforts to remove Federal Reserve Governor Lisa Cook for alleged mortgage fraud.

“There’s a lot more at stake than just this one regulation about residences and mortgages. It has to do with whether and to what extent the Fed is actually accountable to the President of the United States,” says Tucker.

He’s the founder and president of the Brownstone Institute and senior economics columnist for The Epoch Times.

How did the creation of the Federal Reserve fundamentally change America? Does Trump have the authority to fire a Federal Reserve Governor? And what does it really mean to be an independent federal agency?

“What’s striking to me about this is that the Fed has been around since 1913. This question has never really been asked at this level—much less answered—for all these years in this country,” Tucker says.

Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.

Transcript

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0:00.0	The law is written by Congress, the implementation legislation of the Fed,
0:04.0	says that the president can fire a Federal Reserve Board Governor with cause.
0:10.0	In this episode, Jeffrey Tucker unpacks the recent controversy surrounding the Federal Reserve.
0:16.0	He's the founder and president of the Brownstone Institute and senior economics columnist at the
0:21.4	epoch times.
0:22.6	No president since 1913 does have taken on the Fed the way Trump has taken it on now.
0:29.5	And the Supreme Court, I think, is going to have to decide.
0:32.8	How did the creation of the Federal Reserve change America?
0:36.3	Does President Trump have the authority to fire a Federal Reserve
0:39.5	governor for alleged mortgage fraud? And what does it really mean to be an independent federal agency?
0:45.7	What's striking to me about this, for all these years, this question has never really been
0:52.7	asked at this level, much less answered.
0:57.0	This is American Thought Leaders, and I'm Yanya Kellick.
1:00.0	Jeffrey Tucker, so good to have you back on American Thought Leaders.
1:06.0	My pleasure. Good to be here, Yon.
1:08.0	Let's start with this recent firing of the Federal Reserve Governor Lisa Cook.
1:14.7	Is this something that can happen?
1:17.6	This is something that's wildly contentious in our, and it's seemingly in our society,
1:23.4	and people are coming in on either side.
1:25.7	What's your take?
1:26.7	Well, she refuses to resign,
1:28.3	believing that it can't happen,
	...

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