Well, howdy there, Internet people it spell again.

So today, we're going to talk about Trump's move on the Fed, Tillis, Bessent, and public statements.

There's a lot going on over at the Federal Reserve, and there's a lot of public statements going on, and it does matter

to you. I'll have an explainer on the Fed down below, along with some more background information

that gets into the dirty details. But to drastically abbreviate the situation, Trump wants current Fed chair Jerome Powell out.

He wants to replace him with a guy named Kevin Warsh.

But Trump's administration launched a probe into Powell.

The independence of the Federal Reserve is very important, and this was seen by many as an attempt to undercut

that, so much so, that Republicans on the Senate Banking Committee have decided to throw up

roadblocks to Trump's appointee until the probe is resolved. That brings us to this question.

Bell, you said you thought Republicans would stand up to Trump, but Treasury Secretary Scott Bessent said they reached a deal. Yeah, he said

that, but that's not worth a hill of soybeans. And Republican Senator Tom Tillis said it didn't

change his posture. Quote, I have no intention of allowing any Fed Board nominee to move forward

out of committee and to be confirmed until this matter is settled. We could have a hearing all we want, but until the investigation is done,

I still believe that the initial inquiry and the investigation was a flex to try to get the current chair to step aside.

He has the power to throw wrenches into Trump plans here.

Then Tillis added, quote,

This is foundational to Fed Independence,

and I, for one, am going to stand on the side of certainty.

And Fed Independence is what delivers certainty in our markets.

Yes, markets hate uncertainty.

This is a really underreported story. First, you have a Republican standing up to a Trump appointment.

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