Let's talk about Trump, the Fed, firings, and knowing it already....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 22 July 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Let's talk about Trump, the Fed, firings, and knowing it already....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it's Bell again. So today, we're going to talk about Trump, |
| 0:08.5 | firing Powell and the markets. Trump has repeatedly threatened to fire Federal Reserve Chair Jerome Powell. |
| 0:16.3 | We've talked repeatedly about how it would quickly shake the economy. |
| 0:31.3 | Well, when he was on Face the Nation, Representative Jim Himes of Connecticut said Trump was basically getting that same warning from his team. |
| 0:39.7 | Quote, well, interestingly, inside the White House, and I don't know who it is, my guess is, it's maybe the Treasury Secretary, is saying, and this is a very difficult thing to say to |
| 0:46.1 | a person like Donald Trump, that if you fire the Fed chair, either illegally, which they're happy |
| 0:52.6 | to do, or because you trump up some baloney-like charge |
| 0:56.9 | associated with a renovation of the headquarters. There is going to be a massive market reaction, |
| 1:03.3 | because you cannot lie to the capital markets. The Wall Street Journal ran an article |
| 1:09.6 | suggesting it was Treasury Secretary Bessent. |
| 1:13.3 | Trump is definitely in his feelings. He posted to social media, quote, |
| 1:19.9 | The Wall Street Journal ran a typically untruthful story today by saying that Secretary of the Treasury, |
| 1:26.2 | Scott Bessent, explained to me that firing Jerome |
| 1:30.3 | Toulay Powell, the worst Federal Reserve Chairman in history, would be bad for the market. |
| 1:36.3 | Nobody had to explain that to me. I know better than anybody what's good for the market and what's good for the USA. Nobody had to |
| 1:47.0 | explain that to me? Somebody absolutely needed to explain that to him. Somebody should also |
| 1:54.0 | explain that the mere threat of firing him, which Trump has done repeatedly, could actually |
| 2:00.0 | shake the markets in the same way. |
| 2:02.6 | Somebody should also explain that trumping up some weird reasoning, like the expense of renovations, |
| 2:09.6 | hypothetically speaking, of course, to fire him, could also shake the markets. |
| 2:14.6 | Somebody should also explain that wide-ranging uncertainty over the state of |
| 2:20.2 | international trade is bad for long-term capital investment and bad for the markets. That's why his |
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