Trump and the Fed: Why Trump is Determined to Fire Jerome Powell.
Unf*cking The Republic
UNFTR Media
4.9 • 683 Ratings
🗓️ 11 August 2025
⏱️ 18 minutes
🧾️ Download transcript
Summary
Treasury Secretary Scott Bessent recently took himself out of the running to take over as Chair of the Federal Reserve at the end of Jerome Powell’s term. (Or when Trump fires him illegally.) Perhaps it has something to do with his serious flub recently when he said the quiet part out loud about privatizing Social Security. Either way, Trump is on a mission to cut the Federal Funds rate to as low as one percent. In today’s episode, we game it out to explain what would happen if rates suddenly dropped so low in this economic environment. (Spoiler: It would be catastrophic for the average American.) Then we reveal what Trump’s actual motives might be for doing so.
Chapters
Intro: 00:00:40
Post Show Musings: 00:14:59
Resources
The New York Times: Trump says Treasury’s Bessent rules out replacing Powell as the Fed chair.
MSNBC: Bessent walks back suggestion that Trump accounts are 'backdoor' to privatize Social Security
UNFTR Resources
Stablecoin and the Stable Genius: Donald Trump’s Plan to be the Central Banker to the World
Video: Trump’s SHADOW CRYPTO Network is WORSE Than You Think
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Transcript
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| 0:00.0 | Come listen to the man who knew we finally had enough, so we started up a podcast and called upon his friends. |
| 0:13.0 | No matter where you're from or your unique political bend, here's the story of our perfect American ass. |
| 0:20.0 | Max in 99 with the facts to blow your mind. |
| 0:24.1 | The nanny with the wicked sound design. |
| 0:27.5 | So grab a seat and pour yourself a glass of writer's tears. |
| 0:31.0 | Un-sucking the republic is about to begin. To begin Fuck you too, Milton Friedman. |
| 0:40.3 | Accordingly, it is my pleasure and my honor to announce my nomination of Jerome Powell |
| 0:49.3 | to be the next chairman of the Federal Reserve. Congratulations, Jay. |
| 0:56.0 | Thank you, Mr. President. |
| 0:58.0 | One very long digestive tract later. |
| 1:01.0 | He's always been too late. |
| 1:03.0 | Hence his nickname too late. |
| 1:05.0 | He should have cut interest rates a long time ago. |
| 1:08.0 | Europe has cut them ten times in the short period of time and we cut them none. |
| 1:12.4 | People aren't able to buy a house because this guy is a num skull. He keeps the rates too high. |
| 1:18.6 | He's a terrible Federal Reserve Chairman. Not only that, he's building a building. He's a $2.9 billion. |
| 1:26.2 | It's actually 3.1 of you include other areas that are essentially the same thing. |
| 1:31.2 | Way over budget. |
| 1:32.1 | Has no idea what he's doing. |
| 1:33.5 | And I would say he's probably good at that compared to what he does with interest rates. |
| 1:37.7 | So we have a stupid person, frankly, at the Fed. |
| 1:40.9 | He probably won't cut today. |
... |
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