Trump’s Fed Power Grab? 04/26/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 26 April 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former President Donald Trump's political allies are crafting a plan to increase his influence over the Federal Reserve, potentially even making him an "acting" member of the central bank’s board, according to The Wall Street Journal. Nick Timiraos, the Journal's Chief Economics Correspondent, discusses the implications if Trump wins in November. Former FDA Commissioner Dr. Scott Gottlieb weighs in on Moderna's partnership with OpenAI, the AI drug revolution, his own AI venture, and updates on the bird flu presence in America’s pasteurized milk. Plus, CNBC's Steve Kovach breaks down Alphabet and Microsoft earnings and explores the future of AI investment for the megacap tech companies. Nick Timiraos - 10:08 Steve Kovach - 17:22 Dr. Scott Gottlieb - 22:12 . In this episode: Nick Timiraos, @NickTimiraos Scott Gottlieb, @ScottGottliebMD Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music please.
0:04.0	Today on Squawk Pot.
0:07.0	It's crazy and it's insane.
0:09.0	Trump allies planning to roll back the independence of the Federal Reserve.
0:14.3	Yes, well that's why my hair is on fire.
0:17.0	If the former president, I don't have any hair either.
0:20.3	Wins another term in office.
0:22.3	You'll look like you're doing pretty well up there.
0:24.0	I pay a lot for that.
0:25.0	Nick Timrose of the Wall Street Journal with the scoop joins us.
0:29.0	The Senate Republicans I spoke to
0:31.0	did not like this idea very much.
0:34.0	Is there bird flu in your milk?
0:36.0	Former FDA Commissioner Scott Gottlieb on what could be a risk.
0:40.0	First of all, I wouldn't drink raw milk.
0:42.0	I wouldn't drink raw milk. I wouldn't drink it now.
0:44.7	Plus, the tech mega giants betting on AI
0:48.4	and boosting benefit to investors
0:50.8	with C and BEC's Steve Kovac C. C. C. C. C. C.
0:55.0	did it. It's given the shareholders what they wanted.
0:57.0	I'm C. N. B.
1:00.0	Vallisi. It's Friday, April 26th.
	...

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