Hello, everybody, and thank you for tuning in to the weekly report.

Trump's latest regime change target.

What does the Federal Reserve have in common with Venezuela and Greenland?

It has been targeted by President Trump for regime change.

The Justice Department recently launched a criminal investigation into whether Federal Reserve

Chairman Jerome Powell lied to Congress about the cost of renovating the Federal Reserve's

offices. Many believe this investigation was launched in order to support President Trump's effort

to replace Powell, who he nominated to be Fed Chairman in 2017, with a Fed chairman who will

accommodate President Trump's demands for lower interest rates.

Almost all observers believe that President Trump's desire to stack the Federal Reserve Board with loyalists,

who will tailor monetary policy to his liking, motivated the investigation of the Federal Reserve System

and board member Lisa Cook.

President Trump is using allegations that Cook lied on a mortgage application

as a justification to fire her.

At a Supreme Court hearing on Lysa Cook's case, the majority of justices, including some who

have been supportive of President Trump's attempt to exercise greater authority over federal

agencies, seem to oppose his firing of cook.

One reason for this would be viewing the Fed as different from federal agencies like the Federal

Trade Commission because private banks play a role in the Fed's governance.

This indicates the Fed is a public-private hybrid. The criminal

investigation into Chairman Powell and the attempt to fire Lisa Cook have caused investors,

stockholders, and others to fear Trump is endangering the economy by compromising the Fed's independence.

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