Latest / Turley Talks / Ep. 3353 BREAKING: Trump Makes HUGE Announcement!!!

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Ep. 3353 BREAKING: Trump Makes HUGE Announcement!!! · Turley Talks

• 0:00
  [SPEAKER_00]: The liberal globalist order is on its brink and awakening a new conservative age.
• 0:06
  [SPEAKER_00]: Dr. Steve Turley joined me every day as we discover answers to today's toughest challenges and explore the re-bondalization of conservative civilization.
• 0:18
  [SPEAKER_00]: This is Turley Talks.
• 0:21
  [SPEAKER_00]: Again, it's me, Dr. Stephen, once again, we've got some huge news breaking.
• 0:26
  [SPEAKER_00]: President Trump has just dropped a political bombshell at sending shockwaves through Wall Street and Washington.
• 0:35
  [SPEAKER_00]: Trump has officially called for the immediate resignation of federal reserve chair Jerome Powell, slamming him for doing a lousy job and keeping interest rates sky high while American families struggle.
• 0:47
  [SPEAKER_00]: This was just announced minutes ago.
• 0:50
  [SPEAKER_00]: President Trump has taken a true social and he's demanding that Jerome Powell stepped down right now, immediately, Trump's messages clear America needs lower interest rates and real economic growth, not more the same failed policies from the Fed that oversoul Biden's dithering economy.
• 1:08
  [SPEAKER_00]: Now, the question, of course, here's what Trump's option.
• 1:10
  [SPEAKER_00]: Can he actually get rid of Powell?
• 1:14
  [SPEAKER_00]: And what does this mean for your wallet?
• 1:16
  [SPEAKER_00]: So I want to break that down for you.
• 1:19
  [SPEAKER_00]: So bottom line, President Trump has had enough of the Federal Reserve dragging its feet with interest rates.
• 1:25
  [SPEAKER_00]: He's blasted room pal for refusing to cut the interest rate.
• 1:29
  [SPEAKER_00]: Basically, pal is basically holding Trump's terrorist hostage.
• 1:34
  [SPEAKER_00]: So when effect pal is saying, I'll drop the interest rates when you drop the tariffs.
• 1:38
  [SPEAKER_00]: That's basically the cat and mouse game that's being played here.
• 1:41
  [SPEAKER_00]: Pal hates tariffs.
• 1:44
  [SPEAKER_00]: And obviously Trump is dropping them.
• 1:46
  [SPEAKER_00]: So Trump's argument is that interest rates should be at around one percent jumpstart the economy.
• 1:52
  [SPEAKER_00]: That's stuck in the four percent range where they've been for years now.
• 1:56
  [SPEAKER_00]: That's a lag from Biden's awful economy.
• 1:59
  [SPEAKER_00]: So Trump is saying rightly that pals refusal to cut rates is holding back American growth, hurting homeowners, small businesses, working families.
• 2:10
  [SPEAKER_00]: Now, what's key here for Trump is that this isn't just about policy.
• 2:15
  [SPEAKER_00]: It's about leadership.
• 2:16
  [SPEAKER_00]: Trump wants someone at the Fed who's going to put America first and deliver the prosperity we deserve rather than just play politics with terrorists.
• 2:26
  [SPEAKER_00]: So the big question here, of course, is can Trump fire power?
• 2:32
  [SPEAKER_00]: As far as the laws concerned, the Federal Reserve is designed to be independent.
• 2:39
  [SPEAKER_00]: So legally, the President can only remove the Fed chair for quote calls, meaning serious misconduct, not just policy disagreements.
• 2:50
  [SPEAKER_00]: Now, interesting, right now as we speak, there is a Supreme Court case.
• 2:54
  [SPEAKER_00]: That could clarify or even expand presidential power to remove heads of independent agencies like the Fed.
• 3:02
  [SPEAKER_00]: So the president has asked the nation's highest court in an emergency petition to endorse his decision to fire the board members of two other independent agencies.
• 3:12
  [SPEAKER_00]: It's the national labor relations board and the merit systems protection board now.
• 3:18
  [SPEAKER_00]: For detractors, they're arguing that that is a direct attack on a nine-year-old Supreme Court precedent limiting the power the president to dismiss independent agency board members except in cases in neglect or malfeasance.
• 3:34
  [SPEAKER_00]: If that President falls, Powell's firing could be a lot easier.
• 3:40
  [SPEAKER_00]: If the court's sides would trump, it could set a precedent for firing power future Fed shares more easily.
• 3:46
  [SPEAKER_00]: Right now what Trump is doing.
• 3:49
  [SPEAKER_00]: is he's relying on good ol' fashion, political pressure, ramping up, public, congressional pressure, urging Republican lawmakers to grill Powell and hearings calling for his resignation on true social.
• 4:01
  [SPEAKER_00]: So bottom line right now Trump can't just snap his fingers and fire Powell unless the courts give him that authority.
• 4:10
  [SPEAKER_00]: But he can make Powell's life very uncomfortable and keep the pressure on until Powell either resigns or his term ends in twenty twenty six.
• 4:19
  [SPEAKER_00]: So if that's the case, what can we expect from Trump's latest move here?
• 4:24
  [SPEAKER_00]: Well, if Powell resigns, Trump gets to nominate a new Fed chair.
• 4:28
  [SPEAKER_00]: likely someone who shares his America first vision and is committed to cutting interest rates to boost the economy and already a lot of people are pointing to the likes of Scott Basin the amazing Treasury Secretary's one hundred percent on board with Trump's America first economic policies.
• 4:46
  [SPEAKER_00]: If Powell stays
• 4:48
  [SPEAKER_00]: Trump is going to keep up the attacks.
• 4:50
  [SPEAKER_00]: He's going to use Powell's a symbol of everything wrong with the old guard in Washington and this will fire up Trump space and keep the economy front and center for the upcoming midterm elections.
• 5:02
  [SPEAKER_00]: If the Supreme Court rules for Trump, Powell's gone, Trump will fire him in a heartbeat.
• 5:08
  [SPEAKER_00]: Either way, Trump's announcement puts massive pressure on the Fed to start lowering rates and signals to voters that he is the only candidate willing to take on the entrenched establishment to fight for American prosperity.
• 5:23
  [SPEAKER_00]: So why should this matter to you?
• 5:26
  [SPEAKER_00]: What's because the Fed's decisions on interest rates impact everything?
• 5:29
  [SPEAKER_00]: They impact your mortgage, car loan, your credit cards, your job,
• 5:35
  [SPEAKER_00]: Lower interest rates means more money in your pocket and more opportunities.
• 5:40
  [SPEAKER_00]: for American families and businesses.
• 5:42
  [SPEAKER_00]: So Trump's message is simple.
• 5:44
  [SPEAKER_00]: If you want a booming economy, you need bold leadership at the Fed, not more the same failed policies.
• 5:52
  [SPEAKER_00]: So let me know what you think.
• 5:53
  [SPEAKER_00]: Should Powell resign?
• 5:55
  [SPEAKER_00]: Should the President have the power to fire the Fed chair of their hurting the economy, drop your thoughts in the comments below and make sure you do not forget to like and subscribe and hit that bell for the latest updates.
• 6:06
  [SPEAKER_00]: The fight
• 6:08
  [SPEAKER_00]: for America's economic future is on.
• 6:11
  [SPEAKER_00]: God bless.
• 6:13
  [SPEAKER_00]: Thanks so much for listening to this episode of The Turley Talks Podcast.
• 6:17
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• 6:22
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• 6:25
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• 6:30
  [SPEAKER_00]: Come back again tomorrow for another episode celebrating the rise of a new conservative age.