On Saturday, a panel on MSNBC’s “Up with David Gura,” weighed in on President Donald Trump’s latest attempts to strong-arm Federal Reserve Chairman Jerome Powell into squeezing interest rates — and the real reason he might be so obsessed with this issue.
“There is a case for the fed to lower interest rates or take back that rate hike from December,” said CNBC analyst Ron Insana. “What the president is suggesting, and now one of his nominees is suggesting, is that rates should be back at zero. That’s for extreme duress. That’s what we saw in the great financial crisis, as you know, in 2008 and 2009. There is no reason to get aggressive about pushing interest rates lower, and this morning, last night, the president said that the Fed is the biggest problem facing the U.S. economy. That is just utterly absurd. The Fed has been extraordinarily responsible.”
“What I worry about most, David, is the president packing the Fed with sycophants and ideologues who are going to do his bidding,” he added.
“It’s him saying, you know what? I know that in my sector of the economy, low rates are extremely good. That’s the way he sees the world,” said Sunday Civics host L. Joy Williams.
“That’s real estate,” agreed Gura.
“I think when he talks about the economy … he’s not talking about it in terms of the average person or the average household,” said Williams. “He’s talking about people that he knows, real estate folks, big corporations. When he’s talking about preserving jobs, he’s talking about keeping companies or corporations here that would be so benevolent that they would give you a job. So that is how he sees the economy, and not necessarily on the skills gap or the squeeze that others are feeling.”
“And let us understand one salient point,” added Insana. “The Trump Organization itself has $340 million in adjustable rate debt, and if rates go up, that will hurt them as well.”
New testimony adds 2 stunning — and previously unknown — details about the Ukraine extortion
New testimony released Monday from the House Intelligence Committee’s investigation of the Ukraine scandal included at least two new stunning details about the quid pro quo scheme at the heart of the matter.
Overall, the transcripts for depositions of Catherine Croft and Christopher Anderson, who were advisers to U.S. envoy Kurt Volker, built on the story of that we already know: that President Donald Trump pushed a shadow foreign policy to pressure Ukraine into investigating his political opponents, a scheme that involved using his office and military aid as leverage over the country in opposition to the official policy.
Trump blasted for his ‘Endorsement of Doom’ after Sean Spicer loses on ‘Dancing with the Stars’
Team Trump had gone all in urging supporters to vote for former White House press secretary Sean Spicer on the game show "Dancing with the Stars."
Votes had been urged by RNC officials and Trump himself had urged his 66 million Twitter followers to vote for Spicer.
Despite the full heft of the Trump campaign, Spicer lost on Monday's show.
Trump deleted his failed tweet urging votes for Spicer -- and instead said it was a "great try" by his former advisor.
Looks like this endorsement was as successful as your last one!
‘He’s misunderstood’: Nikki Haley tells Fox News how Trump is actually a really good listener
Former Ambassador to the U.N. Nikki Haley defended President Donald Trump during a Monday appearance with Fox News personality Sean Hannity.
Hannity asked the former South Carolina governor if Trump was "misunderstood."
"I do think he’s misunderstood," Haley replied.
"I can tell you, from the first day to the last day that I worked for the president, he always listened, he was always conscious of hearing other voices, allowing people to debate out the issues, and then he made his decision," Haley claimed.
She argued that, "I saw a president that was very thoughtful, looked at all of the issues, made decisions, and it was a pleasure and honor to work with him."