1 00:00:00,080 --> 00:00:02,840 Speaker 1: Of all the nutty stuff Trump is up to at 2 00:00:02,840 --> 00:00:04,960 Speaker 1: the moment, the most agreevous I think is the DOJ. 3 00:00:05,280 --> 00:00:08,959 Speaker 1: Powell investigation. Now, Jerome Powell I have got not one 4 00:00:08,960 --> 00:00:11,800 Speaker 1: shadow of doubt, makes, along with his board members, decisions 5 00:00:11,840 --> 00:00:15,000 Speaker 1: based on traditional economic or monetary thinking. Trump does not. 6 00:00:15,080 --> 00:00:16,919 Speaker 1: Of course. Of course, you can debate, as we have 7 00:00:17,000 --> 00:00:18,880 Speaker 1: in this country, whether a governor or a chair or 8 00:00:18,880 --> 00:00:20,680 Speaker 1: a central bank is doing the right thing or a 9 00:00:20,680 --> 00:00:23,079 Speaker 1: good thing. But what you don't do is weaponize the 10 00:00:23,120 --> 00:00:26,159 Speaker 1: law to hunt them down. The central bank's independence is 11 00:00:26,200 --> 00:00:28,560 Speaker 1: the cornerstone of how a lot of the world's economy works. 12 00:00:28,600 --> 00:00:31,480 Speaker 1: It matters, which is why so many central bank chiefs 13 00:00:31,840 --> 00:00:33,519 Speaker 1: came out in defense of Pale, one of which was 14 00:00:33,560 --> 00:00:37,000 Speaker 1: our newlymitted governor, doctor Bremer. She is now, it seems, 15 00:00:37,800 --> 00:00:41,280 Speaker 1: in trouble. Winston I didn't take that seriously, actually, But 16 00:00:41,320 --> 00:00:44,080 Speaker 1: Willis I do, and together I most certainly do. Both 17 00:00:44,159 --> 00:00:46,680 Speaker 1: now have spoken out against her move. Willis says she 18 00:00:46,720 --> 00:00:50,640 Speaker 1: should have taken advice. Now Bremen says she didn't want 19 00:00:50,680 --> 00:00:53,080 Speaker 1: to wake Willis at three in the morning. Now that 20 00:00:53,120 --> 00:00:55,320 Speaker 1: in itself worries me. I've woken the boss here at 21 00:00:55,320 --> 00:00:57,639 Speaker 1: three in the morning because my computer password doesn't work, 22 00:00:57,680 --> 00:01:00,280 Speaker 1: and I would have no hesitation ringing Willie. At a 23 00:01:00,280 --> 00:01:03,880 Speaker 1: similar time, I worry about Bremen's weakness, but more importantly 24 00:01:03,920 --> 00:01:08,440 Speaker 1: advice on what Bremen is independent irony? Is the entire 25 00:01:08,480 --> 00:01:12,440 Speaker 1: debate around Powell is about independence and the defense of it. 26 00:01:13,000 --> 00:01:15,600 Speaker 1: Can Bremen now only be independent if the government says so? 27 00:01:15,720 --> 00:01:17,640 Speaker 1: Is that what's going on? And if that's the case, 28 00:01:17,680 --> 00:01:19,280 Speaker 1: how far removed from the Trump view of the world 29 00:01:19,319 --> 00:01:22,039 Speaker 1: as Peters and Willis are Willis and Peter's scared of 30 00:01:22,080 --> 00:01:24,800 Speaker 1: America and the White House? And would the advice have 31 00:01:24,880 --> 00:01:27,920 Speaker 1: been Look, obviously you're independent, but please keep in mind 32 00:01:27,959 --> 00:01:30,240 Speaker 1: we're scared witless of the nut job in Washington, so 33 00:01:30,360 --> 00:01:32,360 Speaker 1: anything you can do to stop things getting messy would 34 00:01:32,360 --> 00:01:36,640 Speaker 1: be appreciated. Or or if we are universally agree that 35 00:01:36,680 --> 00:01:39,920 Speaker 1: Bremen should have taken advice, is she in fact a 36 00:01:39,920 --> 00:01:42,640 Speaker 1: loose unit? Have we hired the wrong person, a person 37 00:01:42,640 --> 00:01:44,560 Speaker 1: who's put a foot in it having only been in 38 00:01:44,560 --> 00:01:47,400 Speaker 1: the job about fifteen minutes. So which is it? She's 39 00:01:47,440 --> 00:01:50,240 Speaker 1: independent and good honor, or she's a puppet of the 40 00:01:50,280 --> 00:01:53,880 Speaker 1: government and she's in trouble. A basically trouble waiting to happen. 41 00:01:54,800 --> 00:01:58,400 Speaker 1: Answers please. For more from the Mic Asking Breakfast, listen 42 00:01:58,480 --> 00:02:01,440 Speaker 1: live to News Talks at B from six am weekdays, 43 00:02:01,640 --> 00:02:03,680 Speaker 1: or follow the podcast on iHeartRadio