1 00:00:00,960 --> 00:00:03,360 Speaker 1: But I never want to hurt our farmers. Our farmers 2 00:00:03,400 --> 00:00:04,120 Speaker 1: are great people. 3 00:00:04,920 --> 00:00:08,200 Speaker 2: They keep us happy and healthy. In fact, you're listening 4 00:00:08,240 --> 00:00:11,240 Speaker 2: to the forty seven Morning Update with Ben Ferguson. 5 00:00:11,280 --> 00:00:14,040 Speaker 3: Good Saturday morning to you, Ben Ferguson with you, and 6 00:00:14,200 --> 00:00:16,000 Speaker 3: these are some of the stories that you may have 7 00:00:16,000 --> 00:00:18,239 Speaker 3: missed that we talked about this week on the forty 8 00:00:18,280 --> 00:00:22,159 Speaker 3: seven Morning Update. First up, in a shocking move, a 9 00:00:22,280 --> 00:00:27,960 Speaker 3: major TV network is now helping warn individuals where ICE 10 00:00:28,200 --> 00:00:31,480 Speaker 3: agents are so that they can get away from being 11 00:00:31,520 --> 00:00:35,600 Speaker 3: held accountable for breaking our laws. Who's doing it? We'll 12 00:00:35,600 --> 00:00:39,360 Speaker 3: expose that coming up as well. Also, what made it 13 00:00:39,440 --> 00:00:42,120 Speaker 3: into the bill that is now headed back to the 14 00:00:42,159 --> 00:00:45,080 Speaker 3: House from the Senate. I break it all down for 15 00:00:45,159 --> 00:00:48,000 Speaker 3: you and I'll have all those details for you about 16 00:00:48,040 --> 00:00:50,920 Speaker 3: exactly what made it in this bill in just a moment. 17 00:00:51,080 --> 00:00:54,040 Speaker 3: And finally, we also now know that the President saying 18 00:00:54,040 --> 00:00:56,760 Speaker 3: it's time for the FED chair Jerome Powell to be 19 00:00:56,920 --> 00:01:00,560 Speaker 3: gone to resign, and he's got two or three choices 20 00:01:00,720 --> 00:01:04,920 Speaker 3: to replace the FED chairman, which could save Americans literally 21 00:01:05,120 --> 00:01:09,200 Speaker 3: trillions of dollars in interests. I'll give you those details 22 00:01:09,240 --> 00:01:11,920 Speaker 3: in a moment. It's the forty seven morning update and 23 00:01:12,080 --> 00:01:13,520 Speaker 3: it starts right now. 24 00:01:13,720 --> 00:01:14,720 Speaker 2: Story number one. 25 00:01:14,880 --> 00:01:19,040 Speaker 3: The media yet again putting ICE agents lives at risk, 26 00:01:19,480 --> 00:01:24,560 Speaker 3: this time CNN featuring a segment on ice Block. It 27 00:01:24,680 --> 00:01:28,880 Speaker 3: is an app that lets users anonymously crowd source ICE 28 00:01:29,120 --> 00:01:33,319 Speaker 3: agents sidings across a mapp and send alerts to others 29 00:01:33,319 --> 00:01:37,880 Speaker 3: within a five mile radius. Now, the app's creator framed 30 00:01:37,959 --> 00:01:41,480 Speaker 3: as a quote harmless early warning system to help people 31 00:01:41,520 --> 00:01:46,640 Speaker 3: avoid ICE, not to incite violence against the agents. Ice 32 00:01:46,680 --> 00:01:51,400 Speaker 3: Block enforces constraints, they claim as well, one post every 33 00:01:51,440 --> 00:01:55,680 Speaker 3: five minutes, auto deletion after four hours, and explicitly recommends 34 00:01:55,760 --> 00:02:00,120 Speaker 3: users not interfere with officers. That's their get out a 35 00:02:00,200 --> 00:02:03,880 Speaker 3: jail free card. Apparently. The White House Press Secretary Caroline 36 00:02:03,960 --> 00:02:08,480 Speaker 3: Levitt accusing CNN of encouraging violence by publicizing the app, 37 00:02:08,960 --> 00:02:13,079 Speaker 3: especially amid a reported five hundred percent surge in assaults 38 00:02:13,120 --> 00:02:18,000 Speaker 3: on ICE agents nationwide. The acting ICE Director called CNN's 39 00:02:18,040 --> 00:02:22,600 Speaker 3: coverage quote reckless and irresponsible, warning that it paints a 40 00:02:22,840 --> 00:02:27,280 Speaker 3: target on federal law enforcement officers. Backs and Tom Homan, 41 00:02:27,440 --> 00:02:31,040 Speaker 3: the former ICE Director, and the current borders are branded 42 00:02:31,080 --> 00:02:34,560 Speaker 3: the app is simply disgusting, and urge the DOJ to 43 00:02:34,720 --> 00:02:38,840 Speaker 3: investigate CNN's role in all of this. I want you 44 00:02:38,919 --> 00:02:41,280 Speaker 3: to hear more of what Tom Holman had to say 45 00:02:41,400 --> 00:02:43,440 Speaker 3: on Fox News Channel about this. 46 00:02:44,919 --> 00:02:47,840 Speaker 1: Well, this next story is outrageous. A new iPhone app 47 00:02:47,919 --> 00:02:51,000 Speaker 1: is a learning people about ice sightings in their area. 48 00:02:51,240 --> 00:02:53,840 Speaker 1: As if that's not bad enough, CNN it appears to 49 00:02:53,840 --> 00:02:56,600 Speaker 1: be promoting the app, talking to the creator and doing 50 00:02:56,600 --> 00:02:59,520 Speaker 1: a whole story on him that is not sitting well 51 00:02:59,560 --> 00:03:04,560 Speaker 1: with my name borders our time home and joins me. Now, Tom, 52 00:03:04,720 --> 00:03:07,440 Speaker 1: they've crossed the line here. This is out of control. 53 00:03:08,120 --> 00:03:10,560 Speaker 4: I know. It's just simply disgusting, and any network that 54 00:03:10,600 --> 00:03:13,680 Speaker 4: covers that is disgusting as well. So I'm hoping DOJ 55 00:03:13,840 --> 00:03:15,560 Speaker 4: steps in here and see if they cross side line 56 00:03:15,560 --> 00:03:18,720 Speaker 4: and I'm impeding federal law enforcement ofshiers. Look, Lawrence, you're 57 00:03:18,760 --> 00:03:21,200 Speaker 4: not talking about this pasult again. SIS is up over 58 00:03:21,240 --> 00:03:24,040 Speaker 4: five percent. Now you've got an app that's going to 59 00:03:24,040 --> 00:03:26,919 Speaker 4: tell where ice operators are going to be. It's only 60 00:03:26,919 --> 00:03:29,119 Speaker 4: a matter of time where ice ages are ambushed by 61 00:03:29,160 --> 00:03:31,640 Speaker 4: some nut like we're happening in LA throwing them out 62 00:03:31,720 --> 00:03:34,680 Speaker 4: top cocktail, throwing bricks, and these officers, this is just 63 00:03:34,760 --> 00:03:37,400 Speaker 4: this is just disgusting at every level. So I hope 64 00:03:37,440 --> 00:03:40,520 Speaker 4: DOJ dives in this deeply because you know, Ice is 65 00:03:40,600 --> 00:03:43,480 Speaker 4: constant on public safety threats and national security threads. This 66 00:03:43,600 --> 00:03:45,680 Speaker 4: shouldn't be a partisan issue. There shouldn't be an issue 67 00:03:45,720 --> 00:03:49,800 Speaker 4: anybody's is against. So they're already a dangerous jibe going 68 00:03:49,840 --> 00:03:51,600 Speaker 4: after the worst and worst. These guys are putting their 69 00:03:51,640 --> 00:03:53,640 Speaker 4: lives on the line every day, going after the worst 70 00:03:53,680 --> 00:03:56,520 Speaker 4: and worst internationalecurity threat, and this app makes it that 71 00:03:56,720 --> 00:04:00,600 Speaker 4: much more dangerous. It's it's incredible that those who force law, 72 00:04:00,840 --> 00:04:02,320 Speaker 4: all of a sudden, they're the bad guys you wanted 73 00:04:02,360 --> 00:04:05,000 Speaker 4: to break the law. They're victims. It's disgusting. Why was 74 00:04:05,080 --> 00:04:07,400 Speaker 4: seeing INN promote this? Why would they do a story 75 00:04:07,440 --> 00:04:10,480 Speaker 4: on this? I can't figure it out. I've look I've 76 00:04:10,480 --> 00:04:12,600 Speaker 4: been doing this for four decades. I've never seen anything 77 00:04:12,600 --> 00:04:14,600 Speaker 4: like this in my life. You know, it's got to 78 00:04:14,640 --> 00:04:17,279 Speaker 4: be they hate Trump more than love law enforcement or 79 00:04:17,920 --> 00:04:20,720 Speaker 4: I can't figure it out, but something needs to be done. 80 00:04:20,839 --> 00:04:24,240 Speaker 4: I mean, you advertise this guy's app on a national 81 00:04:24,240 --> 00:04:27,840 Speaker 4: TV network, This is going to bring more followers, sick 82 00:04:27,920 --> 00:04:30,760 Speaker 4: followers to the app and use it again, letting the 83 00:04:30,839 --> 00:04:34,920 Speaker 4: bad guy no Ice is coming. They're here. Here's where 84 00:04:34,920 --> 00:04:37,760 Speaker 4: they're going next. This is dangerous for the men and 85 00:04:37,800 --> 00:04:38,760 Speaker 4: women law enforcement. 86 00:04:39,000 --> 00:04:40,400 Speaker 1: So true, Tom, I want to. 87 00:04:40,320 --> 00:04:44,160 Speaker 3: Get Tom Homan clearly slamming CNN for promoting the ice 88 00:04:44,200 --> 00:04:46,839 Speaker 3: tracking app and now is saying maybe it's time for 89 00:04:47,040 --> 00:04:50,440 Speaker 3: law enforcement, the DOJ to step in here and see 90 00:04:50,480 --> 00:04:54,840 Speaker 3: if they cross the line impeding federal law enforcement officers 91 00:04:55,400 --> 00:04:58,640 Speaker 3: yet again, another example of how the Left is doing 92 00:04:58,680 --> 00:05:02,680 Speaker 3: everything they can to protect to legal immigrants and put 93 00:05:02,720 --> 00:05:04,400 Speaker 3: American lives at risk. 94 00:05:05,000 --> 00:05:06,320 Speaker 2: Next story number two. 95 00:05:06,720 --> 00:05:10,000 Speaker 3: Now you may be asking yourself what is actually in 96 00:05:10,080 --> 00:05:13,200 Speaker 3: this bill that has left the Senate. Let me give 97 00:05:13,240 --> 00:05:16,720 Speaker 3: you that list because it's an important one. Number one, 98 00:05:17,120 --> 00:05:20,680 Speaker 3: this bill delivers the largest tax cut in history of 99 00:05:20,720 --> 00:05:25,240 Speaker 3: the United States of America for middle and working class Americans. 100 00:05:25,960 --> 00:05:30,920 Speaker 3: Bigger paychecks of ten thousand dollars more in annual take 101 00:05:30,960 --> 00:05:35,400 Speaker 3: home pay for families as well, a massive campaign idea 102 00:05:35,440 --> 00:05:40,160 Speaker 3: is now reality. No tax on tips, which will expand 103 00:05:40,279 --> 00:05:44,440 Speaker 3: middle class America like we've never seen before. We also 104 00:05:44,520 --> 00:05:47,440 Speaker 3: are going to reward people that work hard with no 105 00:05:47,680 --> 00:05:52,839 Speaker 3: tax on overtime, incentivizing people to work more to get ahead, 106 00:05:53,720 --> 00:05:56,440 Speaker 3: and something that should have happened a long time ago. 107 00:05:57,080 --> 00:06:02,440 Speaker 3: No tax on social Security, giving more security to seniors, 108 00:06:03,000 --> 00:06:07,240 Speaker 3: especially when cost of living has skyrocketed. We also have 109 00:06:07,320 --> 00:06:11,800 Speaker 3: no tax on made and America auto loans. Let me 110 00:06:11,880 --> 00:06:16,480 Speaker 3: say that again, no tax on made in America auto loans, 111 00:06:16,520 --> 00:06:20,760 Speaker 3: which will help prop up American made automobiles and incentivize 112 00:06:20,800 --> 00:06:24,200 Speaker 3: Americans to look at America first. It will also help 113 00:06:24,240 --> 00:06:30,200 Speaker 3: with massive amounts of manufacturing jobs, keeping Americans working in manufacturing. 114 00:06:30,920 --> 00:06:35,960 Speaker 3: It also protects two million family farms from punitive double taxation, 115 00:06:36,600 --> 00:06:40,479 Speaker 3: something that's been a huge problem in this country. Permanent 116 00:06:40,640 --> 00:06:44,279 Speaker 3: increases to the child tax credit. Let me say that again, 117 00:06:45,120 --> 00:06:49,279 Speaker 3: permanent increases to the child tax credit, supporting over forty 118 00:06:50,080 --> 00:06:54,440 Speaker 3: million American families. Also, a vote against this bill is 119 00:06:54,480 --> 00:06:58,440 Speaker 3: a vote for the largest tax increase in history, something 120 00:06:58,480 --> 00:07:00,920 Speaker 3: that Republicans did a very good job of selling to 121 00:07:00,960 --> 00:07:05,040 Speaker 3: the American people. It also, in this bill rescinded billions 122 00:07:05,080 --> 00:07:10,080 Speaker 3: in green news scam funding, which Doge and the Trump 123 00:07:10,160 --> 00:07:15,200 Speaker 3: administration had exposed in the last several months. It restores 124 00:07:15,480 --> 00:07:21,360 Speaker 3: fiscal sanity, slashing deficits by roughly two trillion dollars. Yes, 125 00:07:21,400 --> 00:07:23,280 Speaker 3: there are many in the House that want more than that, 126 00:07:23,520 --> 00:07:26,560 Speaker 3: and we'll have to see what happens moving forward. We 127 00:07:26,680 --> 00:07:30,520 Speaker 3: also know that this bill eliminated waste, fraud, and abuse 128 00:07:30,640 --> 00:07:34,560 Speaker 3: from the bloated federal programs that we have now been 129 00:07:34,600 --> 00:07:41,080 Speaker 3: exposing through DOGE and permanently securing our southern and northern borders, 130 00:07:41,440 --> 00:07:44,760 Speaker 3: something the President said needed to be in this bill. 131 00:07:45,400 --> 00:07:47,960 Speaker 3: We also know that this bill deports at least one 132 00:07:48,240 --> 00:07:52,880 Speaker 3: million illegal aliens a year. Yes, that is also in 133 00:07:52,880 --> 00:07:56,880 Speaker 3: the bill, and it makes the largest investment in border 134 00:07:56,960 --> 00:08:01,600 Speaker 3: security in an entire generation, providing nearly one hundred and 135 00:08:01,640 --> 00:08:06,520 Speaker 3: fifty billion to secure our border and also to deport 136 00:08:06,560 --> 00:08:10,680 Speaker 3: illegal aliens, which the American people voted for. The bill 137 00:08:10,760 --> 00:08:15,280 Speaker 3: also includes finishing Phase two of the border wall, something 138 00:08:15,320 --> 00:08:19,080 Speaker 3: Donald Trump campaigned on back all the way in twenty sixteen, 139 00:08:19,960 --> 00:08:23,800 Speaker 3: and it shifts the cost of adjudication in the immigration 140 00:08:24,040 --> 00:08:29,120 Speaker 3: system from the American taxpayer to the illegal aliens. We 141 00:08:29,240 --> 00:08:32,439 Speaker 3: also know that we're hiring it because of this bill, 142 00:08:33,080 --> 00:08:38,640 Speaker 3: hiring ten thousand new ice agents, more than five thousand 143 00:08:39,160 --> 00:08:44,960 Speaker 3: customs officers, and more than three thousand new border patrol agents, 144 00:08:45,280 --> 00:08:49,000 Speaker 3: yet again sending a message to the cartels and terrorists 145 00:08:49,040 --> 00:08:50,800 Speaker 3: that you don't want to try to sneak in to 146 00:08:50,880 --> 00:08:54,880 Speaker 3: the United States of America or ship your drugs into 147 00:08:54,880 --> 00:08:59,200 Speaker 3: this country, because we're coming for you. There's also funds 148 00:08:59,320 --> 00:09:03,319 Speaker 3: for the goal Golden Dome Missile Defense System to confront 149 00:09:03,400 --> 00:09:06,960 Speaker 3: the twenty first century threats, something the President and the 150 00:09:07,000 --> 00:09:11,240 Speaker 3: DoD talked about extensively with the American people. We know 151 00:09:11,360 --> 00:09:13,600 Speaker 3: that we need to put America first when it comes 152 00:09:13,640 --> 00:09:17,040 Speaker 3: to our national security, and that's exactly why the funds 153 00:09:17,080 --> 00:09:20,360 Speaker 3: were included in this bill for the Golden Dome Missile 154 00:09:20,400 --> 00:09:24,120 Speaker 3: Defense System. We also know the bill delivers the largest 155 00:09:24,600 --> 00:09:28,120 Speaker 3: coast guard upgrade since World War Two. Why are we 156 00:09:28,200 --> 00:09:31,400 Speaker 3: doing that? Because that's where the fetinyl is coming into 157 00:09:31,400 --> 00:09:35,840 Speaker 3: this country and the criminal cartels are clearly exploiting our 158 00:09:35,960 --> 00:09:40,560 Speaker 3: open seas. Now we will have the largest coastguard upgrade 159 00:09:40,600 --> 00:09:43,559 Speaker 3: that we've had since World War Two, something that needed 160 00:09:43,559 --> 00:09:48,840 Speaker 3: to happen decades ago. Finally, the bill modernized our military 161 00:09:49,040 --> 00:09:52,480 Speaker 3: to ensure it has the resources to be ready and 162 00:09:53,160 --> 00:09:57,240 Speaker 3: encourages a lethal fighting force after four years of weakness 163 00:09:57,360 --> 00:10:02,400 Speaker 3: by the Biden administration. We follow behind China, but ninety longer. 164 00:10:02,880 --> 00:10:08,360 Speaker 3: It also ends Biden's war on American energy and drives 165 00:10:08,400 --> 00:10:11,520 Speaker 3: down energy costs, something that was important in this bill 166 00:10:11,559 --> 00:10:13,960 Speaker 3: to make sure that we as a nation are in 167 00:10:14,000 --> 00:10:18,680 Speaker 3: fact energy independent, something that the prior administration did everything 168 00:10:18,720 --> 00:10:21,720 Speaker 3: they could to make sure that we were weak as 169 00:10:21,760 --> 00:10:27,480 Speaker 3: a nation. And it also unleashes domestic oil, domestic gas, 170 00:10:27,920 --> 00:10:32,440 Speaker 3: as well as nuclear power, restoring what made America great 171 00:10:32,600 --> 00:10:36,199 Speaker 3: all along, the ability to function without relying on Middle 172 00:10:36,200 --> 00:10:40,720 Speaker 3: Eastern countries or anyone else that's producing oil around the world, 173 00:10:40,840 --> 00:10:44,040 Speaker 3: including places like Russia. So if you want to know 174 00:10:44,080 --> 00:10:49,000 Speaker 3: what's in this America first, this big, this beautiful bill, 175 00:10:49,440 --> 00:10:52,360 Speaker 3: well here's what's in it. Now it moves back to 176 00:10:52,400 --> 00:10:56,120 Speaker 3: the House and hopefully it will be moving within days 177 00:10:56,200 --> 00:10:57,840 Speaker 3: to the President's desk. 178 00:10:58,200 --> 00:10:59,560 Speaker 2: And here is story number three. 179 00:11:00,080 --> 00:11:03,880 Speaker 3: We also know this. The President is also moving on 180 00:11:04,000 --> 00:11:10,000 Speaker 3: to other major issues. For example, Donald Trump is calling 181 00:11:10,120 --> 00:11:15,520 Speaker 3: for the Fed Chair Powell to quit quote immediately. Trump 182 00:11:15,640 --> 00:11:19,520 Speaker 3: is ramping up the pressure on Powell, urging lower interest 183 00:11:19,600 --> 00:11:24,360 Speaker 3: rates against the Federal Reserve Chair's continued opposition the president 184 00:11:24,400 --> 00:11:28,040 Speaker 3: making it clear that it's time for him to quote resign. 185 00:11:28,679 --> 00:11:32,000 Speaker 3: In a true Social post on Wednesday in the late afternoon, 186 00:11:32,520 --> 00:11:37,000 Speaker 3: Trump said too late, should resign immediately. He also linked 187 00:11:37,000 --> 00:11:40,559 Speaker 3: to a Bloomberg story headline that says FED chair should 188 00:11:40,640 --> 00:11:46,520 Speaker 3: be investigated by Congress. The FHSA head is now saying 189 00:11:47,360 --> 00:11:50,360 Speaker 3: Powell was nominated by Trump to lead the FED during 190 00:11:50,360 --> 00:11:54,400 Speaker 3: the first administration. Joe Biden, who succeeded Trump as President, 191 00:11:54,520 --> 00:11:57,800 Speaker 3: nominated him for a second term. His tenure as the 192 00:11:57,840 --> 00:12:02,400 Speaker 3: FED chair is set to end of twenty twenty six, 193 00:12:02,960 --> 00:12:06,079 Speaker 3: and Trump is ramping up pressure, saying I don't want 194 00:12:06,080 --> 00:12:10,480 Speaker 3: to wait on Jerome Powell's tenure to end, issuing a 195 00:12:10,520 --> 00:12:13,640 Speaker 3: call for lower interest rates against the Federal Reserve Chair 196 00:12:14,240 --> 00:12:18,520 Speaker 3: and continued opposition and calling out the failure of the 197 00:12:18,559 --> 00:12:24,480 Speaker 3: Fed's monetary policy. For instance, earlier this week, Donald Trump 198 00:12:24,520 --> 00:12:29,080 Speaker 3: posted this, Jerome too late. Powell and his entire board 199 00:12:29,280 --> 00:12:32,000 Speaker 3: should be ashamed of themselves for allowing this to happen 200 00:12:32,040 --> 00:12:35,080 Speaker 3: in the United States of America. They have one of 201 00:12:35,080 --> 00:12:40,080 Speaker 3: the easiest yet most prestigious jobs in America, and they've failed, 202 00:12:40,320 --> 00:12:43,719 Speaker 3: and they continue to do so, saying this, If they 203 00:12:43,720 --> 00:12:46,800 Speaker 3: were doing their job properly, our country would be saving 204 00:12:46,960 --> 00:12:51,520 Speaker 3: trillions of dollars in interest costs. The board just sits 205 00:12:51,559 --> 00:12:55,120 Speaker 3: there and watches, so they are equally to blame. We 206 00:12:55,160 --> 00:12:58,480 Speaker 3: should be paying one percent interest or better now The 207 00:12:58,559 --> 00:13:02,040 Speaker 3: post preceded Trump's letter to Powell urging him to lower 208 00:13:02,080 --> 00:13:05,120 Speaker 3: interest rates. The White House Press Secretary Caroline Levitt told 209 00:13:05,160 --> 00:13:09,360 Speaker 3: reporters on Monday. Pallis stated that the Fed's decision to 210 00:13:09,400 --> 00:13:13,760 Speaker 3: hold off on dropping your interest rates owes much to 211 00:13:13,920 --> 00:13:18,320 Speaker 3: concern about the possible impacts of quote tariffs on inflation 212 00:13:19,120 --> 00:13:23,400 Speaker 3: that coming from CBS News Now reports say he's waiting 213 00:13:23,440 --> 00:13:26,240 Speaker 3: to see how the Trump tearor policy quote plays out 214 00:13:26,840 --> 00:13:30,439 Speaker 3: and what it ultimately does to the US economy before 215 00:13:30,480 --> 00:13:35,520 Speaker 3: making interest rate adjustments. Powell has specifically said he wants 216 00:13:35,600 --> 00:13:40,880 Speaker 3: to see longer term impacts, if any, on consumer pricing. 217 00:13:41,520 --> 00:13:43,880 Speaker 3: So I tell you that story to just make it 218 00:13:44,000 --> 00:13:47,160 Speaker 3: very clear there could be some big changes coming very soon. 219 00:13:47,720 --> 00:13:50,400 Speaker 3: But it also tells you about the confidence that the 220 00:13:50,440 --> 00:13:53,320 Speaker 3: President has that by the time many of you hear this, 221 00:13:54,080 --> 00:13:57,520 Speaker 3: he will already have the biggest tax cut that we've 222 00:13:57,559 --> 00:14:01,640 Speaker 3: seen in our lifetime and turn it into a reality. 223 00:14:02,120 --> 00:14:05,640 Speaker 3: So what does that mean moving forward, Well, it means 224 00:14:05,679 --> 00:14:09,720 Speaker 3: we could see some pretty big changes here. The President 225 00:14:09,800 --> 00:14:12,120 Speaker 3: even moving forward to say there are quote two or 226 00:14:12,160 --> 00:14:17,240 Speaker 3: three choices to replace the FED chairman and saying on Tuesday, yes, 227 00:14:17,640 --> 00:14:20,640 Speaker 3: I'm ready to go. When asked to board Air Force 228 00:14:20,760 --> 00:14:23,280 Speaker 3: one whether he has a top choice to succeed your 229 00:14:23,320 --> 00:14:27,560 Speaker 3: own Powell, Trump said exactly this, I have two or 230 00:14:27,600 --> 00:14:31,520 Speaker 3: three top choices. He declined to give any further information, 231 00:14:31,920 --> 00:14:35,000 Speaker 3: yet again showing how much Donald Trump's ready to move on. 232 00:14:35,840 --> 00:14:38,600 Speaker 3: We also know that The Wall Street Journal reported last 233 00:14:38,600 --> 00:14:42,360 Speaker 3: week that Trump is considering the former FED Governor Kevin 234 00:14:42,400 --> 00:14:48,960 Speaker 3: Walsh and National Economic Council Director Kevin Hassett as replacements. Also, 235 00:14:49,160 --> 00:14:52,640 Speaker 3: Treasury Secretary of Scott descent is also being pitched as 236 00:14:52,640 --> 00:14:56,600 Speaker 3: a potential candidate that according to The Wall Street Journal, which 237 00:14:56,640 --> 00:15:01,600 Speaker 3: also listed former World Bank President and FED Governor Christopher 238 00:15:01,640 --> 00:15:05,560 Speaker 3: Waller as potential nominees. Now courting the Wall Street Journal, 239 00:15:05,640 --> 00:15:08,920 Speaker 3: Trump is toyed with the idea of selecting and announcing 240 00:15:08,920 --> 00:15:13,400 Speaker 3: a replacement as early as September or October. However, the 241 00:15:13,520 --> 00:15:16,680 Speaker 3: sent told Bloomberg TV on Monday that the Trump administration 242 00:15:16,800 --> 00:15:20,240 Speaker 3: is considering using the next expected Federal Reserve Border governor's 243 00:15:20,360 --> 00:15:24,400 Speaker 3: vacancy in early twenty twenty six to appoint a successor. 244 00:15:24,840 --> 00:15:27,560 Speaker 3: Now since returned to the White House in January, Trump 245 00:15:27,640 --> 00:15:31,000 Speaker 3: has criticized Powell, as well as other Fed governors for 246 00:15:31,120 --> 00:15:35,280 Speaker 3: declining not to lower interest rates, which are currently in 247 00:15:35,320 --> 00:15:38,320 Speaker 3: the four point twenty five to four point five zero range. 248 00:15:38,760 --> 00:15:43,200 Speaker 3: FED chairs have long seen as insulated from presidential dismissal 249 00:15:43,240 --> 00:15:47,840 Speaker 3: for reasons other than malfeasan's or misconduct. That Trump is 250 00:15:47,880 --> 00:15:51,720 Speaker 3: threatened to test the legal premise with frequent threats to 251 00:15:51,920 --> 00:15:56,320 Speaker 3: fire Jerome Powell now Supreme Court ruling in May by 252 00:15:56,320 --> 00:16:00,200 Speaker 3: the way, he's concerns that Trump could fire Powell, as 253 00:16:00,240 --> 00:16:05,000 Speaker 3: the Justice called the FED quote a uniquely structured quasi 254 00:16:05,240 --> 00:16:09,600 Speaker 3: private entity. So that leaves us at this point where 255 00:16:09,640 --> 00:16:12,760 Speaker 3: the president's clearly saying he believes Jerome Power on this 256 00:16:13,000 --> 00:16:15,680 Speaker 3: board are the wrong people for the job, and he 257 00:16:15,720 --> 00:16:18,840 Speaker 3: wants to move as quickly as possible to move the 258 00:16:18,880 --> 00:16:21,800 Speaker 3: country in the right direction. He also has made it 259 00:16:21,840 --> 00:16:26,840 Speaker 3: clear that lower interest rates save you countless dollars in interests, 260 00:16:26,840 --> 00:16:30,880 Speaker 3: something that's good he believes for the economy. So if 261 00:16:30,920 --> 00:16:33,160 Speaker 3: you want to know what's happening right now at the 262 00:16:33,200 --> 00:16:36,840 Speaker 3: White House, it's pretty clear the present's getting ready for 263 00:16:36,960 --> 00:16:40,560 Speaker 3: a very big Fourth of July celebration, and it's one 264 00:16:40,600 --> 00:16:44,080 Speaker 3: that is going to give you a huge advantage in 265 00:16:44,120 --> 00:16:47,720 Speaker 3: your pocket book and He's not done there. He's also 266 00:16:47,800 --> 00:16:51,160 Speaker 3: now looking to lower interest rates for you as well, 267 00:16:51,640 --> 00:16:54,840 Speaker 3: and that is exactly what the America First Agenda that 268 00:16:54,960 --> 00:16:58,040 Speaker 3: Donald Trump promised you looks like as we go into 269 00:16:58,080 --> 00:16:58,840 Speaker 3: the fourth of July. 270 00:16:59,120 --> 00:17:01,760 Speaker 2: Thank you for listening to the forty seven Morning Update 271 00:17:01,880 --> 00:17:05,960 Speaker 2: with Ben Ferguson. Please make sure you hit subscribe wherever 272 00:17:06,040 --> 00:17:09,080 Speaker 2: you're listening to this podcast right now and for more 273 00:17:09,080 --> 00:17:12,879 Speaker 2: in depth news, also subscribe to the Ben Ferguson podcast 274 00:17:13,080 --> 00:17:15,480 Speaker 2: and we will see you back here on Monday morning.