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<v Speaker 1>Old is new passes prologue off. How is this attempt

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<v Speaker 1>different than the first?

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<v Speaker 2>Well, substantively it's not. But you know, unfortunately, the Supreme

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<v Speaker 2>Court really didn't put an end to this one.

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<v Speaker 1>Of their no teeth in there and their ruling.

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<v Speaker 2>Well, the way it came up to the Supreme Court

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<v Speaker 2>was that it was on a sort of a procedural issue, right,

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<v Speaker 2>So when they issued their ruling, they said, well, at

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<v Speaker 2>a minimum, you need to give her notice and an

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<v Speaker 2>opportunity to respond to the allegations. This is the most

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<v Speaker 2>basic concept and my kind of legal due process. So,

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<v Speaker 2>you know, I thought, perhaps because the Court, when the

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<v Speaker 2>Court re shoot his decision, Trump had already managed to

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<v Speaker 2>clear the deck and get Warsh confirmed. So I thought, okay,

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<v Speaker 2>well maybe they'll sort of back off now because he

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<v Speaker 2>kind of got the political win he want wanted. But

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<v Speaker 2>evidently not, so he's still going at it.

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<v Speaker 3>When he wants ray cuts. But I do wonder why

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<v Speaker 3>not try there are other people on the board who

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<v Speaker 3>are against the ray cuts that he's calling.

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<v Speaker 2>I wonder why not try them?

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<v Speaker 4>The lady it's the black lady. Huh.

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<v Speaker 2>Yes, it's been a theme.

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<v Speaker 4>I think though at the end of the day for

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<v Speaker 4>Mss Cook, she has shown the kind of resolve in

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<v Speaker 4>this fight that is very admirable, because I think for

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<v Speaker 4>some folks they could just say, you know what, I

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<v Speaker 4>don't need this in my life. I don't need this

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<v Speaker 4>hasshole whatever I can have on my resume. I was

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<v Speaker 4>a Federal Reserve you know official. But for her, it's

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<v Speaker 4>more about the importance of standing in the ground. Her

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<v Speaker 4>attorney noted today these allegations are baseless now as they

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<v Speaker 4>were a year ago when President Trump tried to remove

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<v Speaker 4>Governor Cook and interfere with the independence of the Federal Reserve.

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<v Speaker 4>No matter what President Trump tries to do next, this

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<v Speaker 4>much is clear under the facts and Supreme Court. President

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<v Speaker 4>there is no valid costs for removing Governor Cook.

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<v Speaker 2>Period, right right, you know, look, I think in terms

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<v Speaker 2>of you know what Eugene just mentioned in particular, one

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<v Speaker 2>of the most telling early episodes of this administration was

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<v Speaker 2>when to me was when the helicopter you know, there

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<v Speaker 2>was an issue with the helicopter Reagan National and immediately

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<v Speaker 2>Trump came out and decided to blame it on DEI

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<v Speaker 2>because he when he knew nothing about what had happened, Right,

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<v Speaker 2>I mean, this is an administration that treats, you know,

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<v Speaker 2>black people, non white people, women in positions of powers

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<v Speaker 2>presumptively unqualified and presumptively on the decks for removal. The

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<v Speaker 2>only I mean, I don't know if it's the only,

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<v Speaker 2>but the majority of not all the cabinet officials. He's

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<v Speaker 2>fired women right right, And you know, the targeting of

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<v Speaker 2>black women, not just at the highest level, but within

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<v Speaker 2>the federal workforce itself as part of the firings and

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<v Speaker 2>the purges or whatever, has been a major, major issue,

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<v Speaker 2>and it's had an extraordinary effect on those people who

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<v Speaker 2>have been in the federal workforce. Lots of very good articles,

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<v Speaker 2>including at the Washington Posts, have been written about this

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<v Speaker 2>issue and the effects on black women in particular who

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<v Speaker 2>used to be federal employees. So, you know, I don't

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<v Speaker 2>know ms Cook at all, but I do think she's

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<v Speaker 2>doing something admirable and saying, you know, I'm here, you

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<v Speaker 2>have no right to do this to me, and I'm

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<v Speaker 2>not just gonna buckle.

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<v Speaker 3>There would be other potential remedies for the president to

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<v Speaker 3>try to write the economy other than coerce the resignation

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<v Speaker 3>of a sitting board member. I mean, we just had

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<v Speaker 3>Jared Bernstein on the hour before talked about there wasn't

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<v Speaker 3>a need for him to go to war with Iran.

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<v Speaker 3>There wasn't a need for him to decide to try

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<v Speaker 3>to impose tariffs for a third time against the will

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<v Speaker 3>of the courts and consumers who have had to eat

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<v Speaker 3>the cost increases as a result of those tariffs. But

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<v Speaker 3>let's also just go through some Trump's own cabinet members

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<v Speaker 3>who have the multiple primary mortgages, which is what Lisa

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<v Speaker 3>Cook has been under quote investigation for to begin with,

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<v Speaker 3>Laurie Chavez, Duremmer now former Labor Secretary, Sean Duffy, Transportation

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<v Speaker 3>Secretary Lee Zelden, he administrator. Is this going to be

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<v Speaker 3>the line of the query that they pursue yet again

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<v Speaker 3>or can they get more creative this time around?

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<v Speaker 2>I mean, I think they have what they had last

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<v Speaker 2>time still, and unfortunately the Supreme Court said, you know,

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<v Speaker 2>you can give another go, and they've decided to do it.

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<v Speaker 2>The argument has not gotten any better, right, it is

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<v Speaker 2>a baseless case. It is a case or a set

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<v Speaker 2>of allegations that could equally apply to plenty of other

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<v Speaker 2>people who are not out of favor with the president.

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<v Speaker 2>But of course they're not doing anything about that.

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<v Speaker 4>You know.

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<v Speaker 2>It's another instance of the administration sort of picking that

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<v Speaker 2>sort of bluntest instrument that kind of has available, And

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<v Speaker 2>it's not always an intelligent way of going about things right, right,

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<v Speaker 2>but it is the way they choose to do. This

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<v Speaker 2>part of it, I think is honestly a sort of

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<v Speaker 2>a level of simple mindedness about the tools available to

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<v Speaker 2>them in the government. I don't think they entirely understand

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<v Speaker 2>the subtler forms of working within the government.

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<v Speaker 4>And space is the kind that actually do a little

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<v Speaker 4>thing called real due diligence and the hard way to

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<v Speaker 4>do the homework.

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<v Speaker 2>They don't do the homework right, so this is an

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<v Speaker 2>easy way. Well, we'll have this Bill Polti, who nobody

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<v Speaker 2>ever heard of before last year. It is not qualified

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<v Speaker 2>to serve in the government. Spin this up, go out

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<v Speaker 2>and pretend it's on the level, and then here we

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<v Speaker 2>are a year later and change later. The arguments no better,

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<v Speaker 2>and it's just as frivolous as it was the first time.

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<v Speaker 1>To your point about not understanding the tools, it's also

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<v Speaker 1>not understanding how the Fed Board of Governors works. Because

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<v Speaker 1>Lisa Cook is one vote washes one vote. The chair

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<v Speaker 1>does not have one more vote than everybody else. So

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<v Speaker 1>just going after Lisa Cook does not even change what

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<v Speaker 1>Donald Trump actually wants, which is for them to raise

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<v Speaker 1>the raids. And honestly, if they're raising the rates, I'm

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<v Speaker 1>not an economist, but I talked to them and they say,

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<v Speaker 1>when you raise race, that's a bad move. That means

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<v Speaker 1>that the economy isn't bad straits in dire straits.

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<v Speaker 3>That's a very good point. And it gets to exactly

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<v Speaker 3>what you were saying, which is sort of the simple

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<v Speaker 3>mindedness of it all. And especially next week, there is

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<v Speaker 3>an report that is supposed to come out which is

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<v Speaker 3>likely to show that inflation, despite the jobs market showing

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<v Speaker 3>some losses, that inflation is going to be even worse.

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<v Speaker 3>And yet Trump this morning to Punchable News is still

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<v Speaker 3>insisting on rates being cut. Let's listen to that quickly.

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<v Speaker 3>Should Wash Kevin worsh Er Fetcher avoid a rate hike

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<v Speaker 3>before the election.

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<v Speaker 5>Well, it's up to him a little bit, but not completely.

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<v Speaker 5>He he's got a board that's very political. The United

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<v Speaker 5>States should pay the lowest interest rate in the entire world.

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<v Speaker 3>So you think that he shouldn't hike rates before the election.

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<v Speaker 5>It's not totally up to him, it's up to a board.

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<v Speaker 5>I think he's great. I won't be criticizing him.