To access this clip without audiomarks, please purchase it, or upgrade your account.
Date
Summary
Fmr. Senior Advisor to President Biden: Trump Is Bullying Powell with Trumped Up Charges Over Fed Renovation
Subjects
Source
CNN
Name: CNN
URL: http://www.cnn.com/
Show
CNN News Central
Name: CNN News Central
URL: https://www.cnn.com/
Persons
Gene Sperling
, Sara Sidner
Name: Gene Sperling
Employment: Center of Universal Education
Position: Founder
Name: Sara Sidner
Employment: CNN
Position: Anchor
Event
–
Event location
–
Link
–
Original recording
Uploaded
07/18/2025 07:38 am
Owner
Ante (staff)
Type
Video
Format
MP4 (720x406)
Use clipper to adjust file type
Duration
0:03:14
Views
3
Purchases
1
Social views
0
Transcript
RUSH TRANSCRIPT All right ░░░░░░░░ you John Federal Reserve ░░░░░░░░ Jerome Powell firing back ░░░░░░░░ a top Trump official ░░░░░░░░ him of mismanaging a ░░░░░░░░ 5 billion renovation of ░░░░░░░░ Federal Reserve D C ░░░░░░░░ Now Trump and his ░░░░░░░░ allege the overhaul broke ░░░░░░░░ rules and called it ░░░░░░░░ In a letter responding ░░░░░░░░ those claims Powell defended ░░░░░░░░ project s oversight and ░░░░░░░░ there were any luxury ░░░░░░░░ Trump told reporters earlier ░░░░░░░░ week he believes the ░░░░░░░░ renovation is a quote ░░░░░░░░ of firable offense but ░░░░░░░░ later clarified that it ░░░░░░░░ highly unlikely that he ░░░░░░░░ fire Powell Joining me ░░░░░░░░ is former senior adviser ░░░░░░░░ President Biden Gene Sperling ░░░░░░░░ to mention that President ░░░░░░░░ has done quite a ░░░░░░░░ renovations himself which some ░░░░░░░░ say is ostentatious in ░░░░░░░░ White House But I ░░░░░░░░ curious what you think ░░░░░░░░ Trump Administration is doing ░░░░░░░░ making these accusations of ░░░░░░░░ against Powell Is this ░░░░░░░░ way for them to ░░░░░░░░ and find a reason ░░░░░░░░ be able to fire ░░░░░░░░ well I don t ░░░░░░░░ there s any question ░░░░░░░░ it And I Realize ░░░░░░░░ s kind of a ░░░░░░░░ meaning in the term ░░░░░░░░ up Charges But clearly ░░░░░░░░ the case Is now ░░░░░░░░ that for Whatever reason ░░░░░░░░ Trump is been intent ░░░░░░░░ lashing lashing out at ░░░░░░░░ Powell And when I ░░░░░░░░ Whatever reason You know ░░░░░░░░ s not Particularly logical ░░░░░░░░ Attacking the Fed s ░░░░░░░░ is normally something that ░░░░░░░░ confidence hurts interest rates ░░░░░░░░ has been long standing ░░░░░░░░ Across the world that ░░░░░░░░ when You have federal ░░░░░░░░ independence You tend to ░░░░░░░░ Lower inflation which Is ░░░░░░░░ be At the top ░░░░░░░░ President Trump s concerns ░░░░░░░░ the entire attack on ░░░░░░░░ Powell seems To be ░░░░░░░░ an effort to somehow ░░░░░░░░ the interest cost of ░░░░░░░░ Huge expansion In the ░░░░░░░░ And I think also ░░░░░░░░ Shift blame Away from ░░░░░░░░ because the real inflation ░░░░░░░░ that is happening in ░░░░░░░░ economy and is projected ░░░░░░░░ happen is coming from ░░░░░░░░ own policies But he ░░░░░░░░ to want to bully ░░░░░░░░ threaten to fire Powell ░░░░░░░░ then he has another ░░░░░░░░ which is that the ░░░░░░░░ Court just this may ░░░░░░░░ in a case called ░░░░░░░░ versus wilcox said that ░░░░░░░░ almost out of their ░░░░░░░░ to say that the ░░░░░░░░ doesn t have the ░░░░░░░░ to fire Federal Reserve ░░░░░░░░ without cause And so ░░░░░░░░ suddenly you start seeing ░░░░░░░░ know a trumped up ░░░░░░░░ that somehow a guy ░░░░░░░░ s got to step ░░░░░░░░ in six months from ░░░░░░░░ has been somehow taking ░░░░░░░░ of a renovation which ░░░░░░░░ t possibly benefit himself ░░░░░░░░ I think everybody sees ░░░░░░░░ for what it is ░░░░░░░░ trumped up charge to ░░░░░░░░ To Fit the criteria ░░░░░░░░ firing a Federal Reserve ░░░░░░░░ for malfeasance Let me ░░░░░░░░ you about
To view this clip's transcript, log into your Grabien account.
