There are no legitimate grounds for the president to remove the chair of the Federal Reserve for simply doing his job. Trump's threats against the Fed does nothing but rattle markets, undermine confidence, inject more chaos into the financial system, and then raise rates. Doesn't Trump understand something rudimentary? When there's uncertainty about the Fed's path, rates go up. Trump, you hearing that the more you screw around with the Fed, the higher rates will be and you want lower rates. (08:02–08:15)
CLAIM
Asserts that Trump's threats against the Fed negatively impact markets and raise interest rates.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
