So the whole idea behind it was to build an independent Fed and to insulate it. That's White's budget, along with the other banking regulators. White's budget is insulated from Congress, insulated from the president. Donald Trump has made clear since right at the beginning of his presidency that he wants to be the decision maker on where interest rates should be set. And he's made that clear repeatedly. He's made it clear by threatening to fire Jerome Powell. He's made it clear by threatening to fire Lisa Cook, another Federal Reserve governor. (50:56–51:08)
CLAIM
Asserts that Donald Trump has expressed a desire to control Federal Reserve interest rate decisions.
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.
