Gavin Newsom: “Are we better off with the president of the United States…”

“So with. But just moving off, just. If I may, just because I think, you know, it does beg the question of the Fed. I mean, Are we better off with the president of the United States having the ability to change, on whims, members of the board and have those members get rid of the presidents of the regional bodies? Are we better off as a nation having a president put their thumb on that scale? I mean, it seems the last time we had a United States president do it was Richard Nixon.” (37:05–37:19)

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.