Finally, just in the spirit of trying to see some bipartisan agreement, which I think American people really want, I I was surprised that when I saw some of your comments opposing Kevin Worsh to be the next Fed chair, you know, is this someone that, you know, his first time around as governor, he was brought to the floor by Senator Schumer at the time. It was a long time ago. But why why why is this someone do you not think he's qualified.Well, my concern is that Kevin Wars has made his whole career being a ...

Core Insights - The economic burden of the 2025 tariffs is primarily borne by U.S. firms and consumers, with estimates indicating that 90% of the costs are passed on to them [1][7][3] - The Supreme Court ruled that President Trump's tariffs were illegal, which may lead to significant financial implications for the U.S. government, including potential refunds of approximately $168 billion [4][21] - The ongoing tariff dispute highlights tensions between the Federal Reserve's independence and political influence, particularly from the Trump administration [5][11][20] Tariff Impact on Consumers and Businesses - A study from the Federal Reserve Bank of New York found that nearly all (90%) of the costs associated with high tariffs are absorbed by American consumers and businesses [7][2] - The Congressional Budget Office estimates that 30% of the 2025 tariffs will be absorbed by businesses, while 70% will be passed on to consumers [1] Political and Legal Context - The Trump administration's response to the Supreme Court ruling included the announcement of new tariffs, raising a global tariff from 10% to 15% shortly after the ruling [21] - Federal Reserve officials have expressed concerns about the administration's attempts to influence monetary policy and undermine the Fed's independence [5][11] Market Reactions and Future Projections - The New York Fed's tariff study reinforces the Fed's independence and suggests that its economic assessments are based on data rather than political pressure [20] - Analysts predict that the Fed may hold off on aggressive interest rate cuts in the first half of 2026, despite ongoing economic pressures [22]

Two things. I just real quickly, I'm curious about, do you think the White House is still a risk to financial markets are with midterms looming. Do you think that the president and his team are going to be very careful about unsettling things in the financial markets.Many have said he certainly keeps an eye on it. Maybe that's the checks and balances on the White House. And secondly, Kevin Warsh, if indeed he does become Fed chair, will he be an independent Fed.Yeah, no, I think I mean, I think that this ad ...

Two things. I just real quickly, I'm curious about, do you think the White House is still a risk to financial markets are with midterms looming. Do you think that the president and his team are going to be very careful about unsettling things in the financial markets.Many have said he certainly keeps an eye on it. Maybe that's the checks and balances on the White House. And secondly, Kevin Warsh, if indeed he does become Fed chair, will he be an independent Fed.Yeah, no, I think I mean, I think that this ad ...

How much are you feeling satisfied in the process that you could get a hearing for the nominee Kevin Walsh in the notsodistant future. Do you think that that's feasible. >> Well, we could have a hearing all we want, but until the investigation is done, I still believe that the initial inquiry and the investigation was a flex to try and get the current chair to step aside.Chair Pal has a term as chair that expires in May. Uh he also has a term that can extend for two more years. I have no intention allowing ...

WE SHOULD THROW DATA PRIVACY DATA BREACH IN THERE SO THAT WE GET IT RIGHT AND WE HAVE A GO PLAY STANDARD THAT THE EU CAN BE INSTRUCTED BY. LISA: PEOPLE ARE CONCERNED ABOUT THIS MARKET TRANSITION AND THE PAIN THAT COULD COME ALONGSIDE IT. IT IS ONE WEITZEN -- ONE REASON WHY PEOPLE ARE SAYING IT MIGHT BEHOOVE THE FED TO CUT RATES AGGRESSIVELY IN ORDER TO EASE THE PAIN FOR A NUMBER OF INDIVIDUALS WHO OTHERWISE MIGHT BE LOSING THEIR JOB.HOW MUCH ARE YOU FEELING SATISFIED IN THE PROCESS THAT YOU COULD GET A HEAR ...

I think he's a great pick. Uh the problem is he's a person. I've got a concern with the process and we have to let this process play out which I think is either lawfare or inappropriate use of prosecutorial tools because you disagree with the Fed chair.Um look, this is all about a building project. If we want to start subjecting every cabinet member, for example, to overruns on projects, then maybe we can create a new standard. But we know this is silly.We need to get past it. And I'd be one of the first pe ...

Core Viewpoint - U.S. Senator Thom Tillis is blocking Kevin Warsh's nomination to lead the Federal Reserve until the Department of Justice concludes its investigation into current Fed Chair Jerome Powell [1][2] Group 1 - Senator Tillis expressed willingness to maintain the blockade throughout the remainder of Congress to ensure the truth is uncovered and to preserve the independence of the Federal Reserve [2] - Tillis indicated that he would support Warsh's nomination if the investigation is resolved satisfactorily [2]

Kevin Worsh's expected nomination, the Fed chair, has been met with high praise from those who think the Fed has made big mistakes and worse has better ideas and can fix them, but also been met with deep concern about potential far-reaching changes at the Fed, uncertainty and rhetoric that for some has not always been entirely consistent. On the key issue of Fed independence, Borch has been a strong supporter. Says a less active Fed will be more independent from Congress.The risk here, a few Trump appointee ...

Not everyone though is a fan of the president's pick. 314 Research co-founder Warren Pi is writing on X that Kevin Warsh was the worst pick of the four candidates and will not garner trust from the market. Warren joins us this morning to talk more about that.Warren, appreciate the time as always. Good to see you. >> Good to see you.>> Uh you're not alone either. I think Ren Mack has been fairly critical. What do you think is the problem with this pick.Yeah, I I as I laid out there, I think that he is workin ...