If you look at the Federal Reserve Act, it does say by, you know, for cause and it looks like those forms are not filled out accurately, that they were they were filled out improperly. And this is why Secretary Besson highlighted why he believes the Fed should do an internal probe. The law may not be clear where it dots everything out, where there has to be a specific process, it says for cause.The president believes he has cause. Certainly you have to take these things very seriously, given the fact the Fe ...

AI Investment Opportunities - The market favors stocks with proven AI applications, particularly those benefiting from AI in areas like ad targeting [1][2] - Custom silicon and foundries like Taiwan Semiconductor are key areas for investment in AI infrastructure [2][3] - Semicap equipment companies also present opportunities in the AI space [3] - Betting on the 5% of AI projects that generate returns is crucial for profitability [4] Company Specific Analysis - Meta is benefiting significantly from AI in ad targeting and content delivery [2] - Broadcom is a way to play custom silicon solutions [2] - Accenture is viewed contrarily as an AI beneficiary, expected to see increased demand for AI implementation services, despite market skepticism [6][7] - ASML, specializing in lithography for advanced chips, is expected to benefit from the increasing need for power efficiency in AI chips [7][8] Macroeconomic Concerns - Concerns exist regarding the macro environment and the Federal Reserve's actions [11] - The market prioritizes short-term low interest rates over long-term Fed independence [12]

Let's bring in, as we said, Alian's chief economic adviser, Muhammad Ali. And of course, Muhammad was also the former CEO of PIMCO. It's great to have you in Muhammad.Welcome. Great to have you back on the desk as well. Thanks for having me, Col.Um, someone said today it's uh the best response to an attack on Fed independence is a steepening, which is kind of what we're getting today. Is the market trying to say something. I think it is, but what's really amazing is how muted the market reaction is.Every as ...

Fed Independence & Political Influence - The speaker views the current situation as the single biggest attack on the independence of the Fed in American history [1] - Undermining the independence of the Fed and politicizing it undercuts the economy and confidence in the economy, not just domestically but worldwide [1] - Concerns exist that any Fed nominees under the current administration may not be perceived as truly independent [1] - The speaker expresses concern about potential political influence on the Fed, drawing parallels to countries where central bank independence is compromised, leading to negative economic consequences like high inflation (e g, Turkey with 80% inflation) [1] Allegations Against Fed Governor Cook - Allegations of mortgage fraud against Fed Governor Cook are viewed with skepticism, questioning the source and motives behind them [2] - The focus should be on following the law regarding "firing for cause," which traditionally means job-related issues like inefficiency or corruption [2] Economic Policy & Political Motivations - The speaker suggests the administration's attempts to influence the Fed are driven by a need to shift blame for rising costs for American families [3] - The speaker claims that the Fed delayed lowering interest rates due to economic chaos created by the administration's tariff policies, resulting in higher costs for consumers [3] CHIPS Act & Corporate Agreements - Concerns are raised about the administration potentially weakening restrictions on companies receiving CHIPS Act funding, such as investment requirements and job creation [3][5] - The speaker accuses the administration of engaging in "shakedowns" by potentially waiving restrictions on companies receiving taxpayer money in exchange for a cut of the profits [6]

Let's get the latest on President Trump's efforts to remove Lisa Cook from the Federal Reserve Board. CNBC senior economics reporter Steve Leeman talked about it all day with us. Going to probably talk about it all day today, maybe the the rest of the week as well. We have some news, Leslie. Sources telling CNBC that Fed Governor Lisa Cook could file her lawsuit to overturn her firing by the president as soon as today in DC federal court. But the president saying yesterday he's already counting on having a ...

Will we look back on this day as the day that Fed independents died. It's too early in to know. And you know, we've seen a lot that has been threatening to Fed independents.an unprecedented degree of rhetorical attack publicly from the president on the Fed, involvement of the president in criticism of the Fed over a relatively minor matter, the creation, the construction of a building, announcements uh by the president of various kinds with respect to uh the composition of uh the Federal Reserve. So, I don' ...

President Donald Trump’s move to oust Federal Reserve Governor Lisa Cook immediately launched a legal fight and raised concerns about the future of Fed independence.On today’s Big Take Podcast, Bloomberg’s @sarahsholder and @mckonomy break down the controversy surrounding Cook’s potential ouster and its larger implications https://t.co/XqnkYKcAW2 ...

We can't breach fraud in America. And you surely can't have it for your leaders. I mean, imagine anyone in the cabinet who did this.You guys would be calling for their head. This woman should go away if she's committed the mortgage fraud. And those signatures sure as heck look like hers.Irony is >> Mhm. dead. >> Yeah.Dead. like bring the flowers, put it on the grave. I mean, really.>> Yes. And this is this concept of mortgage fraud is what the they have done for Leticia James, the Attorney General of New Yo ...

Legal & Procedural Aspects - Lisa Cook's attorney confirms she will file a lawsuit against the president for attempting to remove her from the Federal Reserve [1][6] - The lawsuit's basis is the lack of due process and factual findings regarding the alleged mortgage fraud [7] - "Cause" for removal generally means malfeasance or dereliction of duties related to the job [3] - It's an unsettled question whether pre-appointment conduct can be grounds for removal after Senate confirmation [4][5] Federal Reserve Independence - The president, not the Fed, has the authority to remove a governor [11] - A president can legitimately conduct an investigation if facts warrant it [12] Lisa Cook's Response - Lisa Cook has not directly addressed the facts of the case [8] - She is challenging the removal in court [9]

The Dow off by 60 points. And welcome back to Money Movers on CNBC. President Trump moving to fire Federal Reserve Governor Lisa Cook.It's his latest threat against Fed independence. Joining us now, former Fed Governor Frederick Mishkin and former acting chairman of the Council of Economic Adviserss Toamas Phillips. Gentlemen, good to see you today.The chief economist for New Century Adviserss, Claudia S, uh sent out a pretty attention getting post on X. She says, if we could pull this, pull this up now. Do ...