Meanwhile, a new op-ed in the Wall Street Journal out today. Our next guest saying the assault on the Fed's independence should concern everyone. Former Federal Reserve vice chair and Princeton professor Alan Blinder joins us now to discuss his piece as well as this morning's inflation print.So, I know we've had you on before, Alan, and and you and you've been worried about what the president's doing with Lisa Cook and sort of jaw boning around Fed Chair Powell, but is there any real evidence that the Fed i ...

All right, welcome back to the exchange. We've got breaking news out of Washington DC. Steve Leeman has that story.Steve, Dom, thanks. We have the opening statement for Steven Meyer. He is the candidate for a Federal Reserve job uh that is open right now.And he is going to say that independence of monetary policy is critical for its success. He pledges or he says he intends to preserve the independence of the Fed. That is a obviously a question when it comes to uh appointees of President Trump to the Federa ...

Posse comitatus. You know, you know those old Western television shows where said, we got to form a posse to go after the bad. That's Posse Comitatus.It's it's an old kind of common law back in the Middle Ages. It's power of the county. It's getting the county together to go after bad guys.That's where the term posse concerns Posse Comitatus. So he's trying to invoke this kind of, you know, lawlessness. We've got to get a posse together to go after lawlessness in D.C. The president has more power to do so b ...

Federal Reserve Governance & Influence - The President's potential ousting of Governor Cook could create another vacancy on the Fed board, allowing for another presidential appointment [1] - Currently, there are two Republican appointees on the seven-member Fed board, with a third nomination pending [1] - If another governor steps down, the President could potentially secure a majority (four out of seven) on the Fed board [2] - A majority on the Fed board could potentially support the President's push for lower interest rates [2] Regional Bank Oversight - The Fed board has the authority to reauthorize the 12 regional bank presidents every 5 years [4] - The administration might consider exerting pressure on regional bank presidents through board members aligned with their views, particularly regarding interest rate policies [4] - This scenario is hypothetical but is being considered by administration officials [5]

JOINING US IS ROBERT KAPLAN, FORMER DALLAS FED PRESIDENT AND NOW CHAIRMAN AT GOLDMAN SACHS. BEFORE I ASK YOU SPECIFICALLY ABOUT JAY POWELL AND WHAT WE WILL LEARN AT JACKSON HOLE, I HAVE TO ASK YOU ABOUT SOME OF THE ALLEGATIONS AROUND LISA COOK , THE POLITICAL UNDERTONES SOME PEOPLE THINK THERE IS A CONCERTED EFFORT TO RESHAPE THE FED BOARD. COURSE THE GENERAL IDEA OF WHAT FED INDEPENDENCE EVEN MEANS IN THE CURRENT ENVIRONMENT.ROBERT: I'VE OBVIOUSLY READ THE REPORTS AND I DON'T HAVE ANYTHING TO COMMENT ON. I ...