date Bitcoin is up 26% and the dollar is down 9%. I want to ask your thoughts on the news that we've seen this week regarding Fed Chair Powell. Are you concerned about the independence of the fed and what do you think needs to happen from here. >> Yeah, I, I'm very worried about the independence of the fed.And I'm going to say something that I know many people are going to say. What. This sounds crazy, but I actually think given the pressures and they're not over, that Trump is going to launch in again that ...

Interference in the independence of the Federal Reserve would be felt outside of the US, according to Bundesbank President Joachim Nagel https://t.co/620zFWOv0R ...

In a very practical way, if in fact Jay Powell were to be fired, pushed out, or otherwise dismissed, what you think would genuinely happen to the bond market, the dollar, the equity markets. I think they crash. Um remember the way the independence of the Fed works, it provides a signal both to our country and to financial markets around the world that on a couple of key points, particularly monetary policy.What we've done in the United States is we put someone in charge who's supposed to filter through all ...

>> Welcome back to Squawk Box. President Trump saying he has no plans to fire Fed Chair Jay Powell, though he has been toying quite publicly with that idea. Senator Elizabeth Warren has been defending the chairman's role at the FOMC.And Senator Warren joins us this morning. She is the lead Democrat on the Banking Committee. Good morning to you.We just had a guest on in Kevin Warsh. Some someone who folks have speculated about potentially taking that job. He openly talked about the idea of regime change.And ...

Now, the president is also pointing out that Jay Powell's term is head of the Fed. It ends next May anyway, right. And when he was asked today who could replace Powell, he was asked if one person in particular is being considered.[Music] Kevin's somebody would consider Kevin is fantastic, too. Uh we have a lot of good people for that job. It's not a tough job, to be honest.All right. In a not at all awkward segue, that man is with us right now, Kevin Hasset, the director of the National Economic Council. Di ...