Political Turmoil at the Federal Reserve

Commerce Secretary Howard Lutnick discusses the government’s stake in Intel, including whether the Trump administration will create a sovereign wealth fund. In an extended interview, Sec. Lutnick also weighs in on President Trump’s effort to remove Federal Reserve Governor Lisa Cook from her post at the central bank after White House official Bill Pulte alleged that Cook had committed mortgage fraud. CNBC’s Steve Liesman breaks down that story, the unprecedented politicization of the Fed, and what happens next–to both the U.S. economy and the economist herself. 

Howard Lutnick - 18:57

In this episode:

Howard Lutnick, @howardlutnick

Steve Liesman, @steveliesman

Leslie Picker, @LesliePicker

Wilfred Frost, @WilfredFrost

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie