Squawk on the Street SOTS 2nd Hour: Sen. Elizabeth Warren, MongoDB’s Massive Move, Mortgage Fraud Risks Rising? 8/27/25
Aug 27, 2025
Sen. Elizabeth Warren, a prominent U.S. Senator, shares her insights on President Trump's controversial firing of Fed Governor Lisa Cook and the implications for economic policy. Adam Parker, CEO of Trivariant Research, discusses MongoDB's recent surge, emphasizing its growth amid AI trends. The conversation also touches on the potential overblown fears surrounding the software industry and a dive into the state of mortgage fraud, revealing surprising insights about its prevalence in today's market.
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Fed Independence Under Direct Attack
- Elizabeth Warren warns Trump’s firing of Fed officials is the biggest attack on Fed independence in U.S. history.
- She argues politicizing the Fed risks economic stability and global confidence in the U.S. economy.
Appointments Will Face Credibility Problem
- Warren says nominees may not be perceived as independent after Trump's recent behavior and cabinet dynamics.
- She contends fear of being fired will push nominees to promise loyalty over independence.
Use Legal Channels To Change Fed Rules
- Follow the law: firing Fed governors must meet the statutory "for cause" standard tied to job-related conduct.
- If changes are desired, pursue formal legal amendments through Congress rather than unilateral firings.