NBC Meet the Press Meet the Press NOW — August 26
Aug 26, 2025
President Trump attempts to assert control over the Federal Reserve, targeting Governor Lisa Cook with unverified accusations. Tensions escalate as Trump threatens troop deployment to Chicago, prompting pushback from Democrats. UNICEF discusses the dire humanitarian situation in Gaza, highlighting the suffering of families amid military actions. The podcast also touches on the Democratic Party's internal struggles and redistricting strategies as they prepare for upcoming elections, showcasing a complex political landscape.
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Fed Stresses Legal Independence
- The Federal Reserve emphasizes governors serve fixed terms and can be removed only for cause under the Federal Reserve Act.
- The Fed framed long tenures as safeguards for data-driven monetary policy, resisting executive overreach.
Personnel equals Policy Influence
- The White House seeks a Fed majority to shape interest-rate policy and push rates lower.
- Market participants warn loss of Fed independence would increase volatility and make policy subject to presidential whims.
Watch Legal Battles As Market Signals
- Investors should expect increased volatility if the Fed's independence is questioned.
- Monitor legal battles and personnel changes as key risk signals for markets and mortgage rates.