BONUS POD: Trump’s July 4th Power Play w Bill Passage & Fed Pressure
whatshot 13 snips
Jul 3, 2025
A significant bill backed by Trump is poised for a July 4th signature, potentially marking the largest tax cut in years. Energy among Republicans is high as they anticipate its passage through the House. Meanwhile, Trump is pressuring Fed Chair Jerome Powell to resign, criticizing the Fed's interest rate policies and hinting at possible replacements. The podcast dives into the implications of these moves on taxpayers and the economy, highlighting the interplay of legislative triumphs and monetary policy battles.
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Trump's Major Tax Bill Momentum
Trump's "big beautiful bill" is on the verge of passing the House and Senate fast, showing strong legislative momentum. - It aims to be the largest recent tax cut and fulfill a major campaign promise by July 4th.
insights INSIGHT
Trump Criticizes Fed Chair Powell
Trump demands Fed Chair Jerome Powell resign immediately for not lowering interest rates. - He blames Powell and the Fed board for costing the U.S. trillions in interest expenses.
insights INSIGHT
Trump's Fed Replacement Plans
Trump has two or three candidates in mind to replace Powell, signaling imminent Fed leadership changes. - Possible nominees include Kevin Warsh, Kevin Hassett, Scott Bessent, and Christopher Waller.
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The bill, strongly backed by Trump, is reportedly on the verge of passing the House of Representatives, having already passed the Senate after a marathon 27-hour amendment session.
Trump aims to sign the bill by July 4th, aligning with his campaign promises.
Key Republican figures and congressional reporters confirm momentum and optimism around the bill’s passage.
The bill is described as potentially the largest tax cut in recent memory.
💼 Federal Reserve and Jerome Powell
Trump is publicly pressuring Fed Chair Jerome Powell to resign immediately, criticizing the Fed’s refusal to lower interest rates.
He accuses Powell and the Fed Board of failing in their duties, claiming they are costing the country trillions in interest.
Trump has hinted at having “two or three” candidates in mind to replace Powell, including:
Kevin Warsh (former Fed governor)
Kevin Hassett (former NEC Director)
Scott Desantis (Treasury Secretary)
Christopher Waller (former World Bank President and Fed governor)
Trump may announce a replacement as early as September or October, or wait until a 2026 Fed Board vacancy.
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