Bloomberg Talks Former Chief of Staff for Mike Pence Marc Short Talks Epstein Files
Aug 27, 2025
Marc Short shares insights on the political implications of the Jeffrey Epstein files and how they could impact GOP members post-August recess. He discusses the potential for a second rescissions package and reflects on Trump's visit to the Federal Reserve. The conversation delves into the Federal Reserve's role amid political scrutiny, the Republican Party's populist shift, and contrasts economic policies from Trump's first and second terms, highlighting the complexities of government intervention in the economy.
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Fed Attacks Look Politically Motivated
- Marc Short argues attacks on Fed governors over mortgage listings feel politically motivated rather than substantive.
- He says claiming such technical mortgage issues justifies removal is a bogus charge and likely hypocrisy.
Lower Rates Drive Fed Pressure
- Short sees Trump's push on the Fed as an attempt to force lower rates to support his trade-driven labor priorities.
- He notes Trump has consistently favored lower rates, even when selecting Powell previously for that reason.
Senate Will Likely Yield To Trump Picks
- Short doubts major Senate pushback against controversial Fed nominees and expects confirmations to proceed.
- He links the lack of resistance to Republican fear of primary challenges and presidential leverage.