CNBC's "Fast Money" Trump’s Fed Fire Fight… And Eli Lilly’s Weight Loss Win 8/26/25
Aug 26, 2025
Tensions rise as President Trump aims to remove Fed Governor Lisa Cook over mortgage fraud allegations, leading to a significant legal battle. Meanwhile, Eli Lilly makes headlines with promising weight loss pill trial results, positioning itself in a competitive market. The podcast also delves into the complexities of the housing market affected by high mortgage rates and shifts in stock trends, especially in energy sectors. Additionally, participants discuss upcoming earnings reports and trading strategies, keeping a light-hearted tone with some celebrity gossip.
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Federal Fight Could Test Fed Independence
- President Trump tried to remove Fed Governor Lisa Cook alleging mortgage fraud, but Cook will challenge the firing in court.
- The Fed deferred action and said it will abide by any court ruling, keeping independence in focus.
Majority On The Fed Is A Market Risk
- A Trump-appointed Fed majority could pressure policy and nominate bank presidents, risking politicization.
- Market reaction has been modest so far, but real policy moves would show the true consequences.
Fix Housing By Building More Homes
- If housing is your policy goal, focus on supply-side fixes like easing permitting instead of pressuring the Fed.
- Work on bipartisan bills to boost home construction to address long-term housing availability.