Morning Wire Trump Pressures Powell & AI Investment Surge | 7.17.25
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Jul 17, 2025 Tensions rise as President Trump criticizes Fed Chair Jerome Powell while hinting at interest rate cuts. The House GOP prepares for its next legislative battle. Trump’s ambitious $100 billion AI investment aims to boost Pennsylvania's economy and outpace China. Concerns about rising violent political rhetoric echo on Capitol Hill, alongside discussions on effective immigration policies. The podcast also highlights significant investments in technology and infrastructure shaping the future.
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Trump vs. Fed Chair Powell
- President Trump continually pressures Fed Chair Jerome Powell over interest rate policies, threatening firing due to dissatisfaction with rate cuts and Federal Reserve spending.
- The Fed's independence limits firing to cases of misconduct, but a controversial $2.5 billion renovation may provide grounds for removal.
Historic Low Border Encounters
- Encounters at the southern U.S. border dropped to historic lows, with June 2025 seeing the fewest monthly and daily Border Patrol encounters on record.
- This represents a significant decline compared to peaks during the Biden administration.
Scalise on Violent Rhetoric
- House Majority Leader Steve Scalise highlighted the dangers of violent left-wing rhetoric following his own injury in a 2017 shooting.
- He and other lawmakers discuss challenges including Epstein, border security, and congressional staff background checks.