Scott Jennings: Trump Is Just Trying to Humiliate and Make Jerome Powell’s Term Miserable and He Deserves It

PHILLIP: “But instead, Trump is trying to use this renovation as a reason to put pressure on him. I‘m not sure that that‘s going to work.”
JENNINGS: “Yeah, I don‘t know if he‘s going to fire him. It doesn‘t sound like he‘s going to. He doesn‘t have that many months left on his term. Trump will be able to put in his own Fed chair. It looks to me like he‘s planning to just humiliate this person for the next eight months and make him into a miserable person. And you know what? He deserves it, because he should have lowered interest rates, a). B) I‘m not sure the Fed‘s done all that great of a job over time since Powell has been in, even though Trump did appoint him.”
PHILLIP: “I mean, even though — “
JENNINGS: “And so — and so maybe he maybe he deserves a little of the political theater.”
PHILLIP: “I’m curious about that. Scott, because first of all, this is Donald Trump‘s Fed chair. He appointed Powell. But the second thing is — “
JENNINGS: “Mistakes were made.”