Sen. Tillis Says Fed Made Mistake in December, Defers to Trump on Powell Demotion

The transcript discusses the Market Committee's upcoming announcement and the pressure on them to cut rates. It explores the President's role in influencing rate decisions and the potential impact of economic factors like tariffs and trade discussions. The conversation also touches on the Fed's independence and the legal considerations of demoting Jay Powell.

What is the role of the President in setting the rates according to the discussion?

What legal considerations are mentioned regarding the potential demotion of Jay Powell?