'Five alarm fire': Trump attempts to fire Fed board member, inviting economic calamity
Donald Trump is attempting to violate the independence of the Federal Reserve Board by claiming the power to fire one of its members, Lisa Cook, exposing the United States economy to the risk that its credibility will be reduced to the compromised level of Trump's. Paul Krugman, Nobel Prize-winning economist, talks with Rachel Maddow about why Trump is playing with fire he doesn't understand.
The Rachel Maddow Show · Simon Sandoval Moshenberg, Rachel Maddow, Paul Krugman
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Show Notes
Rachel Maddow highlights the difference between Donald Trump's rhetoric and his actions and notes that taking the big picture of Trump's actions can illuminate significant trends. For example, moving an individual out of one position in the administration into another may not seem particularly noteworthy until it becomes clear that Trump is moving people into ambassadorships instead of firing them. Similarly, a pattern appears to be taking shape as high-level military and national security leaders are being dismissed from service.
Donald Trump is acting as though he has the authority to fire members of the Federal Reserve Board and had attempted to do so with Governor Lisa Cook. Paul Krugman joins to explain the disaster Trump is courting.
Constantly making a mess of the Kilmar Abrego Garcia case hasn't stopped the Trump administration from continuing to do so. Today a judge prevented his deportation to Uganda.
And red states that have sent National Guard troops to serve in Trump's military occupation of Washington, D.C. have cities with higher crime rates than D.C., exposing the lie that these deployments have anything to do with fighting crime.
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