LIVE: Trump Rips ‘Weaklings’ Over Epstein Claims; GOP Demands Docs Release! | Powell Ouster

Name: LIVE: Trump Rips ‘Weaklings’ Over Epstein Claims; GOP Demands Docs Release! | Powell Ouster | N18G
Uploaded: 2025-07-17T03:55:48+00:00
Duration: 16 min 49 s
Channel: Trending News Live Stream Show

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00:00Your focus for the president and also for his supporters, here's just a reminder.

00:08A lot of people think that he was killed. He knew a lot on a lot of people.

00:12He was killed, I think.

00:14Yeah, I'd be inclined to do the Epstein. I'd have no problem with it.

00:17Seriously, we need to release the Epstein list. That is an important thing.

00:24So in terms of where we stand politically at this point, Phil, I mean,

00:27how significant is the fallout here for the president and potentially for his party?

00:33You know, I am always I think I learned probably around November of 2016 to be very cautious about trying to sketch out

00:41what I think is going to happen based on past precedent or history or anything.

00:46And with President Trump, that's really the case because he seems almost like immune to karmic backlash on some level.

00:54I was talking to a Republican senator about that the other day.

00:57And this has been the first time where I've seen him tell his base explicitly we are moving on.

01:04This is not something we're dealing with anymore.

01:06I am done with it.

01:07And see really critical voices who have never kind of demonstrated a shred of non-loyalty come back at him and say,

01:17oh, no, no, we're still here and we're not going anywhere.

01:20Now, I don't know what this means from the broader coalition going forward perspective.

01:24But what I do know is that the president's kind of superpower has been his ability to take issues where he almost seems to run into the fire

01:31and then manage to get out of the fire and bring everybody with him whenever he feels like it.

01:37This has that hasn't been the case on this.

01:39And I think the degree to which this is an animating feature, not the only, but a critical animating feature of certain elements of his base

01:48and probably more importantly, really critical voices of his base has made it very difficult to do so.

01:54He's not putting this to bed and it doesn't seem like he's going to put it to bed anytime soon.

01:58And how that plays out, given his ability to turn the page on things, I think is a very new moment and environment for him to be in

02:05and will be fascinating to watch in the days ahead.

02:08We're also closely following developments in Washington concerning Federal Reserve Chair Powell

02:13after the U.S. president said it is highly unlikely he'll actually fire Powell.

02:17But the statement, it's important to note, comes on the heels of new reporting that the president

02:21had informally polled some Republican lawmakers on that very idea Tuesday night.

02:26He was then asked about it Wednesday.

02:29I don't rule out anything, but I think it's highly unlikely unless he has to leave fraud.

02:35I mean, it's possible there's fraud involved with the 2.5, 2.7 billion dollar renovation.

02:42This is a renovation. How do you spend 2.7 billion dollars?

02:47And he didn't have proper clearance, et cetera, et cetera.

02:49So, you know, that's going on.

02:51So, you know, there could be something to that.

02:54But I think he's not doing a good job.

02:55But he's got a very easy job to do.

02:57You know what he has to do? Lower interest rates.

03:00Now, for context, there is no evidence Powell has committed fraud.

03:03That would be, though, one of the only ways that President Trump could legally fire him.

03:07A reminder, he can't oust Powell simply because he doesn't agree with the Fed chair when it comes to interest rates.

03:13President Trump, of course, appointed Jerome Powell to this role as Fed chair.

03:18That happened during Trump's first term, although he was publicly criticizing Powell as early as 2020.

03:24And the ire has continued with the president's push for the central bank to lower interest rates.

03:28Donald Trump, of course, had also promised to lower those rates during the 2024 campaign.

03:32But, once again, important to note, it's the Fed that makes that decision independently.

03:37Phil Mattingly is joining us now from Washington.

03:41So, Phil, there was a fair amount of public backlash today at the idea of firing Powell from some Republican senators,

03:49including a warning that this would actually crash the markets.

03:51Is there a sense in Washington that some of these more public comments are coming, too,

03:57in an effort to make sure the president hears them?

04:00There's no question about it.

04:01I also think you can go back to J.P. Morgan CEO Jamie Dimon's public comments during his earnings call yesterday.

04:08And this actually connects a couple of threads here that I think are really important.

04:11If you think back over the course of this administration, I know it's been a long six months

04:17and certainly no shortage of interesting news throughout that six months.

04:21The one thing that, on the economic side of things, caused the president to completely reverse course

04:26on one of the kind of central cornerstone items of his economic agenda was the markets.

04:32Leading up to Trump's decision to pause those Liberation Day tariffs, as he did,

04:39Jamie Dimon was on Fox Business the morning before and made very clear the risks that he viewed were almost certain

04:47to kind of consume the market if Trump did not put in place a pause.

04:52That mattered at the time, I was told, Trump advisers saying that Trump saw that.

04:56It registered with him very shortly thereafter.

04:59The bond market, getting really jittery, was kind of the final straw that made him decide to pause.

05:04This is a moment where the public comments, particularly from people like Senate Majority Leader John Thune,

05:09from bankers that Trump respects, like Jamie Dimon, they matter.

05:14They certainly are funneled into things, but so too does the market.

05:17And I think if you're thinking about the things that force Trump to change his preconceived notions

05:22or maybe his kind of most radical ideas, and I don't mean that in a critical...

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06:57Some level.

07:06I was talking to a Republican senator about that the other day.

07:09And this has been the first time where I've seen him tell his base explicitly, we are moving on.

07:16This is not something we're dealing with anymore.

07:18I am done with it.

07:19And see really critical voices who have never kind of demonstrated a shred of non-loyalty come back at him and say,

07:29oh, no, no, we're still here, and we're not going anywhere.

07:32Now, I don't know what this means from the broader coalition going forward perspective,

07:36but what I do know is that the president's kind of superpower has been his ability to take issues where he almost seems to run into the fire

07:43and then manage to get out of the fire and bring everybody with him whenever he feels like it.

07:49That hasn't been the case on this.

07:51And I think the degree to which this is an animating feature, not the only, but a critical animating feature of certain elements of his base,

08:00and probably more importantly, really critical voices of his base, has made it very difficult to do so.

08:06He's not putting this to bed, and it doesn't seem like he's going to put it to bed anytime soon.

08:10And how that plays out, given his ability to turn the page on things, I think is a very new moment and environment for him to be in

08:17and will be fascinating to watch in the days ahead.

08:19We're also closely following developments in Washington concerning Federal Reserve Chair Powell

08:24after the U.S. president said it is highly unlikely he'll actually fire Powell.

08:29But the statement, it's important to note, comes on the heels of new reporting that the president

08:32hadn't formally polled some Republican lawmakers on that very idea Tuesday night.

08:37He was then asked about it Wednesday.

08:40I don't rule out anything, but I think it's highly unlikely, unless he has to leave for fraud.

08:47I mean, it's possible there's fraud involved with the $2.5, $2.7 billion renovation.

08:54This is a renovation.

08:55How do you spend $2.7 billion?

08:58And he didn't have proper clearance, et cetera, et cetera.

09:01So you know that's going on.

09:03So there could be something to that.

09:05But I think he's not doing a good job.

09:07He's got a very easy job to do.

09:09You know what he has to do?

09:10Lower interest rates.

09:11Now, for context, there is no evidence Powell has committed fraud.

09:15That would be one of the only ways that President Trump could legally fire him.

09:19A reminder, he can't oust Powell simply because he doesn't agree with the Fed chair when it comes to interest rates.

09:25President Trump, of course, appointed Jerome Powell to this role as Fed chair.

09:29That happened during Trump's first term, although he was publicly criticizing Powell as early as 2020.

09:35And the ire has continued with the president's push for the central bank to lower interest rates.

09:40Donald Trump, of course, had also promised to lower those rates during the 2024 campaign.

09:44But once again, important to note, it's the Fed that makes that decision independently.

09:49Phil Mattingly is joining us now from Washington.

09:52So, Phil, there was a fair amount of public backlash today at the idea of firing Powell from some Republican senators,

10:00including a warning that this would actually crash the markets.

10:03Is there a sense in Washington that some of these more public comments are coming, too,

10:08in an effort to make sure the president hears them?

10:12There's no question about it.

10:13I also think you can go back to J.P. Morgan CEO Jamie Dimon's public comments during his earnings call yesterday.

10:20And this actually connects a couple of threads here that I think are really important.

10:23If you think back over the course of this administration, I know it's been a long six months

10:28and certainly no shortage of interesting news throughout that six months.

10:32The one thing that, on the economic side of things, caused the president to completely reverse course

10:38on one of the kind of central cornerstone items of his economic agenda was the markets.

10:44Leading up to Trump's decision to pause those Liberation Day tariffs, as he did,

10:50Jamie Dimon was on Fox Business the morning before and made very clear the risks that he viewed

10:57were almost certain to kind of consume the market if Trump did not put in place a pause.

11:03That mattered at the time, I was told.

11:06Trump advisers were saying that Trump saw that.

11:08It registered with him.

11:09Very shortly thereafter, the bond market getting really jittery was kind of the final straw that made him decide to pause.

11:15This is a moment where the public comments, particularly from people like Senate Majority Leader John Thune,

11:21from bankers that Trump respects like Jamie Dimon, they matter.

11:25They certainly are funneled into things, but so too does the market.

11:29And I think if you're thinking about the things that force Trump to change his preconceived notions

11:34or maybe his kind of most radical ideas, and I don't mean that in a critical manner,

11:40I just mean it in these aren't things that have been tried before,

11:43the market and people he respects saying, man, maybe don't do that,

11:47are often the only two things that really carry the day, particularly in this second administration.

11:52Yeah, absolutely.

11:53I also want to talk to you about this issue of the Epstein files, right?

11:57We know the president would really like this story to go away, sort of working overtime, it would seem,

12:01to try to downplay it, and yet he was asked about it again today.

12:08It's all been a big hoax.

12:09It's perpetrated by the Democrats, and some stupid Republicans and foolish Republicans fall into the net,

12:16and so they try and do the Democrats' work.

12:20So that's what we're hearing from the president again on Wednesday,

12:23although for a number of years, of course, Epstein was a major focus for the president

12:27and also for his supporters.

12:29Here's just a reminder.

12:31A lot of people think that he was killed.

12:37He knew a lot on a lot of people.

12:39He was killed.

12:40Yeah, I'd be inclined to do the Epstein.

12:43I'd have no problem with it.

12:44Seriously, we need to release the Epstein list.

12:46That is an important thing.

12:50So in terms of where we stand politically at this point, Phil,

12:53I mean, how significant is the fallout here for the president and potentially for his party?

12:59You know, I am always, I think I learned probably around November of 2016 to be very cautious about trying to sketch out what I think is going to happen based on past precedent or history or anything.

13:12And with President Trump, that's certainly the case because he seems almost immune to karmic backlash on some level.

13:21I was talking to a Republican senator about that the other day.

13:24And this has been the first time where I've seen him tell his base explicitly, we are moving on.

13:31This is not something we're dealing with anymore.

13:33I am done with it.

13:34And see really critical voices who have never kind of demonstrated a shred of non-loyalty come back at him and say, oh, no, no, we're still here and we're not going anywhere.

13:47Now, I don't know what this means from the broader coalition going forward perspective.

13:51But what I do know is that the president's kind of superpower has been his ability to take issues where he almost seems to run into the fire

13:58and then manage to get out of the fire and bring everybody with him whenever he feels like it.

14:03And I think that hasn't been the case on this.

14:06And I think the degree to which this is an animating feature, not the only, but a critical animating feature of certain elements of his base

14:15and probably more importantly, really critical voices of his base has made it very difficult to do so.

14:21He's not putting this to bed and it doesn't seem like he's going to put it to bed anytime soon.

14:25And how that plays out, given his ability to turn the page on things, I think is a very new moment and environment for him to be in

14:32and will be fascinating to watch in the days ahead.

14:35We're also closely following developments in Washington concerning Federal Reserve Chair Powell

14:39after the U.S. president said it is highly unlikely he'll actually fire Powell.

14:44But the statement, it's important to note, comes on the heels of new reporting

14:47that the president hadn't formally polled some Republican lawmakers on that very idea Tuesday night.

14:52He was then asked about it Wednesday.

14:54I don't rule out anything, but I think it's highly unlikely, unless he has to leave fraud.

15:02I mean, it's possible there's fraud involved with the $2.5, $2.7 billion renovation.

15:09This is a renovation.

15:10How do you spend $2.7 billion?

15:13And he didn't have proper clearance, et cetera, et cetera.

15:16So you know that's going on.

15:17So there could be something to that.

15:20But I think he's not doing a good job.

15:22But he's got a very easy job to do.

15:24You know what he has to do?

15:25Lower interest rates.

15:27Now, for context, there is no evidence Powell has committed fraud.

15:30That would be one of the only ways that President Trump could legally fire him.

15:34A reminder, he can't oust Powell simply because he doesn't agree with the Fed chair

15:38when it comes to interest rates.

15:40President Trump, of course, appointed Jerome Powell to this role as Fed chair.

15:44That happened during Trump's first term,

15:47although he was publicly criticizing Powell as early as 2020.

15:50And the ire has continued with the president's push for the central bank to lower interest rates.

15:55Donald Trump, of course, had also promised to lower those rates during the 2024 campaign.

15:59But once again, important to note, it's the Fed that makes that decision independently.

16:04Phil Mattingly is joining us now from Washington.

16:07So, Phil, there was a fair amount of public backlash today at the idea of firing Powell from some Republican senators,

16:15including a warning that this would actually crash the markets.

16:18Is there a sense in Washington that some of these more public comments are coming, too,

16:23in an effort to make sure the president hears them?

16:27There's no question about it.

16:28I also think you can go back to J.P. Morgan CEO Jamie Dimon's public comments during his earnings call yesterday.

16:34And this actually connects a couple threads here that I think are really important.

16:38If you think back over the course of this administration, I know it's been a long six months and certainly no shortage of interesting news throughout that six months.

16:47The one thing that.

LIVE: Trump Rips ‘Weaklings’ Over Epstein Claims; GOP Demands Docs Release! | Powell Ouster | N18G

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