Trump SUING Jerome Powell (Federal Reserve)

Well, Donald Trump's latest truth social

brings the 99 fire making into the real

world. This isn't good for Jerome Powell

and we're back to the madness.

Mr. President

is not happy and neither is my HDMI

connection. But anyway, Donald Trump is

now considering allowing a major lawsuit

to proceed against Jerome Powell. Uh

this comes after CPI numbers released

this morning were actually pretty hot uh

in the underlying levels. Top line was

along expectations, but take a look at

this. Jerome Tulate Powell must now

lower the rate. Mind you, we are already

pricing in a 100 basis point cut. Well,

I'm sorry, we're already pricing in

nearly a 100% chance of a 25 basis point

cut in September. Uh that uh after the

CPI report came in mostly along

expectations, we're pretty much fully

pricing in a cut in September. We're

fully pricing in 2.4 cuts for the year.

But uh the underlying components of

inflation this morning had some problems

in it. Super Ser uh gosh my words just

aren't flowing very well today. Just

bear with me. Super core services

rose at the highest second highest pace

in 16 months, highest level since

January. They're growing at an

annualized 5.8% which is terrible.

Really high inflation. We have seen core

goods inflation go from 2.4% on the

sixmonth to 2.8%

on sorry two yeah 2.4 on the six uh 2.8

on the 3month and then 3.8% 8% on the

one month annualized out which both of

these tell us that inflation is is

igniting whether it's from tariffs or

from Trump's actions or from you know

companies being greedy like airlines

raising prices I guess 4% over the last

month. I I I don't know how that you can

get away with that but that's kind of

crazy. But anyway, uh now what we're

getting is Donald Trump suggesting

that uh Dr. Too late Powell must now

lower the rate. Steve Minutian really

gave me a beauty when he pushed this

loser. Wow. Bagging on Minutian. That's

crazy. Uh the damage has

I like how he's because he appointed

Powell so he's blaming Minutian for

that. The damage he has done will always

being by always being too late is

incalculable. Fortunately, the economy

is so good that we've blown through

Powell and the complacent board. I am

though considering allowing a major

lawsuit against Powell to proceed

because of the horrible and grossly

incompetent job he has done in managing

the construction of the Fed buildings.

Oh my gosh, not this again. Stop.

$3 billion for a job that should have

been 50 a $50 million fix up. Not good.

Oh no.

Anything to distract from the Epstein

files. Oh, I'm actually sorry. I'm just

reading the top comment. Uh,

somebody's got to leave that comment

now. But anyway, uh, as you can see, the

cues are uh, promptly now selling off on

this. This was not on the bingo board

for today. We were supposed to have a

market that was digesting the CPI report

and then chill from there. Uh this is

now a shock that if there's you have to

think about this like would a like what

could somebody sue for and would a

lawsuit have standing? This is a toughy.

Uh if it's a major lawsuit, it could

potentially be from Congress or like

some some senators or maybe

representatives like uh kneebender

Paulina, you know, she'll she'll shill

her name on any kind of lawsuit, you

know, just to just to for for the memes

or for the drama or whatever to pressure

Powell to step down. That's really what

they're trying to do here is they

realize they the Supreme Court has told

them that Jerome Powell can't be fired.

So Donald Trump is looking for a way to

pressure Powell out. And if they sue

Powell personally, maybe,

you know, I mean, obviously, you know,

Powell, who's I'm pretty sure he's an

attorney himself, uh

will will seek immediate relief in

court. suggesting that he can't be sued

because, you know, he's a federal

employee, uh, essentially. But they'll

have to come up with some kind of unique

way about that, saying, well, you know,

he's he's stealing or he's a fraud or or

something like that. And somehow that

goes above the level of uh, you know,

protections that federal workers get

from malpractice at their workplace,

right? You'd have to have some form of

court actually grant standing for this

lawsuit, which I don't think would

happen. However, there could be enough

pressure and drama that Donald Trump is

imposing around this to

kind of force Powell out. I don't think

Donald Trump is a man who or sorry, I

don't think Powell is a man who cares

and I don't think he will be pushed out.

I think he will be very stubborn and

he's not going anywhere. He sees this as

his legacy and and this is this is his

mission uh to do what he thinks is best

for the economy. And honestly, if you

look at the inflation data, Powell's

right. You know, it's like you've got

two problems. You've got Trump's

inflation thanks to tariffs, which is

very real and it's showing up in real

inflation numbers month after month now.

Especially when you look under the hood,

you see the fire in the engine

compartment, right? Uh and

you know, then then you look at the

labor market, you're kind of like, ah,

you know, you're putting Powell in a

tough situation. That said, if the labor

market tanks, which I think it will, I

don't know when, but I think it will, we

won't have an inflation problem. The

inflation problem, the inflation fire

will immediately go out. But that'll

only be because it'll be engulfed by a

bigger fire and that's the fire of the

labor market collapsing. So, um, not

good. Wow. After uh after Donald Trump

yesterday was briefly talked about how

medical marijuana could have its

benefits, I'm not sure sure about the

rest. I made a video and said that, you

know, be careful on marijuana stocks.

Donald Trump is basically implying that,

you know, he could institute some form

of federal bans on marijuana. Now, Fox

News is running cover for Donald talking

about how many poisonings there are from

marijuana, uh, you know, before and

after broader recreational legalization.

Uh, Fox News may as well just be called

the Trump News Network. They may as well

just merge with Truth Social at this

point. Honestly, it's just a mouthpiece

for the White House and and quite

frankly, a recruitment vehicle. Uh, it's

like you go on Fox News to prove your

loyalty. you know, you you you shield

the the knee pads that you're wearing

and then you get a job. Uh it's the

greatest circular door. Uh and I think

Powell, the unique thing about him is

even though he probably will be too late

with the labor market, which again will

be a worse fire than the inflation

problem. you know, at least he doesn't

bend the knee. You know, that guy, he he

might be very wrong, especially if the

labor market tanks,

but at least he took it standing. You

know, so you got to give got to give the

guy some credit for standing up to

Trump's uh bullying here. And that's

really what this truth social message

is. It's it's bullying. It's bullying

Trump or Powell into trying to get him

to resign. uh and unfortunately it's

leading uh the the shock factor of

potential markets to rise.

The the tent two here is considered same

goes for CNN and Democrats of course

circle back Saki circled right on over

to CNN.

Come on folks that's how it works.

Uh but anyway, uh oops.

Uh anyway, so yeah, I mean like think

about this for a moment. You've got this

shock level, which I guess we can't

really see right now because this stupid

uh Nvidia processor crap isn't working.

Uh I thought maybe this that would work,

but I guess it's not today. Oh, is it?

No. Okay, fine. But anyway, uh yeah, the

the shock level. This is this is a tool

right here. The 10 two is a tool that

kind of tells you what's going on with

the

risk level of in in the economy to to

experience some form of larger shock.

Usually we're shock prone above 50 and

we've been bobbing around here for about

4 months. If Powell actually like steps

down, this will probably skyrocket to 80

basis points or maybe even over 1%. And

it's really bad for the economy because

it it potentially means that the 10-year

yield is going to skyrocket. Federal

Reserve credibility will plummet. Uh,

and I'm not saying they have the most

credibility, but they certainly will

have more credibility than than, you

know, some Trump shilling up. So, uh,

it's just not good. It's not good. I I

don't like this. Somebody here

donated€10. Oh, that's nice. That's like

$13. Thank you. A lot of stock market OG

YouTubers have moved

on even deep f in value, but Kevin is

the only legend that's here with us.

Respect Kevin. Respect Kevin forever.

Oh, thank you for saying that. That's

really nice. Um, I'll just I'll briefly

just respond to that because first of

all, it's a very nice comment of yours.

But uh I think what happens is if if for

a lot of people when you make money like

once once people get to this level where

it's sort of like oh I made it or

whatever uh it's it's very common to to

just stop right so you kind of like

disappear. You slow down. Um and and I

don't blame that. I I wish I could do

that. I think my brain is just broken

and like it's not it's this it's there's

nothing this is like no money target for

me. I just want to do stuff and I like

doing this and I like breaking down the

news. So, thank you for saying that.

But, uh yeah, I I want to do this stuff

when I want to be here when I'm older

than JPAL and Trump, you know, in in

like 50 years. I want to be here.

[ __ ]

Uh, anyway, thank you for saying that.

Uh, so, um, I had the same thought that

Powell will be set up, shown either

inept or criminally negle neglectful to

the point of losing his position. I

mean, like, imagine they go arrest

Powell, right? Like, how crazy would

that be? But like if we don't know if

this lawsuit is a civil lawsuit or a

criminal lawsuit, uh if it's a criminal

lawsuit, theoretically, like if they

allege fraud and they throw Pam Bondi

after Powell, they could theoretically

arrest Jerome Powell if this is a

criminal lawsuit or indictment basically

uh against Powell. Uh which is insane.

uh and and really would show that we

really have turned into a dictatorship.

uh at least right now we're like

dictatorship light and we kind of like a

secure border and you know we we kind of

like some of the things that are

happening although other things are

quite loony but whatever you know we

could kind of pick and choose right but

but like if this turns into arresting

Powell or trying to pressure him to quit

I don't know man it's it it it

does screw with what should be the

greatest country in the world and and uh

that doesn't mean it's perfect it's

still a country it's still run by people

still means it has problems, but uh it

should be the one we distrust the least

and instead it's turning into one that

we're distrusting a lot. Like people are

starting to trust China more than the

United States. Like what the hell does

that do? What what who would ever

thought that China was cheering for a

free, you know, market? And I know that

I'm going to get all the comments

because heaven free is not fair.

I I don't want to go down the same

rabbit hole again. We've already made

the arguments here, but you know, who

would have thought that China is trying

to promote a free market and capitalism

and the US is basically promoting

authoritarianism

and firing people because you don't like

the stats

uh or or you know, threatening to arrest

or or you know, sue people into

oblivion. This is just embarrassing is

what this really is. Uh it's and it's

disappointing. I'll put it that way. Uh

but the good news is you can still use

coupon code J-Hole to get lifetime

access to the courses on building your

wealth over at mekevin.com.

Jhole obviously refers to Jackson Hole

coming up where Jerome Powell will be

giving a keynote speech. That's when the

uh coupon code will be uh expiring. And

so you could use that to get lifetime

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that out over at meetc.com. Would love

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>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Pra there, financial analyst and

YouTuber. Meet Kevin. Always great to

get your take.