Valuetainment - August 01, 2025


"TOO LATE, TOO ANGRY & TOO STUPID!" - Trump TORCHES Powell Over Fed’s Rate Decision


Episode Stats


Length

13 minutes

Words per minute

198.86038

Word count

2,664

Sentence count

7

Harmful content

Misogyny

1

sentences flagged

Hate speech

5

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The fed holds rates steady for the fifth time this year, but some officials think it's the wrong call. Fed Chair Yellen calls President Trump an idiot and calls him a moron, and the markets go into a frenzy.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 the fed holds rates steady for the fifth time this year but some officials think it's the wrong call
00:00:05.400 okay so this is president trump's best friend for the last week they've been kicking it together
00:00:12.600 all right they've been looking at properties of spending 3.1 billion dollars on it of course
00:00:17.640 patting each other in the back hard you know finally we saw a little bit of powell's personality
00:00:23.320 by putting his tongue out did you see when he when he did the did you see when he did that or
00:00:26.840 no very awkward but you can you saw the child side of him he acted like a 12 year old it was
00:00:31.820 interesting first time ever here's powell giving some good news to nobody my colleagues and i
00:00:40.840 remain squarely focused not your colleagues just say you mandate goals of maximum employment and
00:00:45.380 stable prices for the benefit of the american people despite heightened uncertainty the economy is still
00:00:51.780 in a solid position the unemployment rate remains low and the labor market is at or near maximum
00:00:58.340 employment inflation has come down a great deal but has been running somewhat above our two percent
00:01:03.960 longer run objective in support of our goals today the federal open market committee decided to leave
00:01:11.500 our policy interest rate unchanged the risks of higher unemployment and higher inflation appear to have
00:01:18.100 risen and we believe that the current stance of monetary policy leaves us well positioned to respond in a
00:01:24.460 timely way to potential economic developments okay so listen i'm not an economist back by a long shot
00:01:32.900 yeah but he just said we are kicking ass everything looks good but you never know shit might hit the
00:01:40.100 fan so to hell with all of you is that a right angle you know a part of me is so happy he's not
00:01:46.000 lowering interest rates why do you know why why okay but was i right from my my assessment of what
00:01:52.000 he just said listen he could have said this in five seconds we are not lowering peace out slap
00:01:56.720 somebody in the back yeah and maybe he could have added screw you trump like something like that
00:02:01.220 right which is really what he wants man but you know a part of me hopes he holds out for the rest of
00:02:07.760 why let me tell you why because to me i would love for rates to not be lower till 2026 why because i
00:02:17.940 believe 2026 is going to be the greatest year of our lifetime really i'm telling you okay u.s 250 year
00:02:25.520 birthday yep trump turns 80 yeah world cups come in here holy moly and someone's going to have to keep
00:02:31.520 lowering interest rates markets going to go bam oh wow money's going to be made in every way dow record
00:02:39.340 every day smp record dow record nasdaq record record bitcoin record it's going to be all of that whole
00:02:46.500 powell keep it going buddy keep doing what you're doing because by 26 someone's going to lower the rates
00:02:53.720 and when they do it's going to be boom like this the day the announcements made when they lower the rates
00:03:00.700 markets going to skyrocket i just hope it's not till 2026 and by the way to my real estate friends
00:03:07.740 don't come slashing my tires don't come protesting outside of our office i'm telling you right now
00:03:12.700 and no i'm not buying a house right now from you okay so don't call me all i'm telling you is i want
00:03:18.160 the story and i think the story for 2026 is going to be awesome powell keep it going buddy please
00:03:26.760 tom your thoughts on this and then tommy i'll come to you well what was really
00:03:30.680 funny um uh i was talking to somebody and watching it live yesterday and i immediately
00:03:37.360 tweeted out as soon as i heard him say that and i turned to the person that was in my office and i
00:03:41.780 said did you hear that did you hear that click what's that the minute he said rate stable i heard
00:03:46.880 a click you know what it was trump hit caps lock i said stand by we're gonna get we're gonna get
00:03:52.740 tweets overnight but what's interesting did he did he actually tweet about it or no uh i have not
00:03:58.500 seen i yeah he he truth socialed this morning he did this yeah okay he called him an idiot and a 0.68
00:04:04.440 moron
00:04:04.800 was it in all caps stand by
00:04:09.780 i don't know caps in it yeah it was true true social this morning oh there he is he is too late
00:04:16.100 oh there we go stupid so i was prepping for podcasts i didn't see that one first first thing 0.65
00:04:20.980 in the morning too angry too stupid and too political all caps so i was right so what's what's very 0.70
00:04:26.780 interesting is um there were some people out there that felt there should have been a cut now uh most
00:04:31.760 notably uh folks at schwab uh schwab uh published a paper yesterday that said look the pace of consumer
00:04:37.840 spending has slowed uh job openings have slowed and we are seeing bulk layoffs um microsoft said that
00:04:44.800 we're have a reconstitution uh we're reconstitutioning our uh our workforce with ai 9 000 people were laid
00:04:52.700 off i believe it's three weeks ago with microsoft so schwab was saying you know there's data out there
00:04:58.640 that says that perhaps the the economy could use it right now and what was interesting there were
00:05:05.600 two dissenters one more prominent than the other the two dissenters that said they disagreed that
00:05:11.860 they thought a quarter point now were on the on the fed committee and it was christopher waller
00:05:16.940 and michelle bowman now michelle bowman is more significant you know why because christopher
00:05:22.620 waller is known and has been leaking and speaking to friends allegedly and christopher i'm sorry i'm not
00:05:28.160 trying to upset you but your name's been put in the hat by by proxies and people around you you'd
00:05:33.460 like to be the next chair of the fed and we all know why because you're serving us very very well
00:05:37.280 as part of the fed you're a smart person and you're like hey i'd like that next job that's completely
00:05:42.080 normal so people kind of discounted waller well waller's trying to do that to lean with trump now who
00:05:47.560 knows if that's the case or waller just really believes the economy could use a quarter point cut
00:05:51.640 perhaps but michelle bowman to come out and say hey i do think the economy is ready for a quarter
00:05:58.240 point uh cut uh i thought that was very significant and the uh cme fed watch tool which i watch a lot
00:06:05.900 and i also keep my eye on what's called the dot plot and for those of you scoring at home these are
00:06:10.520 just tools where people are monitoring the fed and i do it and talk about it so you don't have to
00:06:14.940 the fed watch tool says we have a 68 chance now of a 25 uh basis point cut in september and another
00:06:23.020 65 chance of a 25 cut in december and the dot plot is going to be updated right now i think it's stuck
00:06:30.780 on its may update uh that's where it is and then yep and now cme has got a couple different um
00:06:39.520 audiences that it tracks and there's an audience that rob just put up that thinks there's a 60 chance
00:06:43.580 so that's what's going on now people talk about mortgages a lot affordability and housing is tied to
00:06:50.040 the price of that house because the price you pay dictates the property tax and property taxes have
00:06:55.320 gone way up for consumers since 2021 22 because the price of the house went up then to ensure that
00:07:02.680 your homeowner's insurance goes up because you're insuring a more valuable property but people are
00:07:08.520 forgetting so interest rates can help unthaw the market but you also have the trump budget needs
00:07:14.860 these rates to come down for the interest on the debt which is in the trump budget also kelly loffler
00:07:21.420 has been doing a very good job at sba with her team she needs interest rates to come down because
00:07:26.380 she's got money that she wants to loan out the small business now on more favorable rates with more 1.00
00:07:32.180 favorable programs for small business america and the trump administration is trying to get that out
00:07:36.740 so for everybody that says oh biz stock you go on and on like this you've did the home values are
00:07:41.840 making it expensive home values are part of affordability i get it property taxes insurance
00:07:46.780 i get it but the interest rates is sort of the entry cost to get in there and that will help thought
00:07:52.360 but there's other things that are going on there that are very important to the administration
00:07:56.280 that they want the rates to come down what do you think about the story well i'll tell you this i
00:08:00.280 understand why president trump is frustrated and i think he let it be known a total loser and our 0.58
00:08:06.020 country is paying the price president trump hates to see america in any way lose or what he feels
00:08:12.420 is losing everything under his control is america winning right now economically they said the tariffs
00:08:18.840 were going to cause some kind of apocalypse that didn't happen real wages up gdp up things are looking
00:08:24.800 good they said when we started deporting illegal aliens that we weren't going to have a workforce and
00:08:28.700 that everything was going to collapse no one was going to pick the vegetables okay that has yet to
00:08:33.120 happen trump's instincts have been correct this is the last thing where he's like i got the big
00:08:37.760 beautiful bill i'm given no tax on tips overtime social security now i need this this is the final
00:08:43.340 piece of the puzzle and it frustrates him and i get it i love your optimism about 2026 by the way i think
00:08:48.780 that's great we can hold on till then i think but i understand trump's frustration and to your point
00:08:55.660 the small businesses that are like things are looking good we want to expand we want to hire more we
00:09:00.220 you know we're so excited right now they're chomping at the bit to get going and president
00:09:05.460 trump wants to see that for them so it's frustrating for him but i think it's a game of chicken and
00:09:11.060 powell doesn't want to be the one who caves to trump right and costing our country trillions of dollars
00:09:16.200 that's the interest on the debt that's part of the trump budget yeah adam so there's so much
00:09:21.540 conversation about trump being a dictator trump's an authoritarian and he's going to be a king
00:09:26.180 he can't even control his own appointed fed chairman let's not forget about that for all
00:09:32.920 the people out there that think that trump is just some authoritarian dictator he can't even convince
00:09:39.600 the person that he put in place as the fed chairman to lower rates even after calling him out calling
00:09:46.020 him a loser calling him stupid calling him too late saying that he's the worst person for the job 0.66
00:09:50.280 this is why i love america because jerome uh powell will look at trump and be like
00:09:55.380 yeah i don't really care what you have to say buddy actually respect that i actually love that
00:10:00.320 do i think that it's time to lower interest rates possibly you know the fed has two what two
00:10:04.740 main jobs to cool inflation which is at 2.7 percent their target rate is two percent and to keep
00:10:11.800 america working and make sure that the unemployment basically stays uh where it is right now don't look
00:10:17.800 now but america is doing pretty damn good uh all the talk in the spring about america going into
00:10:22.880 recession that conversation's over stock markets at basic all-time high bitcoin at all-time high
00:10:28.400 gdp per capita incredible strong dollar consumer confidence the vix is very low the fed fund rate
00:10:34.580 right now is what at four and a half percent prime rates at seven and a half percent the united
00:10:39.400 states economy is the envy of the world and i think jerome powell as much as trump hates him kind of
00:10:45.200 knows what he's doing i just don't know if this is personal political or if it's a straight economic
00:10:49.200 but we'll wait and see what happens in september right yeah i mean look to me even though tom is
00:10:57.120 saying there's two more the 65 chance september and bless you one more in december i'm hoping it's
00:11:02.700 just one instead of two and the president has to realize he's going to be president for
00:11:08.120 three and a half more years okay closer to three years now sir i know but it's still three years and
00:11:13.780 five months but he's going to be in there for nearly three and a half more years midterms are
00:11:19.100 not till when november okay so imagine they they do only one rate increase a rate cut in december
00:11:26.960 and then the market goes off in the year of midterms right record-breaking guess what's going to happen
00:11:35.760 with house guess what's going to happen with flipping some seats i actually would like the momentum to
00:11:41.800 not happen till we get closer to midterms truly i i like it to not happen till we get closer to
00:11:47.860 because nobody if you look at the market like hey my 401k's up hey my hey my bitcoin dude i don't want
00:11:52.860 to do anything let it keep from i'm not going to say i'm a republican but we're going to stay quiet
00:11:55.500 we're going to know that's what's going to happen if the market's doing good so he's got time you were
00:12:00.180 asking about the latest polo shirts that are coming up uh it took us a few months to get them they're
00:12:04.700 finally in i wore one of these everybody was asking where did you get these vitamin polo shirts
00:12:08.480 they're right there we got them in brown black white gray and another white there's a bunch of
00:12:14.380 them on here for those because it's hot yesterday we flew them from orlando we're on a flight
00:12:18.500 flying back on this uh private jet and we're asking the pilot hey can you turn on the ac i can't turn
00:12:24.580 on the ac mario makes the mistake of asking the guy says i heard this is a this is a mock what did
00:12:30.760 he ask him he says does it go mock and the guy was like yeah it goes mock 1.5 it was actually
00:12:35.020 one point one of distance and then next you know we get on the jet and this guy goes
00:12:38.560 he starts doing all this stuff showing off i'm like what is this guy doing on the way back we're
00:12:42.680 flying low he says i can't turn on the ac i get off the plane you're you remember what i look like
00:12:47.560 i get off the plane my entire shirt is flipping you know drenched and this is why tommy just announced
00:12:56.780 she's moving to florida because she loves the humidity here but for some of you guys that are in
00:13:00.280 the heat you want to wear a polo shirt and uh have the vitamin gear on uh go place your order
00:13:05.900 at vtmerch.com we did not order too many of these but if you want to get them go to vtmerch.com place
00:13:11.920 your order support them we were at orlando at the gaylord event cannot wait to see all of you guys at
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