Senator Tillis on Trump, Fed Independence, and US Foreign Policy
Bloomberg PodcastsJanuary 15, 202612 min4,990 views
43 connectionsยท40 entities in this videoโSkepticism on Iran Claims
- ๐ฎ๐ท Senator Tillis expresses skepticism regarding President Trump's assertion that the killing in Iran has stopped.
- โ ๏ธ He views Iran as a murderous regime that continuously pursues violence, questioning the rapid shift from thousands to zero.
Concerns About Presidential Advice
- ๐ง Tillis believes the President is surrounded by people giving him bad advice, which does not serve his best interests.
- ๐ก He cites the Greenland position as an example where a fully weighted set of criteria is needed before policy moves forward.
- ๐ค He emphasizes that any aspiration for Greenland to become part of the US would need to be a negotiation, not a unilateral action.
Reassuring NATO Allies on Greenland
- ๐ฉ๐ฐ Tillis plans to reassure NATO allies that Congress does not support the idea of the US acquiring Greenland.
- ๐ฃ๏ธ He clarifies that a presidential advisor's statement on Greenland becoming part of the US cannot be the official position of the US government.
- ๐ก๏ธ He asserts that one branch of government (Congress) stands with the NATO alliance on this issue.
- ๐ซ He states that an illegal taking of territory from a sovereign nation and NATO member is not good advice.
War Powers Resolution and Venezuela
- ๐บ๐ธ Tillis would co-sponsor a War Powers Resolution if military action were taken against Greenland.
- ๐ป๐ช Regarding Venezuela, he is pleased with the precision of getting Maduro into custody but states that if boots go on the ground, a War Powers Resolution would be necessary.
- ๐ He believes Venezuela has enormous potential and requires a long-term plan for success, going beyond the current presidency.
Defending Federal Reserve Independence
- ๐ฆ Tillis is concerned that the DOJ investigation into Fed Chair Jerome Powell could shred the independence of the Fed.
- โ๏ธ He states he will block any effort to name any member of the Fed Board until the matter with Powell is resolved (charges withdrawn, adjudicated, or case closed).
- ๐ He believes that the threat of a lawsuit can be a de facto end to the Fed's independence, which would negatively impact global markets.
- ๐ค He notes that the concern over Fed independence is a bipartisan issue, with many Republicans and former Treasury Secretaries sharing his view.
- ๐๏ธ Tillis aims to ensure the President has a strong legacy, but some advisors are focused on the moment and transaction rather than historical impact.
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IranPresident TrumpFederal ReserveJerome PowellFed IndependenceWar Powers ResolutionGreenlandNATOUS Foreign PolicyDOJ InvestigationVenezuelaCapitol HillCongress
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