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Senator Tillis on Trump, Fed Independence, and US Foreign Policy

Bloomberg PodcastsJanuary 15, 202612 min4,990 views
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Skepticism on Iran Claims

  • ๐Ÿ‡ฎ๐Ÿ‡ท Senator Tillis expresses skepticism regarding President Trump's assertion that the killing in Iran has stopped.
  • โš ๏ธ He views Iran as a murderous regime that continuously pursues violence, questioning the rapid shift from thousands to zero.

Concerns About Presidential Advice

  • ๐Ÿง  Tillis believes the President is surrounded by people giving him bad advice, which does not serve his best interests.
  • ๐Ÿ’ก He cites the Greenland position as an example where a fully weighted set of criteria is needed before policy moves forward.
  • ๐Ÿค 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

  • ๐Ÿ‡ฉ๐Ÿ‡ฐ Tillis plans to reassure NATO allies that Congress does not support the idea of the US acquiring Greenland.
  • ๐Ÿ—ฃ๏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.
  • ๐Ÿ›ก๏ธ He asserts that one branch of government (Congress) stands with the NATO alliance on this issue.
  • ๐Ÿšซ He states that an illegal taking of territory from a sovereign nation and NATO member is not good advice.

War Powers Resolution and Venezuela

  • ๐Ÿ‡บ๐Ÿ‡ธ Tillis would co-sponsor a War Powers Resolution if military action were taken against Greenland.
  • ๐Ÿ‡ป๐Ÿ‡ช 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.
  • ๐ŸŒ He believes Venezuela has enormous potential and requires a long-term plan for success, going beyond the current presidency.

Defending Federal Reserve Independence

  • ๐Ÿฆ Tillis is concerned that the DOJ investigation into Fed Chair Jerome Powell could shred the independence of the Fed.
  • โš–๏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states he will block any effort to name any member of the Fed Board until the matter with Powell is resolved (charges withdrawn, adjudicated, or case closed).
  • ๐Ÿ“‰ 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.
  • ๐Ÿค He notes that the concern over Fed independence is a bipartisan issue, with many Republicans and former Treasury Secretaries sharing his view.
  • ๐Ÿ›๏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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Whatโ€™s Discussed

IranPresident TrumpFederal ReserveJerome PowellFed IndependenceWar Powers ResolutionGreenlandNATOUS Foreign PolicyDOJ InvestigationVenezuelaCapitol HillCongress
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