Rep. Ro Khanna says Trump is following Nixon's playbook in attempt to 'interfere' with the Federal Reserve

[BumRushDaShow]

Source: NBC News

Aug. 31, 2025, 9:23 AM EDT


WASHINGTON — Rep. Ro Khanna, D-Calif., said that Federal Reserve governor Lisa Cook should release her mortgage documents but accused President Donald Trump of “following Richard Nixon’s playbook to interfere with” the Federal Reserve.

Khanna’s comments in a Sunday interview on NBC News’ “Meet the Press” come after Trump moved to fire Cook on Monday, pointing to allegations of mortgage fraud. Cook is challenging the move in a lawsuit.

The lawmaker was referring to President Richard Nixon pressuring the then-Fed chair to keep interest rates lower before the 1972 election, which Nixon won before resigning two years later because of the Watergate scandal.

Decades later, Trump’s attempt to fire Cook marked an extraordinary move to exert control over an independent agency, a move that Democrats have painted as “authoritarian” and a “power grab,” while Trump accused Cook of “deceitful and potentially criminal conduct.”

Read more: https://www.nbcnews.com/politics/congress/ro-khanna-trump-nixon-playbook-federal-reserve-lisa-cook-mortgage-rcna228264

[louis-t]

1. You do know that he recently acquired $100 million in US Treasury Bonds?

This is the ONLY reason he is pestering Jerome Powell to lower the prime rate. When interest rates go down, the value of those bonds goes up. Simple as that. He's firing people, threatening people, criticizing people, just to make money.

[Martin68]

2. Trump doesn't know enough to "follow Nixon's playbook," but he is surely getting help from more knowledgeable people in

his administration. He has some clever people using previous conservative initiatives to lay the groundwork for Trump's dictataroship plans.

[Yo_Mama_Been_Loggin]

3. And that asshole Nixon gave us double digit inflation

I'm old enough to remember.