The Daily Signal - President Trump & Fed. Chairman Powell Face Off, DOJ Replaces Alina Habba with Herself | July 25, 2025

Starting point is 00:00:00 President Trump and Federal Reserve Chairman Powell chat at the new Fed building site. Democrats try to dunk on grocery prices and it goes poorly. And the Trump DOJ replaces U.S. Attorney Alina Haba with Alina Haba. I'm Tony Kennett, host of the Daily Signals Tony Kenned cast, syndicated nationally at 7 p.m. Eastern. Thank God it is Friday, July 25th, 2025. This is the Daily Signals top news in 10. Amid more than a bit of tension between President Trump and

Starting point is 00:00:33 Federal Reserve Chairman Jerome Powell, after Powell has refused to ask the board to lower interest rates in the United States, though a lot of President Trump's economic policies have made things a lot better than they were under the Biden administration, though Powell did lower interest rates right before the election in 24, or at least asked the board to do so, and then a lot of bickering and squabbling and threats to fire and threats to do this, that, and the other. President Trump toured a new building site. that is also the center of a growing controversy with Chairman Powell earlier yesterday.

Starting point is 00:01:09 The dispute surrounds how much the building is costing the federal government and whether or not these figures were represented appropriately and correctly before the American people because the taxpayer is, in fact, footing the bill of the project. Now, the blueprints for this project included rather strange things like federal building rooftop beehives amid a couple of other amenities that perhaps one might. not find essential for the Federal Reserve. But alas, here is Senator Tim Scott, President Trump,

Starting point is 00:01:41 and Chairman Jerome Powell touring the facility when a little bit of tension arises. The reason why we wanted to see it was the overruns of the expenses, wanted to figure out why. So we're taking a look, and it looks like it's about $3.1 billion, one up a little bit, or a lot. So the 2.7 is now 3.1. I'm not aware of that. Yeah, it just came out. Yeah, I haven't heard that from anybody for the Fed. Yeah, it just came out.

Starting point is 00:02:14 I noticed that at about 3.1 as well. 3.1, 3.2. This came from us? Yes. I don't know who does that. You're including the Martin renovation. You just added it in a third building is what that is. That's a third building.

Starting point is 00:02:31 It's a building that's being built. No, it was built five years ago. We finished Martin five years ago. It's part of the overall work. So we're going to take a look. We're going to see what's happening. And it's got a long way. Do you expect any more additional cost of runs?

Starting point is 00:02:51 Don't expect them. We're ready for them. But we have a little bit of a reserve that we may use. But no, we don't. Expect to be finished in 2007. We're well along, as you can see. Nice to take these off every once in a while when we're not under too much danger. So any questions?

Starting point is 00:03:11 President Trump then summed up at the end of the visit. Well, we had a little talk about it, and I thought it was a very productive talk. He'll be able to tell you at his next meeting, but I will say that he did say the country's doing really well. In the middle of a rather rough communication cycle for the DNC and officials on the Democrat side of the aisle in Congress, the Democrats' attempt to tempted to post a kind of graph dunking on the Trump administration for the rise in grocery prices, at least according to this graph, showing cheese, alcohol, grocery prices in general,

Starting point is 00:03:46 dairy, produce, and meat climbing in average cost over a period of six years. And they posted this with the caption, Trump's America, saying prices are higher today than they were on July 2024 in all major categories listed. below. There are a few problems with this, mainly that the graph shows that during the Biden administration from 2021 through 2024, prices climbed not just steadily, drastically. And then at the beginning of the Trump administration, a lot of those prices started to either taper off, go through the classic ebb and flow, the raise and lowering, and then some prices went down since the beginning of 2025. After a lot of dunking and humiliation from many in the pundit class, the media class,

Starting point is 00:04:39 and yes, yours truly, the Democrats did delete the tweet, deciding to advertise that the federal minimum wage has not changed since 2009, sitting at $7.25. A couple of problems with this too, of course, given that Democrats held power from 2009 through 2016, and then again, from 2021 through 2024 when the federal minimum wage did not change at all. Additionally, they drew a bit of scorn over illegal immigrants working in the country that are not paid a minimum wage, who many of the Democrat members have suggested from the congressional and the gubernatorial and the city government side, for example, like Los Angeles Mayor Karen Bass or Chicago Mayor Brandon Johnson, that illegal immigrants are necessary as part of the labor

Starting point is 00:05:28 forced to participate in agricultural and service industry jobs that pay a lot less than federal minimum wage. And lastly, because of the holdup in the U.S. Senate due to Senate Minority Leader Chuck Schumer, causing every single appointment and confirmation hearing to go the full 30-plus hours leaving quite a backlog of Trump nominees left unconfirmed as of yet, Alina Haba was placed by the Trump administration as the acting U.S. attorney in New Jersey. She then filed charges against Representative LaMonica McIver, a Democrat, after McIvor was seen on camera body slamming federal agents in an attempt to break into the Delaney ICE facility outside of Newark. Hakeem Jeffries, the House Minority Leader, encouraged several judges to work together to vote to replace Alina Haba as acting U.S. attorney after the 120-day interim term. This was accomplished on July 22nd.

Starting point is 00:06:33 They replaced Habba with her deputy, Desiree Grace. But here's where the interesting part comes in. Because the Department of Justice has direct authority over acting U.S. attorneys, Attorney General Pam Bondi's office simply fired the assistant that took the place of Alina Haba. Then the Trump administration appointed Alina Haba as acting U.S. attorney in New Jersey yet again. In summary, we went from seeing Alina Haba as the interim U.S. attorney for the district of New Jersey. Then a group of judges at the request of House Minority Leader Hakeem Jeffries, for whom which this action has caused a serious ethics complaint,

Starting point is 00:07:12 causes those judges to remove Alina Haba, who then officially steps down as interim U.S. attorney for the District of New Jersey and then is appointed by President Trump as acting U.S. attorney in New Jersey. Before you go, head down to the description and make sure you're subscribed to the Tony Kennedcast. And make sure you join us tonight at 7 p.m. Eastern. over on YouTube, where we're going to be taking a look at the last roundup of this week's news and nonsense. A couple of special things just for those who are tuning in on the live stream as well.

Starting point is 00:07:43 Look forward to seeing you there. I'm Tony Kennett, and this has been The Daily Signals. Top News in 10. Take care.

The Daily Signal - President Trump & Fed. Chairman Powell Face Off, DOJ Replaces Alina Habba with Herself | July 25, 2025

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