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>> first of all, powell has turned out to be a catastrophic choice. the decision the fed made to raise interest rates this week was really an act of economic malpractice. we have deflation in the economy now. you saw while chairman powell was speaking the stock market fell by 600 points, at a time we need to get more dollars into the economy, he was pulling back on it. so trump certainly is angry at powell as i think a lot of american investors and workers should be angry at him. i am not a lawyer so i don't know exactly what authority he would have to fire powell. i think the most important t...

President trump is said to be less than impressed we should say with jerome powell, the appointed chair of the federal reserve. sources telling cnn that the president has been talking with his lyle advisers -- legal advisers whether he could fire him. >> he blames the interest rate hike for the markets plunging. wall street had the worst week since the 2018 recession, slumping 411 points on friday. for more on this, let's go ahead and get over to senior economics analyst, steven moore, who has also been an informal adviser to the president. steven, let me start with you advised president trump...

With the independence of the fed. i would not expect the fed to be cowed by president trump. at this point, i do not expect trump to fire powell. it could rattle investors. >> i know you spend a lot of time in d.c., congressional reporter, as well. what are you making of this week? this is a time where we saw a lot of things going on in terms of the defense secretary, in terms of the markets, in terms of the shutdown or the partial shutdown. what do you make of this week? >> i think the markets are very nervous. as we saw with the 2% drop in the dow, 2% drop in the s&p 500 yesterday, they're o...