That means they are making a defensive move that potentially they think the economy is looking tougher than they thought it was so by lowering rates, who is it good for its good for those that want to borrow remember if you want to start a business if you want to buy a home, a car, thats a positive if are you a saver, if you are living your life off of fixed income, thats not a positive. Its not new that any president does not want to see rates go higher while theyre in officer. They want them lowered Jerome Powell is not an enemy of the people but to cut rates to zero would leave the fed with absolutely no cushion. In we really did head into rocky times and remember, the economy is okay. Were at full employment so to take rates from where they are to absolute zero would leave us with absolutely no safety net. The president wants it down at zero. Why does he believe he will be benefiting from a ro rate because stocks will go up remember if you are fully invested in bonds and are you a
Ally of pompeos that is significant, of course, coming on the heels of the oust of the president s former National Security adviser john bolton, who was widely perceived as being a hawk, someone who clashed frequently with pompeo, with President Trump, frankly, one of the breaking points of course over how to handle iran and whether or not the president should invite members of the taliban to camp david. Something that bolton was staunchly opposed to and of course those are just among the elements that led to his oust so its believed that obrien will work close by with pompeo and we assumed that the president was going to pick someone who had a Good Relationship with pompeo it raises the question, how many dissenting voices will there be. Its also worth noting obrien most recently got headlines for helping to secure the release of rocker a ap rocky who was helping held in sweden some folks might remember his name for that reason i want to underscore a point that you make, the timing of
Environmental regulations. Well dig into that in just a moment we start with breaking news. President trump just named a new National Security adviser, his fourth in 2 1 2 years. Thats the most any president has had in his first term. Lets go right to the white house. Thats where we find nbcs kelly odonnell. Kelly o. , what do we know about Robert Obrien. Reporter Robert Obrien has been part of a few of the moments of the Trump Administration that the president has been most likely to boast about, and that is the return of americans held overseas as hostages or captives he has been serving as a negotiator on behalf of the u. S. State department for house taj situations if you can picture in your mind, craig, some of the occasions where the president had a newly returned american sint in the oval office, Robert Obrien has been there through those occasions hes worked with secretary of state mike pompeo. Because of all of that, thats sort of the way the president has gotten to know obrie