cleaver: thank you. let me just say i've been on this committee for 12 years, and i've seen chairmen, republicans and democrats, and whether they are republican or democrat, they need to be independent. thank you, mr. chairman. >> gentlemen's time has expired. the chair recognizes the gentleman from ohio, mr. davidson. rep. davidson: thanks for joining us today, chairman powell. i might reflect on a ring on february 24 in the same room, frankly via zoom for a lot of people because it was the height of covid. during my five minutes you felt confident that inflation being 1.4% with standard control, it wouldn't be an issue despite the very large increase in the supply of money. in a subsequent meeting, frankly in my office, we discussed milton friedman's quantity theory of money in depth, and you believe it is no longer relevant, that inflation would not hit consumers. we debated asset prices during the hearing, and you claimed that the federal reserve's massive purchases of treasuries did not distort the

what do you think about this kind of cleaver approach being wielded here?ve about the appropriate size of government about, you know, the priorities of this administration and how those priorities should be funded. the budget process, that you can have that kind of discussion in. you know, you certainly could the federal government shed some of the buildings that it has, some of the space in those buildings. i'm sure that there are spaces that are underutilized and could be shed, but to just apply this 50% meat cleaver approach without having any idea about the implications of that, the consequences for agency operations, and more importantly, the impact on the american people. it's irresponsible. >> yeah. >> it also just seems like one of the best talent takes the buyout. and then what do you do? what if you've got like, 12 people who are the only 12 people in the federal government who are really good at this thing, and eight of them go. like it just seems. here, let me let me give this example of just how wide, how meat cleaver the approach was. the a fe

this case, what i think we might all need to understand is you might need to you might need a meat cleaver an entire arm of the federal government. right. and so it's going. >> to take my point being, is, yeah, my point being with the cia and frankly, with the fbi too, you have to be careful, right? a lot of these people are doing incredibly, very important work. right. what are you going to do? you're going to decimate the, the operations group within the cia that that oversees china operations when china is our leading threat, you know, you so you have to be you have to be very careful about how you do it. i'm not saying you don't do it. i'm just saying be be measured and understand the complexity of it all. it's not just as simple as saying, hey, we're going to clean house. >> well, hopefully that entire department isn't the one that takes the buyout. to your point, mike, great conversation as always. thanks for joining us from over there. appreciate it mike. >> thank you. will take care man. >> all right. all right. the plot thickens blake lively facing another lawsuit. where is all th

, and it's because we have people in place to make sure things happen properly and to take a meat cleaver more or less and start whacking away at the system may not be the best solution. as far as trying to find ways to pare down the costs. >> fired workers could be barred from faa facilities as soon as tomorrow. all right, let's move on now to the accuweather forecast after a calm and dry presidents day. we are already tracking our next chance of rain. and abc seven news meteorologist sandyha patel is here. sandy. this obviously not nearly as intense as the last week's storms, right? >> not at all. dan, this is just going to be a little teaser, if you will. so let me show you a live picture right now from our emeryville camera. it's a beautiful view of san francisco on this presidents day. here comes live doppler seven and the storm for wednesday. now all the energy is going to go into the pacific northwest and northern california. we're really just going to get the tail end of it. so let me show you what you can expect. wednesday at 5 a.m, some showers move into the north bay, really sc

, and it's because we have people in place to make sure things happen properly and to take a meat cleaver more or less and start whacking away at the system may not be the best solution. as far as trying to find ways to pare down the costs. >> fired workers could be barred from faa facilities as soon as tomorrow. all right, let's move on now to the accuweather forecast after a calm and dry presidents day. we are already tracking our next chance of rain. and abc seven news meteorologist sandyha patel is here. sandy. this obviously not nearly as intense as the last week's storms, right? >> not at all. dan, this is just going to be a little teaser, if you will. so let me show you a live picture right now from our emeryville camera. it's a beautiful view of san francisco on this presidents day. here comes live doppler seven and the storm for wednesday. now all the energy is going to go into the pacific northwest and northern california. we're really just going to get the tail end of it. so let me show you what you can expect. wednesday at 5 a.m, some showers move into the north bay, really sc

people in play have scalpel-like tendencies when they fund-raise, and rod was probably more of a meat cleaver] -[telephone rings] -kelly and rezco were using government levers to squeeze anyone they could for a campaign contribution-- kickbacks like a cushy job or a fat contract, a little light extortion such as holding up teachers' funds. they had deep pockets to fill and a financial machine to do it. you can't trade official actions as a governor in exchange for campaign contributions or jobs. i mean, there is one simple word for that. it's called graft. graft is simply the use of political power and authority in exchange for personal gain. to state the obvious, appointing unqualified people to state positions because you wanna use the government as a vending machine for your political campaign-- that's completely illegal. the m.o. was to make money from every state petitioner possible, and small-town hospital ceo pam davis looked like just another easy mark. but in this case, the whole shakedown process is recorded by the hospital executive who was getting shaken down. [laughs] woman: he n

he came in with a meat cleaver, cutting away government waste and spending.what he did in argentina, he had the number of ministries downgraded, ministry of education, culture, gender and diversity, public sector workers down 10%. that's nearly 400,000 jobs. what's the effect? was there an msnbc hyperventilating about argentina? and what did they say now, that argentina inflation has had a five-year low, for half the air? perhaps, the success for america could have been modelled in argentina. that the deep dive on doj for today. we are still monitoring palm beach, florida, on the bottom of your screen right there we are expecting trump to come in and talk about new executive orders that he signed today. we're probably also expecting a wide range q&a. we hope that we can take that as well as get to what we think is a big show for you including transportation secretary, sean duffy, alex on the flu that is spreading all around this nation and, dr. kevin costner joining us. talking about his new box nation specially much, much more. before you go to extremes to f

it's right because we have people in place to make sure things happen properly and to take a meat cleaver more or less and start whacking away at the system may not be the best solution. as far as trying to find ways to pare down the costs. anytime you're dealing with a systems that are advanced warning systems, it gets a very delicate issue, and it'd be better to go a little slow, a little more prudent before we just start whacking away at some of these programs with not knowing what they're going to impact. >> the agency was already facing a shortfall of controllers with overworked and understaffed air traffic control systems. >> a judge could rule as soon as today if elon musk's team at the department of government efficiency can continue to fire thousands of federal employees. the ruling comes as there are new questions about the type of information the doj's team is trying to get. after it was revealed they asked for access to the system that contains tax filings and bank statements of millions of americans. top trump administration officials insist this does not mean musk and his te

but when you take a meat cleaver to the federal government and all of these various agencies, there'so doubt going to be collateral damage, including on the people who voted for trump, people who supported trump, who might see themselves being impacted by these significant changes, these significant cuts, these programs that could be on the chopping block, that help people who voted for trump, as well as people who voted against trump. and so i think that's something that the trump folks are hoping that they will be shielded from some of the backlash from this. but at the end of the day, even, you know, regardless of who's on the time magazine cover, it is donald trump at the resolute desk, and he is the one who has to say the buck stops with me. so if people are unhappy with some of the things that are happening at doge, and we have heard that thousands upon thousands of people are calling their congress members to raise flags and say that they're unhappy with the and concerned about what's happening with their private data, potentially in the hands of these unelected bureaucrats. th

. >> as donald trump, elon musk and all the doge minions take a cleaver to federal agencies, governorsgrappling with the impact, in many cases fighting back. thank goodness. that's especially true of maryland governor wes moore, because a massive share of federal employees call his state home, and many of them are facing a very uncertain future. i caught up with governor moore after he delivered his state of the state address this week, where he discussed his plans to take on the uncertainty, confusion and chaos being sowed by this administration. here's our conversation. so you just delivered your state of the state address this week. and in that state of the state address, you said that maryland is being tested by a new administration in washington. you said we've seen the beginnings of a trade war, the shuttering of federal agencies and plans to lay off thousands of workers. these ideological moves will have the distinct impact of hurting the middle class. you are in a unique spot for a range of reasons, but including maryland is right next to washington, d.c. that's right. you're h

. >> we reincarnated daniel cleaver back to life. >> let us have what we want.don't want me doing your numbers, 100%. yeah. it's something i will go back to certainly, yeah. i love it. but you too! >> i know. but i don't love it like you love it. >> really? >> no! that's why i do tv. >> that's right. >> i think the happiest lawyers are the ones who aren't practicing. don't get mad at me, lawyers. thank you so much. it is always a pleasure. the movie is really, really fun. she's back for more in the 3rd hour. you can catch "mad about the boy" streaming now on peacock. >>> they say great friends are the ones you don't have to talk to all the time but when you see them you go right back to that place where you left off. these guys do that for me. 25 years ago we spent a lot of time together. we have a lot to catch up on. but, first, this is "today" on nbc. er. we have a lot to catch up on. but, first, this is "today" on nbc. >>> the citi concert series. is proud by sponsored by citi. ♪ every time we're down, you can make it right ♪ ♪ and that makes you larger than

cleaver, for five minutes. >> thank you, mr. chairman.o our very capable and courageous ranking member. mr. chairman, thank you for being here today. as you know, my words, the cfpb has been disemboweled over the last 10 days or so, which probably, there may not be much concern here on the hill in certain quarters, but there are two things that i want to ask you about. you know, rules over at cfpb must be from time to time updated. right now, there is no system for updating any of the rules and one of the other issues is that, is there a regulatory gap or are there regulatory gaps that you can see clearly that people can feel because there is essentially no cfpb for the first time since the end of the great recession? >> i don't think we know where this comes to rest. you may have seen last night that the administration nominated somebody to be permanent head of the cfpb. so i'm not sure what the end intention is here, but if you assume that it goes away, then, yeah, there would be a gap. there wouldn't be anyone-- any federal agency that

but what i'm seeing is that it's done in such a meat cleaver way, it's much more about destruction. and i want to make certain that whoever is the director of national intelligence has the experience and the credibility within the intelligence community to defend the legitimate role that that intelligence community plays in our national security. ms. gabbard has maintained a security clearance for many years. however, this job is much more than about having had a security clearance. it's about judgment and character and integrity that must go along with that. you're required to prepare a full-eye -- clear-eyed -- that's a very, very challenging task for a person who serves in the trump administration. i have also been concerned about some of the judgment calls that ms. gabbard has made, refusing to acknowledge what we all know. edward snowden broke his oath to protect classified information. edward snowden betrayed the trust given to him and every other american who holds a security clearance. and, by the way, mr. snowden had a whistleblower protocol he could have followed by chose