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birthday to steve moore, joanie joel shulman john lonski appreciate it the largest u.s., "fox business" kelly saberi live from chicago show with a look kelly. >> good morning, cheryl we have fancy cars here like this forevered massive arriving logo even though cool it might be even more expensive with looming tariffs on the way i will explain just ♪ ♪ . ♪ i'm thinking of updating my kitchen... —yeah? —yes! ...this year, we are finally updating our kitchen... ...doing subway tile in an ivory, or eggshell... —cream?... —maybe bone?... don't get me started on quartz. a big big island... you ever heard of a waterfall counter?... for everyone who talks about doing that thing, and, over there. but never does that thing... a sweet little breakfast nook. chase has financial guidance. let's see how you can start saving to make this happen. —really? —really? really. at home or in-person. you could also check out a chase money skills workshop. that's guidance from chase. make more of what's yours. (♪) car, this isn't the way home. that's right james, it isn't. car, where are we goi

economist steve moore with me now on that, and i want to get on that in just a second, but we have someaking news here. i'm i'm sorry for hitting you with it unknown, but the head of the consumer financial protection bureau has been fired. now, a lot of questions about whether that institution, which is essentially a creation of liz warren and some of her buddies in the senate, whether it should exist at all. do you think this is the first step in getting rid of that that bureau? if. >> well, david, thank you. you're making my day. [laughter] because we've been -- i only complained, mr. president, what took so long? she was one of the lead troublemakers in the biden administration. any business whether it was a credit card company or a bank or a technology the company or a 7/eleven was, you know, a accused of price gouging. and so she was incredibly anti-business. and if anti-worker, i would say, so i'm so glad that she's gone. now, that question youd asked me about whether the cpbb is even constitutional a, i don't know. i'm not a constitutional a lawyer, but i'm just so pleased the he

bring in robert wolf, fox news contributor and former economic advisor to president obama, and steve moore, the heritage foundation and senior fellow, economic advisor to president trump. i will start with you first on this. while most of us who have studied history, and obviously canonic history, we know how difficult it is to bring prices down once they go up. we can slow a -- inflation, but bringing those prices down is difficult. has the administration done enough to manage expectations and make sure of the american public knows that the target is inflation, to slow inflation right now? >> the problem for trump is that, in the last few months that biden was president, we saw inflation rising again. i think this next report we get out later this week is going to show a significant bump in prices. trump wasn't even in office when that happened, so it will take, i think, about 3 to 6 months to start seeing the effect of trump's policies on inflation. the main influence that i think trump will put in terms of downward prices is for drilling more oil, cutting people's taxes, deregulating th

thank you very much steve moore you are historically a big free trader you would like to have 0 tariffsing right now, are you concerned about what's going on? >> and there's some special tariffs on canada, china and mexico and other tariffs that will be imposed on china and the new idea was very intriguing about reciprocity. i don't like the steel tariffs they don't create jobs in the united states they make steel for manufacturing i don't think steel and aluminum were very effective. i'm very intrigued as a free trader about this idea reciprocity. i wrote about this yesterday the united states is a special position on the world we are the hub of the world economy and every country has to trade with the united states. especially china if they can't trade their economy goes into the dumpster. what trump is talking about he saying you have to lower your tariffs or were going to raise ours i think at the end of the day it is a risky strategy but i think if you could end up with freer trade through the reciprocity play because i think at the end of the day a lot of these other countries wil