‘This Week’ Transcript 12-21-25: Rep. Hakeem Jeffries, Sen. Rand Paul & Charlamagne Tha God

Transcript of “This Week” by ABC News – December 21, 2025.

[…] KARL:  And let me ask you, there was an interview that the president did with “The Wall Street Journal” last week that I thought didn’t get as much attention as — as it should have. He was talking about the Fed and his future Fed chairman. He’s going to obviously nominate a new Fed chairman. And he says that he expects the Fed chairman to consult with him on interest rates and that he believes that interest rates should be at one percent or less. What was — what’s the reaction in the financial world to that?

SORKIN:  Oh, goodness. I think most people don’t think that’s the right idea. It is true that the Treasury Secretary has met typically on a weekly basis for breakfast or lunch with the head of the Federal Reserve for a very long time. And you could argue that messages are sent if you will somewhat indirectly through a lieutenant in this case. I think it’s very different if they’re looking you in the eyes — the president that is — telling you what to do specifically with interest rates. It’s also a question if you were to lower those interest rates to the extent that the president does, whether you would have, you know, incredible inflation. I think that’s a question. […]

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