"CNBC anchor Sara Eisen was taken aback by Sen. Kevin Cramer's (R-ND) take on President Donald Trump's campaign to torpedo Federal Reserve Chairman Jerome Powell with a federal investigation. Trump has habitually attacked Powell and constantly pressured him to lower interest rates. Now, the Fed chair is facing an investigation over the renovation of Federal Reserve buildings and whether he lied to Congress about the project."
"Our next guest is one of them, but last night he went on another network and said this. SEN. Kevin CRAMER (R-ND): (VIDEO CLIP). Maybe the point should be, if you're the attorney for Jay Powell and you want to avoid an indictment. How about you go to Jeanine Pirro and say, I'll make a deal. I'll step down today if you'll drop the investigation today.. To me, that would be a win-win for everybody."
Sen. Kevin Cramer suggested that Fed Chair Jerome Powell could step down to avoid a Justice Department investigation into renovations and alleged false statements to Congress. President Donald Trump has repeatedly attacked Powell and pressured him to lower interest rates. The proposal for Powell to cut a deal and resign was presented as a way to end the controversy quickly and move on to other issues. CNBC anchor Sara Eisen questioned whether that suggestion amounted to coercion or extortion. Cramer described the resignation option as a pragmatic solution to resolve the matter.
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