Trump DOWNPLAYS Gas Price SPIKE As 'PEANUTS'

TL;DR

Trump called rising oil prices 'peanuts' after the Iran strike, while his Fed chair pick Kevin Worsh faced grilling over independence and undisclosed assets.

Key Points

• 1.Trump dismissed oil price spikes from the Iran strike as 'peanuts.' On CNBC, he argued the economic pain was trivial compared to the danger of inaction, claiming 47 years of presidents lacked the courage to act.
• 2.Kevin Worsh, Trump's Fed chair pick, faced intense Senate scrutiny over independence. Elizabeth Warren accused Trump of wanting a 'sock puppet,' citing Trump's statement that rates would drop 'when Kevin gets in.'
• 3.Worsh refused to confirm Trump lost the 2020 election during questioning. He deflected Warren's direct yes/no question, saying the Senate had 'certified that election many years ago.'
• 4.Worsh declined to disclose details on over $100 million in undisclosed assets. He only named the private funds holding them, promising to convert all assets to 'vanilla' cash-equivalents if confirmed, per OGE ethics guidelines.
• 5.Consumer confidence is at a record low even before the Iran war, per Senator Warnock. Worsh dodged grading the economy, joking elite universities give everyone A's, while senators cited near-zero job growth in 2025.
• 6.Republican Senator Tom Tillis threatened to withhold his confirmation vote unless Trump drops the Fed investigation into Powell's building renovation. Hosts argued the lavish renovation controversy is overblown since the Fed prints its own money.