About this episode
While the world’s central bankers convene in Jackson Hole, Wyoming , President Trump’s Director of the Federal Housing Finance Agency Bill Pulte has accused Federal Reserve Governor Lisa Cook of "mortgage fraud.” CNBC’s Steve Liesman discusses the allegations and sits down with Kansas City Fed President Jeffrey Schmid to discuss t he Fed’s mandate, inflation metrics , and the state of the U.S. economy. Author Walter Isaacson is closely watching the Trump administration’s interest in corporate America ; the renowned biographer warns that “state capitalism” could bring the country down a path toward “crony capitalism.” Plus, CNBC’s Robert Frank reports on the Justice Department’s auction of a Russian oligarch’s $300 million mega-yacht . Walter Isaacson - 21:44 Jeffrey Schmid - 33:12 In this episode: Steve Liesman, @steveliesman Robert Frank, @robtfrank__ Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.