Glenn Called It: A Trust Implosion Is HERE | Guests: Sen. Eric Schmitt & Rep. Chip Roy | 7/16/25

Is the Federal Reserve’s Jerome Powell set to leave his position as chair? While President Trump can’t fire the Federal Reserve chair, chatter in D.C. suggests an open position may be coming sooner rather than later. Glenn lays out why Jerome Powell’s job suddenly appears to be in jeopardy. While the Genius Act has parts that seem beneficial, Glenn warns that the bill could easily lead to the implementation of a central bank digital currency. Rep. Chip Roy (R-Texas) joins to discuss the bill and how conservative politicians like him are fighting back. Chip also lays out his thoughts on the Epstein files and offers his advice on how the Trump administration should handle the matter going forward. Sen. Eric Schmitt (R-Mo.) joins to discuss the status of the DOGE cuts, which include the defunding of NPR and PBS. Why do Republicans never prioritize cutting unnecessary government spending? Glenn and Jason go through an older chalkboard of Glenn’s, which outlines how a full-blown trust implosion is created. Investigative reporter Steve Robinson joins to discuss the Chinese cartels that are running rampant in Maine. Could these cartels spread to other states? Glenn and Jason further discuss how Trump can get Jerome Powell removed from the Federal Reserve. Learn more about your ad choices. Visit megaphone.fm/adchoices