Trump’s Espionage? Washington DC and the Pundits Won’t Talk About This, But I will


Posted originally on the conservative tree house on August 16, 2022 | Sundance

Reading all the professional political chatter from both wings of the uniparty bird about the DOJ position on the Trump raid in Mar-a-Lago, something sticks out to me that readers here will relate to, but others, likely not so much.   Consider this written to all the reasonable and intellectually honest people.

You see, there is an actual mechanism that is being ignored by members within the professional DC silos and the DC ‘outrage’ stenographers.  I was reminded of it when reading the professional obfuscation in the Wall Street Journal as they outlined how Merrick Garland “weighed the raid on Mar-a-Lago for several weeks” prior to August 8.

Technically there is a mechanism for executive branch conflict resolution that involves actual transparency, not the political talking points of the illusion of transparency.  However, when the Fourth Branch of Government was created, the conflict resolution measure that provides oversight and escape from accusations of unequal application of law was dispatched.  It was dispatched because, well, the unequal application of the law was the intent.

What I am talking about is the legislative branch oversight mechanism known as the Gang-of-Eight.   Whenever the executive branch runs into a conflict that involves sensitivity within an issue they define as “national security,” the executive branch is supposed to use the tool of the legislative branch to extricate themselves from the conflict.

Quite simply the DOJ/FBI could have briefed the Go8 on the nature of the sensitive ‘national security’ issue, and this bipartisan briefing to both democrats and republicans removes Main Justice from the appearance of political impropriety.  If, later on, the nature of their investigation is ever questioned, Main Justice (the representatives of the executive branch) have the shield of telling the American public that congress was notified.

That is essentially the intent of the Gang of Eight construct.  Leaders and key officials within both parties are informed of ongoing investigative activity that involves the national security of the United States.  That’s the mechanism for the DOJ and FBI to avoid the appearance of political targeting.

On March 20, 2017, we saw for the first time how the newly weaponized DOJ and FBI had intentionally and purposefully begun to stop that notification process as part of their intentional effort to politically weaponize the justice dept. {link}

In that March 2017 hearing, former FBI Director James Comey was asked why the FBI was investigating President Trump for the past eleven months (April ’16 origination), revolving around a Trump-Russia collusion investigation, and not informing congress about the potential national security compromise.

James Comey justified the targeting operation and lack of notification by saying, “because of the sensitivity of the matter(?)” while looking uncomfortable & surprised with the question from representative Elise Stephanik.

The outlook of unilateral authority without oversight lies at the heart of the Trump-Russia collusion and targeting problem.  The lack of transparency, and failure to follow the required briefing schedule to congress, was as subtle as a brick through a window, showcasing the political intents of the FBI and DOJ under the Obama administration.

The FBI and DOJ (executive branch) cannot operate unilateral political targeting operations and simultaneously permit oversight (legislative branch).  That was the issue spotlighted in the answer from James Comey.

Unfortunately, what Comey outlined was the central issue DC politicians, including republicans, needed to avoid admitting… And so, they pretended the admission by James Comey didn’t exist, brushed it away under the cloud of media assisted outrage on other matters, and just moved on.

In the current dynamic of the DOJ/FBI -vs- Donald Trump Mar-a-Lago raid, we see an almost identical scenario. Not surprisingly we also see identical action from the DOJ/FBI in not briefing the Gang of Eight about the post-election Trump investigation.  It becomes clear the DOJ National Security Division is intent to avoid any transparency if they were held accountable for following the checks-and-balances.

Obviously, the DC stenographers (MSM) will avoid pointing out this issue; and obviously the right wing of the DC UniParty (republican leadership) will avoid mentioning how this conflict resolution mechanism exists. However, their willful blindness doesn’t negate the fact the mechanism does exist.

If AG Merrick Garland and FBI Director Chris Wray wanted to avoid what Wray has previously called, “even the impression of impropriety,” the DOJ could simply have briefed congress on the issues and challenges related to President Trump and their perceived problem with classified documents.

The reality of Main Justice not seeking to avoid their conflict, stands as a stark reminder how they consider the mechanism of oversight as a risk to their intent.

The absence of congressional notification is evidencing how the targeting by Main Justice is political.

(Wall Street Journal) […]  Mr. Garland now faces a more momentous decision that will further sharpen an already unprecedented and politically fraught situation: whether to pursue charges against Mr. Trump or any of his allies over their handling of the records at issue and their interactions with Justice Department officials seeking to retrieve them.

A decision to bring charges in the matter against Mr. Trump or any of his allies would thrust the Justice Department deeper into a political environment in which the former president’s supporters and Republican lawmakers are already accusing Mr. Garland and the department of overreach.

[…] Republicans on the House Judiciary Committee sent letters Monday to Mr. Garland and FBI Director Christopher Wray seeking documents and communications related to the search. While the department is unlikely to agree to that request while the investigation is ongoing, such scrutiny would likely only intensify if Republicans gain control of Congress in November.

Justice Department officials have defended the Mar-a-Lago search as a necessary step approved by Mr. Garland himself. People familiar with the Justice Department’s approach have said a primary goal of the search was to ensure the security of highly sensitive national-security documents after the Trump team didn’t relinquish them and amid concerns that the security of the material at Mar-a-Lago had been put at risk. (more)

The Mar-a-Lago Event


The attached paper is a reasonable analysis of the events from August 8, 2022 to August 15, 2022 which was is an event that will change the Republic forever. In the mad rush to save the planet from total destruction from green house gas emissions from carbon base fuels the worlds politicians are dismantling Western Civilization. Former President Trump is a major obstacle to Klaus Schwab and his fellow radicals in the World Economic Form (WEF) and they have decided to take him out any way they can since he is the only one that can stop them.

Tucker Carlson Reacts to the FBI Raid on President Trump’s Home


Posted originally on the conservative tree house on August 15, 2022 | Sundance

Returning from a vacation that coincided with the FBI raid on President Trump’s home in Mar-a-Lago, Fox News host Tucker Carlson delivered an extensive monologue upon his return Monday night.

Beginning by questioning the baseline assumptions, Carlson walks through the events as they are known. WATCH:

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DOJ Asks Judge to Keep Affidavit for Search Warrant Used Against President Trump Sealed from Public Review


Posted originally on the conservative tree house on August 15, 2022 | Sundance

If the search warrant affidavit was revealed to the public, the DOJ Lawfare tribe targeting Trump – within the DOJ National Security Division (DOJ-NSD), could not keep the benefit of selective leaks to their media stenographers.  It would be more difficult to frame the narrative.  [DOJ Filing pdf HERE]

On Thursday August 11th, Attorney General Merrick Garland said the justice department was committed to transparency in order to retain their integrity with the American public.  On Monday August 15th, Attorney General Garland asked the court to keep the records sealed.   The six-year pattern continues….

WASHINGTON DC – “If disclosed, the affidavit would serve as a roadmap to the government’s ongoing investigation, providing specific details about its direction and likely course, in a manner that is highly likely to compromise future investigative steps,” U.S. Attorney Juan Gonzalez and Justice Department counterintelligence chief Jay Bratt said in a filing urging the continued secrecy of the affidavit.

“The fact that this investigation implicates highly classified materials further underscores the need to protect the integrity of the investigation and exacerbates the potential for harm if information is disclosed to the public prematurely or improperly,” the DOJ officials wrote.

doj-filing – FBI warrant – Affidavit

Wyoming and Alaska Primary Elections Tomorrow – Liz Cheney and Lisa Murkowski Face MAGA Challengers


Posted originally on the conservative tree house on August 15, 2022 | Sundance

One-way voters in Wyoming and Alaska could sound a resounding message of support for President Trump would be to succeed in the primary challenges to Liz Cheney (U-Wyoming) and Lisa Murkowski (U-Alaska) on Tuesday.

WASHINGTON – Cheney faces daunting prospects in her effort to fend off the Trump-backed Harriet Hageman, increasingly looking at a life beyond Capitol Hill that could include a possible presidential campaign. Murkowski, however, is expected to advance from her primary and is already planning to compete in the November general election.

The anticipated outcomes at least partially stem from the nuanced politics of each state. Wyoming is a Republican stronghold, delivering Trump his strongest victory of any state in the 2020 campaign. Alaska, meanwhile, has a history of rewarding candidates with an independent streak.

But Murkowski enjoys an additional advantage in the way elections are being conducted in Alaska this year. Winner-take-all party primaries, like the one Cheney is facing, have been replaced by a voter-approved process in which all candidates are listed together. The four who get the most votes, regardless of party affiliation, advance to the general election in which ranked voting will be used.

Murkowski benefits from avoiding a Republican primary, “which she would have had a zero percent — I mean zero percent — chance of winning,” said Alaska pollster Ivan Moore.

Murkowski has 18 challengers in her primary, the most prominent being Republican Kelly Tshibaka, whom Trump has endorsed. (READ MORE)

Bluff Called, President Trump Responds to Ridiculous DOJ and FBI Claims of Nuclear Documents at Mar-a-Lago


Posted originally on the conservative tree house on August 12, 2022 | Sundance

The raid on President Trump’s Mar-a-Lago estate coincides with developments in the civil lawsuit he filed against Hillary Clinton, Perkins Coie, James Comey, Andrew McCabe, Lisa Page, Peter Strzok and the entire cabal of DOJ, FBI and Clinton campaign operatives via the fake Trump-Russia collusion hoax known as ‘spygate’.

It doesn’t take a deep political analyst to look at the 108-page lawsuit, consider the evidence that would be needed to prove the lawsuit at trial, then overlay the timing of the court case and FBI raid to see both the content of the files at Mar-a-Lago and the motives of the DOJ and FBI to intercept them. {GO DEEP}

The severity of the raid highlights the desperation and political intent behind it.  The ridiculous justification for the raid, nuclear documents, highlights the unstable desperation to control the political damage from it. President Trump responds via Truth Social:

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Sunday Talks, After Losing His Primary, Pete Meijer Goes Full Kinzinger


Posted originally on the conservative tree house on August 7, 2022 | sundance

After exhibiting a congressional perspective in line with democrats, and then voting to authorize the J6 committee along with President Trump’s impeachment, Michigan representative Pete Meijer lost his primary reelection bid to John Gibbs.

The CBS crew quickly contacted Meijer to provide him the opportunity to belittle the base of the republican party that rejected him from office.  Silver spooner Pete Meijer was more than happy to accommodate the request and appears with Margaret Brennan. [Transcript Link] – WATCH:

[Transcript] – MARGARET BRENNAN: Michigan Congressman Peter Meijer is one of 10 House Republicans who voted to impeach former President Trump following the attack on the Capitol. Last Tuesday, he lost his primary race against a Trump-endorsed challenger. Congressman Meijer is with us this morning from Grand Rapids, Michigan. Good morning to Congressman. The person who won that primary is an election denier named John Gibbs, and he is backed by former President Trump. Why do you think Michigan Republicans favored him?

REP. PETER MEIJER: Well good morning, Margaret. And as you said, I lost my primary and that is on me. I take responsibility for that. But it’s important to note that it wasn’t just former President Trump, who was in this race, there was about a half million dollars that the Democratic Congressional Campaign Committee in their first expenditures of the 2022 midterms dumped in to help boost him.

So, we had a scenario where not only did I have the former president aligned against me, but in a rare showing of bipartisan unity, Nancy Pelosi and the House Democratic Campaign Committee, also united to try to knock me off the ballot. Now, this just highlights the cynicism and hypocrisy of our politics today. And frankly, it’ll be unknowable what that ultimate impact was, but the fact that we have the establishment left and the extreme right locking arms in common cause paints a very telling picture of where our politics are in 2022.

MARGARET BRENNAN” Right, what you’re talking about there is an ad that the Democratic Congressional committee campaigns spent $325,000 on to boost Mr. Gibbs, which was almost as much as Gibbs spent on his entire campaign. That’s what you’re referring to, that’s what our viewers are looking at right there. But do you think that ad really made a difference? I mean Democrats aren’t voting in this primary, it’s Republicans, why did Michigan Republicans fall for this ad?

REP. MEIJER: Well, you know, I think there is a clear question of agency here, of course, and at the end of the day, Republican voters are going to cast their votes as they see fit. I should note that this ad was not aimed at- was not playing on MSNBC, it was not playing in places where Democratic voters might see it, it was targeted in places to try to sway and convince Republican primary voters to try to give my primary challenger a boost up and over.

And I should add that my defeat was by roughly 3%, out of over 100,000 votes cast, we lost by less than 4,000 votes, and I think that’s important to remember, when you have very close elections like this. And obviously competing against very strong headwinds, having a Trump-endorsed challenger in a party where President Trump still holds over 75% approval. That a message of focusing on the substance of what I’ve been able to accomplish in office. I’m proud that our office is on track to set a record for the most number of bills signed into law by a freshman, that those type of accomplishments get lost in our current personality politics, get lost in a broader sense. And I think that is one of the fundamental challenges that we have as a country, and that is, frankly, frustrating Michigan families. We are dealing with a politics that does not reward substance that does not reward, you know, reality.

MARGARET BRENNAN: But does that mean–

REP. MEIJER: That focuses on rhetoric and personality above all else.

MARGARET BRENNAN: Do you think Democrats are going to get what they paid for here? Right? I mean, they’re betting that would be easier to defeat. Mr. Gibbs than you. Is your district going to go to a Democrat?

REP. MEIJER: It’s important to note, this is a district that President Biden won in 2020 by roughly nine points, I was one of five Republicans running for reelection in seats where the- where President Biden won in the 2020 elections by eight or more points. And so while I think there was certainly a cynical calculus at play with the Democrats meddling, this is a risky strategy. It’s a dangerous strategy.

Where President Biden is in his approval is so in the gutter, that it is hard to see that strategy- it is easy to see that strategy backfiring in a spectacular way, which is all the more reason why we should not be embracing the zero-sum idea of politics. We should not be embracing this- this notion that if we can keep a problem alive, keep it festering, but be able to gain a marginal advantage in the process, that that somehow equates to a victory. I think it’s a dark and cynical way of viewing our politics, that frankly, 48% of the electorate in the primary here rejected. They stood against that cynicism that they were focused on somebody who was working to deliver results.

MARGARET BRENNAN: Your Republican colleague Liz Cheney is about to face a primary August the 16th in her state, former Vice President Dick Cheney, her father, released this video.

Former VP Dick Cheney (SOT): “In our nation’s 246-year history, there has never been an individual who is a greater threat to our republic than Donald Trump. He tried to steal the last election using lies and violence to keep himself in power after the voters had rejected him. He is a coward. A real man wouldn’t lie to his supporters. He lost his election and he lost big. I know it. He knows it. And deep down I think most Republicans know it.”

MARGARET BRENNAN: Is Mr. Cheney right there because 57% of Republicans told CBS News, they’re more likely to vote for a candidate who gets an endorsement from the former president. Is the former president, the leader of the Republican Party or the biggest threat to our nation’s Republic?

REP. MEIJER: Well, I certainly think that President Trump wants to keep those numbers up. He wants that degree of influence, and I mentioned earlier the common cause between the extremes on the right, and the establishment left. Nancy Pelosi, I think she’s waking up every day crossing her fingers that Donald Trump runs in 2024, that he announces well ahead of the midterms, because right now, the midterms are set to be a referendum on President Biden’s leadership and Speaker Pelosi and many of my house Democratic colleagues do not want that. They want it to be a referendum on former President Trump and I think former President Trump wants that as well.

MARGARET BRENNAN: Well, we will be watching that primary. And Congressman, thank you for joining us today. We’ll be right back. (read more)

Worse Than Monkeypox, Nikki Haley Says She Will Run in 2024 for President “If There is a Place” For Her, What to Watch For


Posted originally on the conservative tree house on August 7, 2022 | sundance

Reminder, Nikki Haley in February 2021: …”“I don’t think [Trump’s] going to be in the picture,” she said, matter-of-factly. “I don’t think he can. He’s fallen so far.” […] “We need to acknowledge he let us down,” she said. “He went down a path he shouldn’t have, and we shouldn’t have followed him, and we shouldn’t have listened to him. And we can’t let that ever happen again.”  (link)

Two months later, April 2021, when asked about her 2024 presidential ambitions Nikki Haley says:…”Out of respect I would never do anything to go against [Trump], he knows that. I would have a conversation with him and talk to him about it should we decide we want to pursue it; but, um, no, I have a great respect for him, and I would never consider running against him.” (link)

Today when asked about her presidential ambitions Nikki Haley says, “if there’s a place for me.” WATCH (Prompted):

CTH has been warning about Nikki Haley ever since she asked Sarah Palin to help her win the South Carolina Governor’s race, and then stabbed Palin in the back with the most derisive negative commentary thereafter.  Nikki Haley would never have been governor without Sarah Palin; those who know politics know this is absolutely true…. And Haley is a snake.

Use the CTH site search tool function and type in “Nikki Haley” for the results.  Take a few Snickers bars because you are going to be there a while.

Why so much focus on Nikki Haley?

For the same reason CTH focused so heavily on Mitch McConnell; these are backstabbing liars of the highest order.  These are the snakes from the poem President Trump recited quite often….

…These Haley types are the scheming DeceptiCons.  Haley has no redeeming qualities if you are well versed in understanding the manipulative intents of the conniving big government, cocktail party, Wall Street republicans.

Nikki Haley is the Mitt Romney of John McCains.

October 2019 – Nikki Haley purchased a $2.4 million home in Kiawah Island, Charleston county, South Carolina (link). Nikki Haley released her book “With All Due Respect” on November 12th (link). Mrs. Haley also took a position on the board of directors for Boeing Co, likely an extension of success for her prior efforts recruiting Boeing to the state. (link)

The board position, home purchase and book tour follows a very predictable pattern for those who follow GOPe politics closely. Indeed, there is speculation Nikki Haley was/is positioning for a 2024 presidential bid; speculation that generally aligns with the pattern.

OCTOBER 2018 – Ms. Haley comes from the political house of Prescott/Bush; hence the original Rubio support in 2016 etc. She is a political animal from the establishment wing.

Within the traditional political class the customary approach to a White House run is to gain about five years of wealth in advance of a presidential run. Haley would be following a wealth process for a 2024 presidential run.

During this wealth accumulation period the cocktail party circuit (the billionaire crowd) will front-load wealth, purchase homes and all expenses etc, for the future candidate. This ‘Five Year Plan‘ was the same historic approach done for Ronald Reagan.

With a candidate in the private sector, the professional donor-class make investments in the candidate while it is legal to do so. The investments are made in anticipation of future influence.  This is simply how money influences politics.

With the “Me Too” movement in high political value, the currency of Nikki Haley, as an investment candidate, is at the apex.  Haley checks the right boxes; she is making a predictable move to capitalize on that process, politics and timeliness.

The U.N., as an institution, is also in alignment with the high-brow Prescott Bush clan. Ms. Nikki Haley is regarded by this clan as a very valuable commodity. If they can’t get Jeb, or another Bush (ie. Rubio) over the finish line, they will be much better positioned with investments in Nikki Haley.

Due to the increasing success of the MAGA or Trump Republican apparatus, Haley will need to carefully position herself as a stealth Decepticon and not upset the vulgarian hordes; ie. the new republican party base voter. As a smart and tactical politician Haley will invest heavily in the optics of supporting the MAGA movement.

Much like the primary of 2016 (w/ Jeb), the primary race of 2024 will determine if Haley can con enough people into not seeing her elitist Decepticon position.

The Bush clan and professional political cocktail circuit was rebuked in 2016, so we can anticipate their strategy in 2024 will be with those strategic lessons at the forefront.

DeSantis = Closest to MAGA domestically, ergo most valuable to Wall Street for globalist economics.

Noem = MAGA-lite, with a twist of Koch.  Club influencer.  She’s in the race, guaranteed.

[ Watch out for the club to push a DeSantis/Noem ticket.]

Haley = Purebreed Decepticon.  UniParty Establishment favorite. Endorsements from Bush and Cheney likely.

Cruz = Controlled opposition. Useful to draft Haley or Noem into the club lane in exchange for DOJ AG position.

WHAT TO WATCH FIRST – Pay attention to the club meeting this winter and the decision on how to line up and modify the 2024 primary election dates by state.  AFTER the dates and sequence are established, then overlay the delegate changes to voter results from “winner take all” or allocated “proportionally.”  These are club decisions with major ramifications.  The RNC club is a private organization.  They select the rules for the election.

Sad Stephanopoulos Promotes Dick Cheney as Democrats Hope to Help Joe Biden


Posted originally on the conservative tree house on August 7, 2022 | sundance

George Stephanopoulos has a new hero not named Obama.  Skipping both the red and blue pills in favor of Xanax and whiskey, a visually verklempt Stephanopoulos uses Dick Cheney as the introduction to the 2022 midterm election victory map.  The last 3 seconds of this clip are funny as heck.

Pay no attention to the 67% of Americans who say things are getting even worse, and instead let’s cheer Dick Cheney and baby killing, after all – they are weirdly connected in a way.  Thus, George has figured the new DNC strategy.  Brilliant.

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Sunday Talks, SF Fed Chair Sees Half of Inflation Driven by Excess Demand of Some Unknown Something


Posted originally on the conservative tree house on August 7, 2022 | sundance

The great pretending continues.  During a Sunday talk show appearance, San Francisco Fed Chair Mary Daley states, “what I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply.”  Note, she is not talking about energy.

Margaret Brennan, maintaining her position as the professional CBS narrative engineer, never thinks to ask: (a) where is this demand you speak of, and what exactly are they demanding? and/or (b) What is this 50% inflation on the supply side connected to?  Obviously, an actual probing of inflation wasn’t in the script. The great pretending continues.  [Transcript Here]

CTH has stated without reservation that August’s inflation report will show a significant –albeit temporary– drop in inflation as measured by the govt.  The drop in gasoline prices throughout July (created by a drop in demand) will allow the fiscal and monetary policy makers to falsely claim overall inflation peaked. However, after a brief respite the inflation now growing in the ground (massive increases in farm costs), will then launch into the food supply chain.  This delayed food inflation will overtake the energy inflation in the latter part of this year.  WATCH:

[Transcript] – MARGARET BRENNAN: We turn now to the state of the economy and the president of the San Francisco Federal Reserve Bank, Mary Daly. Good morning to you.

FEDERAL RESERVE BANK OF SAN FRANCISCO PRESIDENT MARY DALY: Good morning.

MARGARET BRENNAN: The San Francisco Fed said fiscal spending during the entirety of the pandemic, all the congressional funding contributed 3%- a 3% hike in inflation. Do you expect the congressional bill that’s about to pass to add to inflation as well?

DALY: Well, let’s remember that during the time that there was this fiscal relief during the pandemic, there was also monetary policy relief. And those were things necessary to get us through the pandemic. So that’s why that was such an important component in history, will be the judge, whether it was too much or too little. But right now, that’s where that was. And my staff have evaluated that. When I look forward, there are so many things going on in the economy right now, both domestically and globally. And we are struggling with high inflation. But the Fed is committed to bringing that down. And we’re looking at not only things that Congress passes, but also what happens across the entire world.

MARGARET BRENNAN: So do you think this bill will- will add to inflation? Has inflation peaked? Can you say that?

DALY: You know, I really can’t comment on pending legislation, and it’s really hard to tell because all the details haven’t been worked out yet and or the time frame in which those things will take place. So right now, I think the most important thing, Margaret, is that inflation is too high and the labor market is strong. The global economy is struggling with ongoing high inflation, and that’s what I’m focused on.

MARGARET BRENNAN: You are a labor economist. We had this surprisingly strong jobs number on Friday. Why was it so surprising? What was it that economists missed here? What was your takeaway?

DALY: You know, it’s super interesting. You know, it did surprise everyone who tries to figure out exactly what the number will be. And we were you know, a number of projections were well off. But, you know, frankly, if you’re out in the communities, if you’re you’re traveling anywhere, you’re you’re just going in your own community. I don’t think consumers are workers or businesses were that surprised. There’s help wanted signs all over the place. People are can find multiple jobs if they want them. Search times for jobs aren’t that long. So I think the labor market is continuing to deliver. It just tells me that people want to work and that people want to hire. But the universal truth is that inflation’s too high.

MARGARET BRENNAN: But does it still or does it indicate that recession is not where we are or where we’re going?

DALY: If you’re out in the economy, you don’t feel like you’re in a recession. That’s the bottom line. The most important risk out there is inflation. And I think the job market just confirms that.

MARGARET BRENNAN: Okay. We’re going to take a break and come right back with you. Mary Daly, stay with us. We have more questions.

*COMMERCIAL BREAK*

MARGARET BRENNAN: Welcome back to Face the Nation. We continue our conversation now with the head of the San Francisco Federal Reserve Bank, Mary Daly. In that jobs number on Friday, we also saw that wages rose, but they’re not rising as quickly as inflation is. How concerned are you that that shows inflation is really becoming embedded in the economy in a way that is really going to force sure your colleagues at the Fed to continue to have to hike rates.

DALY: You know, I don’t see inflation is embedded in the economy, the kinds of things that we would worry about just not being able to correct easily. What I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply. The Fed is really well positioned to bring demand down, and we already see the cooling forming in the housing market and investment. So I do see signs that the economy is cooling. It just is going to take some time for the interest rate adjustments we’ve made to work their way through. And we are far from done yet. That’s the the promise to the American people. We are far from done. We’re committed to bringing inflation down and we’ll continue to work until that job is fully done.

MARGARET BRENNAN: So it would still be appropriate to raise rates in September by half a percent?

DALY: Absolutely. And we need to be data dependent. It could. We need to leave our minds open. We have two more inflation reports coming out, another jobs report. We continue to collect all the information from the context we talk to you to see how this is working its way through the economy. But you mentioned, you know, wage growth a little bit above 5% inflation. Last print at 9.1%. Americans are losing ground every day. So the focus has to be on bringing inflation down.

MARGARET BRENNAN: One of the things the Fed can’t control is geopolitical risk. How concerned are you about what is happening in the Taiwan Strait right now?

DALY: Well, there’s so much going on globally, and I think that’s really something that we need to think about. It’s just getting through COVID, making sure the new variants don’t derail economic activity. We have central banks across the globe raising interest rates to try to bridle their own inflation. And we have ongoing developments that take place geopolitically or just more generally among countries and all of those things. The war in Ukraine, all of those things create headwinds, if you will, for the US economy and we’re going to have to lean against those headwinds for growth while we bridle inflation.

MARGARET BRENNAN: The Fed has its work cut out and I know we’ll be talking again. Thank you very much, Mary Daly. (LINK)