JT on the New Fed Chair

Showing mention at 0:54 — highlighted below

Transcript

12 segments
0:00

Hey guys, it is Ryan. For years, Chumbas been set in the bar for online social casino fun, and it just keeps getting better. With new games released every week and daily bonuses to collect, the fun never stops. So claim your welcome bonus now at chumbac casino.com. No purchase necessary. PGW. Boy, prohibited by law, see terms of conditions, 21 plus. The Senate approved Kevin Warsh is our next federal chair. Kevin Warsh, it's so weird saying that my grandparents, when they'd say washing machine, they'd say washing machine. And now every time I say his name, I feel like the R shouldn't be in there. But he was confirmed yesterday as the new chair of the Fed. 54 to 45 vote. And they say this guy was going to be a great replacement for Jerome Powell. But, you know, that doesn't necessarily mean the Democrats are going to, you know, come on board. It's amazing. If Donald Trump appoints somebody, forget about it. We're not allowing that. I mean, why? Because Donald Trump's involved. So the answer is no. Guess who was the only Democrat to cross party lines to go ahead and confirm him? That would be John Fetterman, Democrat from Pennsylvania. I'm telling you this guy, he's making me happier every day. 56-year-old guy and Mr. Kevin Warsh, Stanford Lecter, former Fed governor, 2006 to 2011. He is going to replace Jerome Powell, whose term as a chair ends tomorrow. But Jerome Powell's going to stick around. He's going to be part of the Fed's board of governors. Kevin Warsh, his confirmation has been held up for months, as you know. The Justice Department launched this criminal investigation in Jerome Powell, and then that ended only after the probe was dropped. So Kevin Warsh has called for regime change at the Fed and expected to shake up, you know how the central bank community is communicating with everybody, measures inflation. His first meeting, his chair, is set for June 16th and 17th. So welcome aboard, sir. I think this guy's going to do a pretty good job based on everybody I've talked to about him and his... economic background and you know he knows what he's doing and and his light you know by most folks up there but the congress you know once again we can't vote for him he's a he's a don't trump appointee well somebody's got to be there Vice President JD Vance announcing a little suspension of some funds going to California in their Medicaid situation, $1.3 billion now. The administration says they're not, you know, just writing a blank check anymore for this. Apparently, this is all over what officials now say are some pretty major red flags in the billing records, including $3,000, well, $630 million. This is an unexplained billing, $500 million in home health services, $200 million in payments tied to coverage for illegals.

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And the administrative director there, Dr. Oz, said, is the largest payment to for all the agencies ever made and ask California to come to the table and explain these discrepancies and then we'll let the money flow. Isn't it interesting how much fraud is being uncovered? And no more blank texts are just flying. Situation in Minneapolis certainly opened the doors for a lot of things to be looked at. The fraud that was going on there, I mean billions of dollars. President, or vice president, rather than, also sent written notices to all states in our new union. Warning, listen, you're going to lose some federal funding too for your Medicaid fraud if we find something going on. You know, if they, meaning the states, don't aggressively investigate and prosecute fraud by providers, well, that's it. You know, the Fed's going to jump in and say, you're not getting your money. I mean, this is very similar with, as I mentioned, took place in Minnesota back in February. So California, that's a big chunk of change, $1.3 billion, but you got some splaining to do on things we found there. Well, good for our forensic accounting team at the federal government. Looking for a little Hollywood-style fun? Check out Ryan Seacrest 10K Ways exclusively at Chumba Casino. There's 10,000 ways to play. Get spending for free at chumpacino.com. No purchase necessary. VGW Group, voidware prohibited by law. CTs and Cs, 21 Plus, sponsored by Chumba Casino.