Sen. Tillis on Pres. Trump's desire for Greenland: A waste of taxpayer dollars

Summary

Senator Thom Tillis joins Squawk Box to discuss President Trump's Greenland rhetoric, NATO, and the Federal Reserve. He argues Greenland can be handled without drama or taxpayer cost and criticizes bad advice to the president. He also defends Fed independence, criticizes the DOJ probe of Jay Powell, and says he will block Fed board nominees until the matter is resolved.

• Tillis says Trump's Greenland push is poorly advised and a waste of taxpayer dollars.
• He argues Denmark and Greenland are strong allies and NATO should be strengthened.
• He says Greenland offers mineral extraction opportunities and a way to counter China.
• He notes NATO allies are raising defense spending toward 3%-5%.
• He calls Fed independence a red line and warns of financial-market consequences if undermined.
• He says he will not vote for Fed board nominees until the Powell matter is resolved.
• He describes the Powell perjury probe as a waste of DOJ resources.
• He advises colleagues to vote conscience and constituents amid political headwinds.