Kevin McCarthy: Pres. Trump is in a stronger position than even Ronald Reagan was at any given time

Summary

Kevin McCarthy joins Squawk Box to discuss the criminal probe into Fed Chair Jerome Powell, Fed independence, and President Trump's political strength. McCarthy argues the economy and tariff backdrop have helped Trump, praises his foreign-policy actions, and says Trump has reset the world stage. He also points to critical minerals policy and pressure on Europe to increase defense spending. The segment is mostly political and macro commentary with limited direct investment calls.

• Former House Speaker Kevin McCarthy discusses the criminal probe involving Fed Chair Jerome Powell.
• McCarthy says the probe may complicate Fed chair confirmation but is unlikely to play politically.
• He argues the economy has outperformed expectations and tariffs have not stoked inflation.
• McCarthy describes Trump as politically dominant, comparing his power to Reagan and Roosevelt.
• He cites Trump's actions on Venezuela, Iran, the Middle East, and the border as successes.
• He says Trump has moved forward on critical minerals and reset the world stage.
• He argues Europe must spend more on defense because of the Russia/Putin threat.
• The conversation also touches on Greenland, Denmark, and Europe's defense dependence.