The Megyn Kelly Show: Trump vs. Fed Chair Powell, Clintons Subpoenaed on Epstein, Hulk Hogan Passes Away – AM Update 7/25, 2025

Host: Megyn Kelly
Release Date: July 25, 2025
Platform: SiriusXM
Description: The Megyn Kelly Show engages in open, honest, and provocative conversations with leading political, legal, and cultural figures, tackling pressing issues without bias or fear.

I. President Trump Confronts Federal Reserve Chair Jerome Powell

Jul 25, 2025, 00:39 - 08:08

The episode opens with a significant confrontation between former President Donald Trump and Federal Reserve Chair Jerome Powell. President Trump visits the Federal Reserve's headquarters to scrutinize a massive renovation project, highlighting concerns over escalating costs and fiscal mismanagement.

• Renovation Overruns:

  • Trump's Statement [00:39]: "I built a great hotel. It's called the Old Post Office and it's a much bigger project than this, and I spent $200 million building it."
  • The renovation, initially estimated at $1.7 billion, has ballooned to over $2.5 billion. Trump criticizes Powell's oversight, describing the project as "a very luxurious situation" and pointing out inefficient expenditures, such as protection costs involving plywood.

• Interest Rate Policies:

  • Powell’s Response [01:00]: "Of interest rates, I never thought that we would be questioning the Clintons and others with respect to the Epstein files."
  • Despite Trump’s pressing for lower interest rates to stimulate the economy, Powell maintains that recent tariff implementations have significantly impacted inflation projections, necessitating a cautious approach. Powell asserts, "we didn't overreact. In fact, we didn't react at all. We're simply taking some time."

• Trump’s Demands:

  • Trump’s Proposition [04:00]: "We have to get interest rates lowered in our country... If you took it down three points, not a little bit, but three points... You would save more than a trillion dollars, basically, with just a paper transfer."
  • Trump emphasizes the urgency of reducing interest rates to bolster housing markets and alleviate financial pressures on American families.

• Administration's Pressure:

  • OMB Director Russ Vogt [07:55]: "The president is extremely troubled by your management of the Federal Reserve System."
  • Vogt conveys Trump's dissatisfaction with the Fed's financial stewardship, framing the renovation expenses as excessive and a potential point of contention for Powell's continued leadership.

• Powell's Defense:

  • Powell [07:11]: "The renovation... were in need of significant structural repairs and other updates to make the buildings safe, healthy and effective places to work."
  • Powell defends the necessity of the renovations, citing the aging infrastructure of the Federal Reserve buildings.

• Trump’s Ultimatum:

  • Trump [07:55]: "It's unlikely he will fire Powell unless... he has to leave for fraud."
  • While Trump critiques Powell, he stops short of taking immediate action, leaving the possibility of Powell's removal open only under severe circumstances.

II. House Oversight Committee Subpoenas the Clintons in Epstein Case

Jul 25, 2025, 09:59 - 12:10

The discussion shifts to the House Oversight Committee's significant move to subpoena former President Bill Clinton, former Secretary of State Hillary Clinton, and other high-profile individuals in connection with the Jeffrey Epstein scandal.

• Scope of Subpoenas:

  • Megyn Kelly [09:59]: "A House oversight committee voting on Wednesday to approve subpoenas to former President Bill Clinton, former Secretary of State Hillary Clinton and other high profile individuals with possible links to Jeffrey Epstein and Ghislaine Maxwell."
  • The subpoenas extend to all former FBI directors from 2001 through 2017, including James Comey and Robert Mueller, as well as former Attorneys General Loretta Lynch, Eric Holder, Bill Barr, Jeff Sessions, and Alberto Gonzalez.

• Epstein Files Release:

  • The Subcommittee on Federal Law Enforcement also passed a motion to compel the Department of Justice (DOJ) to release all Epstein-related files, with amendments ensuring the redaction of personally identifiable information and child sex abuse material.

• Powell’s Remarks on Subpoenas [11:08]:

  • Powell: "I never thought that we would be questioning the Clintons and others with respect to the Epstein files."
  • Powell expresses surprise at the bipartisan support for subpoenaing figures like the Clintons, noting their past associations with Epstein, such as Maxwell's attendance at Chelsea Clinton's wedding.

• Trump Administration's Response:

  • DOJ Meeting [12:10]: Deputy Attorney General Todd Blanche met with imprisoned Ghislaine Maxwell in Tallahassee, Florida.
  • The DOJ's stance, as reported by the Wall Street Journal, suggests that President Trump was informed of his name being included in the Epstein files. However, details remain sparse, and Trump’s spokesperson, Stephen Cheung, downplays the allegations, stating, "the president kicked him out of the club for being a creep."

• Wall Street Journal Report:

  • Reporter [12:50]: "The Attorney General told the President at the meeting that the files contained what officials felt was unverified hearsay about many people, including Trump, who had socialized with Epstein in the past."
  • The report underscores the tenuous nature of the evidence linking Trump to Epstein, referencing their past as neighbors in Florida and social interactions before their fallout in 2004.

III. Passing of Hulk Hogan: Wrestling Legend and Trump Ally

Jul 25, 2025, 12:10 - 16:07

The show commemorates the passing of Terry Bollea, better known as Hulk Hogan, a legendary figure in professional wrestling and a staunch supporter of Donald Trump.

• Announcement of Death:

  • Megyn Kelly [12:50]: "Iconic wrestler and American Patriot Hulk Hogan, real name Terry Bollea, dead at the age of 71. Clearwater Police in Florida confirming on Thursday morning cardiac arrest as the cause of death."

• Hogan’s Legacy:

  • Hulk Hogan is lauded as a six-time World Wrestling Entertainment (WWE) champion and a two-time WWE Hall of Fame inductee. He is credited with catapulting wrestling's popularity in the mid-1980s, turning it into a mainstream spectacle known as "Hulkamania."

• Cultural Impact and Political Ties:

  • Hulk Hogan’s Final Speech [15:24]: "With the power of Donald J. Trump and all the Trumpites running wild, America is going to get back on track... let trumpamania run wild brother. Love Trump a mania rule again. Let trumpamania make America great again."
  • Hogan's allegiance to Trump was evident through his passionate speech at the 2024 Republican National Convention, where he championed Trump's vision for America.

• Trump’s Tribute:

  • Trump’s Statement [16:07]: "We lost a great friend today. The Hulkster Hulk Hogan was MAGA all the way... He was and he did."
  • Trump lauds Hogan's character, emphasizing his strength, intelligence, and heart, while highlighting Hogan's contribution to his campaign and the broader cultural landscape.

• Hogan’s Lasting Influence:

  • Hogan's persona and advocacy for Trumpism left an indelible mark on both the entertainment and political arenas, symbolizing the intersection of pop culture and political movements.

IV. Additional Updates and Conclusion

Jul 25, 2025, 12:10 - 17:34

The episode also touches upon recent developments concerning Ghislaine Maxwell and the ongoing media frenzy surrounding the Epstein case.

• Maxwell’s Situation:

  • Megyn Kelly [12:10]: "Deputy Attorney General Todd Blanche on Thursday meeting with Ghislaine Maxwell and her legal counsel in Tallahassee, Florida."
  • Maxwell, serving a 20-year sentence for sex trafficking charges related to Epstein’s abuse network, had her legal interactions shrouded in secrecy, fueling speculation and media scrutiny.

• Media Reactions:

  • The Wall Street Journal's coverage, alongside reports from NBC, CNN, and MSNBC, underscores the heightened tension and conspiracy theories surrounding President Trump's alleged connections to Epstein.

• Public Statements:

  • While some media outlets amplify the scandalous headlines, internal communications suggest the lack of substantial evidence tying Trump directly to Epstein’s illegal activities.

Megyn Kelly concludes the update by highlighting the significance of these developments, emphasizing their impact on the political and cultural fabric of the nation.

Notable Quotes:

• Donald Trump [04:00]: "If you took it down three points, not a little bit, but three points... You would save more than a trillion dollars, basically, with just a paper transfer."

• Jerome Powell [03:46]: "We're simply taking some time."

• Hulk Hogan [15:24]: "Let trumpamania run wild brother. Love Trump a mania rule again. Let trumpamania make America great again."

• Trump on Powell’s Renovation [06:11]: "If you looked over here, they're trying to open up the basement... it's always the most expensive space to build."

Conclusion:

In this episode, Megyn Kelly navigates through high-stakes political tensions between President Trump and Federal Reserve Chair Jerome Powell, the escalating legal battles involving prominent political figures in the Epstein scandal, and the heartfelt remembrance of Hulk Hogan, a cultural icon and Trump supporter. Each segment is enriched with direct quotes and insightful analysis, providing listeners with a comprehensive understanding of the intricate dynamics shaping the current political and cultural landscape.

Stay Connected:

For more in-depth discussions and updates, join Megyn Kelly on SiriusXM Triumph channel 111, YouTube, and all major podcast platforms. Happy Friday!