What are your thoughts on the Trump administration exploring ways to remove Jerome Powell from Chair of the Federal Reserve?
What are your thoughts on the Trump administration exploring ways to remove Jerome Powell from Chair of the Federal Reserve?
Comments
“should we carry him out or just wait til he leaves then change the locks?”
Trump is a moron.
Idiotic. He’s the only adult left in the room. So they will absolutely pursue it with enthusiasm.
Not surprising if he does it. Replace it with a cronie and then as the dollar starts crashing he starts panicking and rants about how this was a ticking time bomb and Biden’s fault and the democrats surely did this to him because he’s never wrong.
Good time to buy gold. Once Powell is gone and the rates are set to whatever Trump wants them to be, we’re gonna be as bankrupt as Trump’s countless casinos were.
When you mess with the economy due to politics and not data, you get a 3rd world basket case economy like Argentina or Turkey
Because of trump’s government attack of Harvard, the group of universities in the PAC 10 and the SEC have banded together in a NATO like alliance. If one is attacked by Trump they band together to fight legally, monetarily and publicly for their rights. At the same time, the VP of this country has stated publicly that universities are the enemy.
ANGRY YET? SCARED YET?
let’s hope kid rock is free to take the position!
the speed-run of fall of the republic is real.
misguided. The entire Fed is the issue not just JP. The fed has been fucking up things since its creation, same mistakes over and over
Trump can say what he wants but Powell is going to keep showing up and being the chair of the Fed until either his term is up or he is removed by Congress.
Looking forward to leftists identifying themselves as monetary hawks now that Trump is pushing for interest rate cuts, just like everyone found religion on free trade because of Trump’s tariffs.
Powell is okay, not bad enough to be worth making the fed less independent.
They cannot legally remove Powell. His term ends in May 2026.
The Dotard can appoint whoever he wants to take over in May, with confirmation by the Senate.
Par for the course. Everyone who voted for the bloated chunk of corrupt gristle richly deserves it. The people who voted against him absolutely do not, but the mere fact that this proven incompetent asshole has more than the LaRouche 5% nut support line is plenty of proof that the country lost its mind.
As long as he can do it lawfully then he has that option. I don’t believe Jerome Powell is above allowing his left leaning ideology to skew his decisions.
I don’t know why Republicans are so invested in destroying the economy, but in five years the only jobs will be coal miner, crypto scammer, or podcast bro and all seem awful.
So far down the list of terrible shit he’s doing that it’s barely worth mentioning.
Thoughts? Its simple. Trump gets rid of anyone and everyone who disagrees with him because he’s the smartest man in the world.
Fully expected as indicated in Project 2025.
I wouldn’t be surprised if they tried to label him a terrorist and ship him off to El Salvador.
It really is a speed run to the bottom for the US.
SQQQ if he does
He needs a scapegoat for the stock and bond and dollar issues, it’s not his fault, it’s because Powell. So I think likely that’s his true hope. But if somehow Powell is out, he’ll have to find a new excuse. Obama?
Trump wants a yes man at the fed which means he wants negative interest rates which can be very bad.
Honestly, without being flippant, it seems there are no consequences to his actions at this point in time. My thoughts? He’s going to fire the guy and continue doing anything he wants, and, I hate it.
He wants to so badly that he can taste it. It’s part of his big scheme to introduce chaos into every aspect of government. The only hope is if the big money guys on Wall St step in and stop him to maintain some semblance of order.
Don’t care in the slightest
Trump is trash… and weak. He always needs someone to blame for his ignorance. And this tariff war and fucked up stock market is 100% his ignorance. Such a fool. Can’t believe one person voted for the bastard much less 70m.
Anything trump does is illegal. Anything Republicans do is illegal. Anything conservatives do is illegal. Fuck everyone one of these traitors.
Doĺar crashes. Gold soars.
That the guy who hired him is an incompetent dipshit who had no business being president?
We are about to have Zimbabwe hold our beer and show them what kind of hyper inflation can be achieved when you put you back into it.
I knew eventually he would go after Powell, so far, he does succeed at getting rid of anybody that dares to oppose him.
They’re gonna doge the federal reserve like they did us treasury
Stupid, but what else is new. A little tidbit I learned in business school: the more politically independent a country’s central bank is, the better its economy performs. So, this is yet another destructive action, and that is simple an evidence-based prediction.
goddamnit I thought this was r/WSB
Seems like the only way to show Americans just how bad their leaders are is financial collapse, so bring it on. Lower rates until inflation spirals out of control and prices rise out of control.
If Trump forces out Powell to replace him with some crony the dollar is going to be toast