Haven’t seen anyone talking about this, but it actually concerns me more than judges.
The Fed is supposed to be independent, but obviously Trump will appoint a loyalist who will immediately reduce interest rates to near zero (or possibly negative interest rates) in order to try to get some short term political gain for Trump.
But of course this will be a complete disaster afterwards. Much, much worse than the current tariff situation.
Powell’s term will end prior to the midterms.
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Haven’t seen anyone talking about this, but it actually concerns me more than judges.
The Fed is supposed to be independent, but obviously Trump will appoint a loyalist who will immediately reduce interest rates to near zero (or possibly negative interest rates) in order to try to get some short term political gain for Trump.
But of course this will be a complete disaster afterwards. Much, much worse than the current tariff situation.
Powell’s term will end prior to the midterms.
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I mean … Trump could fire him at any time, so I’m not all that concerned about Powell specifically.
I am, yes, concerned about what happens when (not if) a Trump loyalist becomes Chair, but I don’t know what we can do about it.
I am praying the republicans finally turn on him by then.
Decisions by the FOMC are made collectively, and while he leads discussions, he isn’t the only person making decisions.
I’m only worried about Trump trying to replace him before his term ends. We’ll know by May 2026 how badly Trump has fucked us.
Very worried. We’re watching the end of America. It may take centuries to repair the damage from Trump.
His voters deserve to suffer. They’re the most vile assholes in the country.
It’s just a shame the rest of us need to suffer, too.
first he has to make it to 2026
I’m reasonably worried. My main hope is that Trump picked Powell in the first place, and it’s possible that once again somebody he thinks will be a loyalist will actually be someone who’s good at their job.
At this point….We already invited the vampire into the house. It’s just waiting.