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Message
Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Posted on 4/26/24 at 9:28 am
Posted on 4/26/24 at 9:28 am
quote:
The Wall Street Journal reported that the plan is highly secretive and part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions.
quote:
Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration's goals.
CNBC Link
I'm questioning the authenticity of the WSJ report, but if that's true that would seem problematic.
I don't know what legal hurdles would be in their way, but the president shouldn't have that much authority.
14
Posted on 4/26/24 at 9:30 am to Powerman
Fed is far too powerful and politicized as it is. Should be abolished. President messing with it is recipe for disaster.
Posted on 4/26/24 at 9:31 am to Thundercles
FBI
DOJ
CIA
DOL
DOE
Fed
DOJ
CIA
DOL
DOE
Fed
Posted on 4/26/24 at 9:32 am to Powerman
Better to scrap the Fed completely.
Posted on 4/26/24 at 9:32 am to Powerman
quote:
the president shouldn't have that much authority.
So a govt agency should just do what it wants against the president’s plan?
Does this mean y’all will stop blaming Trump for the deficit if he shouldn’t have any responsibility tied to it?
Posted on 4/26/24 at 9:32 am to Thundercles
quote:
Fed is far too powerful and politicized as it is
Congress controls it so this is B.S. red meat. 1) it's not powerful 2) the executive will never "control" it the commercial banks do and always will
Posted on 4/26/24 at 9:33 am to Thundercles
quote:
President messing with it is recipe for disaster.
I agree.
Posted on 4/26/24 at 9:33 am to Powerman
quote:
I'm questioning the authenticity of the WSJ report, but if that's true that would seem problematic.
It would be a disaster for the country long term if it were to play out like this. I'm sure you'll get the reflexive responses about muh Fed and muh Trump, but it's an awful idea.
Posted on 4/26/24 at 9:34 am to Powerman
E
N
D
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H
E
F
E
D
N
D
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H
E
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E
D
Posted on 4/26/24 at 9:35 am to momentoftruth87
quote:
So a govt agency should just do what it wants against the president’s plan?
It's not a government agency and monetary policy does not fall under the purview of the president
quote:
Does this mean y’all will stop blaming Trump for the deficit if he shouldn’t have any responsibility tied to it?
What?
Posted on 4/26/24 at 9:37 am to Powerman
quote:
I'm questioning the authenticity of the WSJ report, but if that's true that would seem problematic.
Do you think it's problematic for politics to influence the Fed chair's monetary policy?
Posted on 4/26/24 at 9:38 am to Powerman
They’ll kill him before he can do that.
Posted on 4/26/24 at 9:38 am to Powerman
Based on the debasement of the dollar, the Fed is well on its way to ending itself.
Posted on 4/26/24 at 9:38 am to Powerman
Good. Needs to happen.
Posted on 4/26/24 at 9:40 am to Powerman
No surprise since Trump is a big spending Liberal. This would be absolute disaster. 
Posted on 4/26/24 at 9:43 am to Lou Pai
quote:
Lou Pai
Great the resident retard is back
Posted on 4/26/24 at 9:44 am to Powerman
overly dramatic WSJ. go research Schedule F. Axios started clutching their pearls first.
they want people like you to become alarmed because they want all the levers of power.
the GangOf8 took away executive branch powers. the chamber of commerce runs DC. how dare Trump fix things as they slush in money. they are greedy POS in DC on both sides of the aisle.
they want people like you to become alarmed because they want all the levers of power.
the GangOf8 took away executive branch powers. the chamber of commerce runs DC. how dare Trump fix things as they slush in money. they are greedy POS in DC on both sides of the aisle.
Posted on 4/26/24 at 9:44 am to thermal9221
quote:
They’ll kill him before he can do that.
Not really.
What is described in the article does not hurt the Fed.
This is a response from Trump team because it is a known fact that Jerome Powell politically acted against Trump to help get Biden elected.
Loading Twitter Embed.... Biden has a Federal Reserve Chair making monetary policy decisions that help his administration.
Why can't Trump have the same in his administration?
Posted on 4/26/24 at 9:45 am to Powerman
Donald "Andrew Jackson" Trump.
Posted on 4/26/24 at 9:45 am to GumboPot
Because lou pai and the bots say it’s unfair yet will blame Trump economically while Congress and the fed are the problem
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