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Started By
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Fed Independence
Posted on 4/10/25 at 4:52 pm
Posted on 4/10/25 at 4:52 pm
How bad does it get if the SCOTUS allows Trump to fire Jerome Powell, ending the independence of the Fed. He will try to do it. It is pure market Armageddon?
6
Posted on 4/10/25 at 5:07 pm to IMSA_Fan
Where was that independence when Powell was carrying Biden's water saying that the inflation was transitory? Give me a break, only one party is ever held to these rules and it isn't the democrats.
This post was edited on 4/10/25 at 5:08 pm
Posted on 4/10/25 at 5:09 pm to IMSA_Fan
Not sure how they would let him, you basically only have these options to remove a Fed Chair
Proven misconduct
Neglect of duty
Legal or ethical violations
His term is up in 2026, so he will be gone soon enough.
Proven misconduct
Neglect of duty
Legal or ethical violations
His term is up in 2026, so he will be gone soon enough.
Posted on 4/10/25 at 5:30 pm to Stuckinthe90s
The Fed screwing up inflation is the biggest thing that doomed Biden’s presidency. The policies under his leadership were a massive gift to the GOP
Posted on 4/10/25 at 5:33 pm to IMSA_Fan
Fed independence ship has sailed long before now
Posted on 4/10/25 at 5:59 pm to TigerTatorTots
So you believe this current Fed is acting directly with the President and his administration (e.g., it isn’t independent)?
Posted on 4/10/25 at 6:00 pm to DarthRebel
quote:
Not sure how they would let him, you basically only have these options to remove a Fed Chair
Proven misconduct
Neglect of duty
Legal or ethical violations
Based on his firing of other independent heads that is now going to the supreme court, those reasons do not seem like they have to be followed anymore. It will come down to SCOTUS
Posted on 4/10/25 at 7:15 pm to IMSA_Fan
Current admin? No
Posted on 4/10/25 at 8:50 pm to Stuckinthe90s
quote:All true, but irrelevant The question is: In the current market environment, what do you think will happen if SCOTUS gives Trump the power to replace Powell right now? How do you think the stock market will respond to that? Be honest.
Where was that independence when Powell was carrying Biden's water saying that the inflation was transitory? Give me a break, only one party is ever held to these rules and it isn't the democrats.
Posted on 4/10/25 at 9:21 pm to IMSA_Fan
quote:doesn’t mean get rid of the person who happens to be in charge if it at the moment, it means eliminate it completely as an institution.
End the Fed
We will no longer borrow money from a central bank which is allowed to print money from thin air (inflationary) and set rates arbitrarily.
Posted on 4/10/25 at 9:31 pm to IMSA_Fan
quote:
Fed Independence
Posted on 4/10/25 at 9:34 pm to IMSA_Fan
The president should have executive power to adjust the federal funds rate. -Donald J. Trump
Posted on 4/10/25 at 10:19 pm to DarthRebel
quote:
His term is up in 2026
Rate cuts will happen this year, likely 2, possibly 3. Everything will pump through the end of year and we'll likely go in recession by mid-26.
This is all political posturing. Like the poster above said, what happens if Powell is removed? Say goodbye to any economic theory you know today, sentiment will tank and look out below.
Posted on 4/11/25 at 5:16 pm to IMSA_Fan
quote:
The Fed screwing up inflation is the biggest thing that doomed Biden’s presidency.
While the fed could've acted sooner, it seems like they got inflation under control rather quickly without causing a recession.
quote:
Biden’s presidency. The policies under his leadership were a massive gift to the GOP
It was Biden's policy of continuing to pump cash into the economy that made inflation as persistent as it's been.
From a historical perspective, inflation really wasn't as bad as people were crying about during Biden's term, it only averaged out to be about 5% per year. While high for current standards, compared the 8.3% per year for Nixon's second 'term', for example, it was manageable, and not much more than Bush I's 4.2% per year.
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