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Bessent says Powell doesn't need to resign but conduct a review of Fed operations
Posted on 7/22/25 at 9:55 am
Posted on 7/22/25 at 9:55 am
quote:LINKCNBC
Treasury Secretary Scott Bessent on Tuesday asserted that Federal Reserve Chair Jerome Powell does not need to resign though also he also repeated his desire for a review of the central bank’s operations.
A day after calling on CNBC for an examination of the Fed’s “entire” operation, Bessent said that doesn’t mean the central bank leader should step down. President Donald Trump, conversely, has said he hopes Powell quits and has pondered removing him.
“I know Chair Powell. There’s nothing that tells me that he should step down right now. He’s been a good public servant,” Bessent said on Fox Business. “His term ends in May. If he wants to see that through, I think he should. If he wants to leave early, I think he should.”
4
Posted on 7/22/25 at 10:01 am to bigjoe1
Robinhood lets you bet on the next Fed action. I bet $4 to win $50 that the rate is cut .25 percent. Crazy that an investment app will let you do that.
Posted on 7/22/25 at 10:26 am to supadave3
When do you think the cut will come?
Posted on 7/22/25 at 10:40 am to bigjoe1
quote:
When do you think the cut will come?
This, I am about to redo a commercial loan in a week or two
Posted on 7/22/25 at 10:42 am to supadave3
quote:
Robinhood lets you bet on the next Fed action. I bet $4 to win $50 that the rate is cut .25 percent. Crazy that an investment app will let you do that.
Doesnt that decision come next week? Seems like a bit of a hail mary (I guess odds wise it is)
Posted on 7/22/25 at 10:56 am to bigjoe1
quote:
When do you think the cut will come?
I have absolutely no clue. I just took a shot in the dark because I know Trump is pushing for it.
Posted on 7/22/25 at 11:53 am to thunderbird1100
FOMC meets on the 29th { I think}
I think they stand pat and likely cut in Sept.
I think they stand pat and likely cut in Sept.
Posted on 7/22/25 at 12:24 pm to bigjoe1
quote:Trump backs further away from firing Powel.. CNBC
President Donald Trump on Tuesday continued his barrage of criticism against the Federal Reserve but seemed to take a step back from any lingering plans to fire Chair Jerome Powell.
“I think he’s done a bad job, but he’s going to be out pretty soon anyway,” Trump told reporters during a White House exchange. “Eight months, he’ll be out.”
Posted on 7/22/25 at 2:13 pm to bigjoe1
quote:
When do you think the cut will come?
Sept
Posted on 7/22/25 at 3:49 pm to bigjoe1
all pretend. nothing but talk by a bunch of puppets.
Posted on 7/22/25 at 5:58 pm to bigjoe1
Bessent and Trump playing good cop bad cop with Powell. Bessent is positioning himself to be Fed Chair if he wants it
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