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Trump says he has the right to dismiss or demote Fed Chairman Powell
Posted on 3/14/20 at 5:22 pm
Posted on 3/14/20 at 5:22 pm
quote:
“I think I have the right to remove. I have the right to also take him and put him in a regular position and put somebody else in charge. And I haven’t made any decisions on that,” Trump told reporters during a coronavirus briefing at the White House.
LINK
Powell is holding us back. We need negative rates now!
6
Posted on 3/14/20 at 5:23 pm to OleWarSkuleAlum
He should’ve never been appointmented him in the beginning.
Just like many of his appointments good luck getting anyone in to follow his agenda.
Just like many of his appointments good luck getting anyone in to follow his agenda.
Posted on 3/14/20 at 5:24 pm to OleWarSkuleAlum
I'm gonna take out huge loans to gamble. If I lose, take new loans to cover the losses and try again. Checkmate banks.
This post was edited on 3/14/20 at 5:24 pm
Posted on 3/14/20 at 5:24 pm to OleWarSkuleAlum
Eh, what I’d really like is a world where the fed doesn’t exist, or doesn’t have the power they do now.
Posted on 3/14/20 at 5:27 pm to Magician2
This is the next federal reserve chairwoman..
Judy Shelton
Judy Shelton
This post was edited on 3/14/20 at 5:28 pm
Posted on 3/14/20 at 5:45 pm to OleWarSkuleAlum
Jamie Dimon. His politics are suspect but there’s no denying that he’s the best and most capable of leading the Fed.
Posted on 3/14/20 at 5:46 pm to OleWarSkuleAlum
quote:
This is the next federal reserve chair
Posted on 3/14/20 at 5:49 pm to OleWarSkuleAlum
quote:
Trump says he has the right to dismiss or demote Fed Chairman Powell
Trumps statement was stupid.... you think he’s doing a terrible job and have the authority to remove him, yet you won’t.
Posted on 3/14/20 at 5:49 pm to 90proofprofessional
Photo not loading.
Posted on 3/14/20 at 5:53 pm to OleWarSkuleAlum
quote:The longterm ramifications of negative rates on inflation really worries me.
We need negative rates now!
Something has to give, but I don't agree with negative interest rates.
ETA: spelling.
This post was edited on 3/14/20 at 6:34 pm
Posted on 3/14/20 at 6:10 pm to OleWarSkuleAlum
The Fed has already signaled that they will be lowering rates to either 0 or 0.25 next week. Trump is just saying this so that when they do lower them he take take credit for persuading the fed to lower rates. Which of course isn’t true, but the bulk of the population knows to little about monetary policy to call him on it.
It’s a skeevy tactic, and it further erodes the separation of the fed from politics, which is the last thing we want. This is the one area where Trump’s need to control every narrative is deeply harmful to our economic system.
It’s a skeevy tactic, and it further erodes the separation of the fed from politics, which is the last thing we want. This is the one area where Trump’s need to control every narrative is deeply harmful to our economic system.
Posted on 3/14/20 at 6:12 pm to fjlee90
gif, which shows fine for me, and my settings are bad about blocking pics/gifs
it's the vomit scene from Team America, in response to Judy S
it's the vomit scene from Team America, in response to Judy S
Posted on 3/14/20 at 6:16 pm to OleWarSkuleAlum
That would be a train wreck dude.
Posted on 3/14/20 at 6:21 pm to funnystuff
quote:
That would be a train wreck dude.
She’s a gold standard anti-federal reserve advocate. Sounds good to me!
Posted on 3/14/20 at 6:51 pm to OleWarSkuleAlum
quote:Yep. Not to mention that she proposed abolishing federal deposit insurance. Like I said, total train wreck
She’s a gold standard advocate
Posted on 3/14/20 at 7:27 pm to fjlee90
quote:his type usually goes the route of Secretary of the Treasury.
Jamie Dimon.
Posted on 3/15/20 at 7:39 am to arcalades
quote:
his type usually goes the route of Secretary of the Treasury.
Yes he already was essentially the acting treasury secretary in ‘08 when Paulson was stumbling over his feet.
Posted on 3/15/20 at 8:41 am to fjlee90
John Allison, former head of BB&T
Posted on 3/15/20 at 8:45 am to OleWarSkuleAlum
So was Alan Greenspan, we saw how that worked out.
Posted on 3/15/20 at 8:50 am to funnystuff
quote:
The Fed has already signaled that they will be lowering rates to either 0 or 0.25 next week. Trump is just saying this so that when they do lower them he take take credit for persuading the fed to lower rates. Which of course isn’t true, but the bulk of the population knows to little about monetary policy to call him on it.
It’s a skeevy tactic, and it further erodes the separation of the fed from politics, which is the last thing we want. This is the one area where Trump’s need to control every narrative is deeply harmful to our economic system
He just needs to abolish it.
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