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Elizabeth Warren Warns Trump Nominee: Hands Off The Fed
Posted on 11/26/24 at 8:46 am
Posted on 11/26/24 at 8:46 am
Link to article…
I have been a fierce critic of Fed Chair Jerome Powell’s extreme interest rate hikes and lack of transparency, but I have never questioned that it is his job to make those decisions. It would be a serious error for the Trump administration to interfere with the Fed’s independence, as Mr. Bessent has suggested,” Sen. Elizabeth Warren (D-Mass.) said in a statement Monday.
Bessent is the founder of a hedge fund named Key Square Capital and advised Trump on economic policy during his presidential campaign. He started his hedge fund in 2015 after previously working for Soros Fund Management, the asset manager for billionaire investor and activist George Soros’ Open Society Foundations.
Bessent raised eyebrows in October when he said Trump should nominate a replacement for Powell well ahead of the 2026 end of Powell’s term as chairman of the central bank. That “shadow” Fed chair would have the attention of financial markets even before he or she were confirmed, which would rob the Fed chairman of one of the traditional powers of the office, being able to jawbone markets through public comments.
I have been a fierce critic of Fed Chair Jerome Powell’s extreme interest rate hikes and lack of transparency, but I have never questioned that it is his job to make those decisions. It would be a serious error for the Trump administration to interfere with the Fed’s independence, as Mr. Bessent has suggested,” Sen. Elizabeth Warren (D-Mass.) said in a statement Monday.
Bessent is the founder of a hedge fund named Key Square Capital and advised Trump on economic policy during his presidential campaign. He started his hedge fund in 2015 after previously working for Soros Fund Management, the asset manager for billionaire investor and activist George Soros’ Open Society Foundations.
Bessent raised eyebrows in October when he said Trump should nominate a replacement for Powell well ahead of the 2026 end of Powell’s term as chairman of the central bank. That “shadow” Fed chair would have the attention of financial markets even before he or she were confirmed, which would rob the Fed chairman of one of the traditional powers of the office, being able to jawbone markets through public comments.
12
Posted on 11/26/24 at 8:49 am to Placekicker
If Warren wants him, then I don't.
Posted on 11/26/24 at 8:49 am to Placekicker
Posted on 11/26/24 at 8:49 am to Placekicker
The craziest thing ever is that Warren thinks of herself as some economic genius. How did she earn that title other than self-importance?
She is a moron and her agency, the Consumer Financial Protection Bureau, does more harm to the economy than good under the guise of fairness for minorities. I hope DOGE strips it bare.
She is a moron and her agency, the Consumer Financial Protection Bureau, does more harm to the economy than good under the guise of fairness for minorities. I hope DOGE strips it bare.
Posted on 11/26/24 at 8:49 am to Placekicker
Posted on 11/26/24 at 8:51 am to stout
quote:
The craziest thing ever is that Warren thinks of herself as some economic genius.
quote:
“Yesterday, Warren released what she called her plan for economic patriotism. Amazingly, that’s pretty much what it is. Economic patriotism,” Carlson said, as part of a stunning monologue opening his Fox News show.
He praised the Massachusetts Democrat’s policy prescriptions and said many “make obvious sense.”
Tucker Carlson likes her economics.
Posted on 11/26/24 at 8:52 am to RogerTheShrubber
quote:
Tucker Carlson likes her economics.
OK?
Is Tucker infallible? I must have missed that memo.
She was one of the idiots screaming the loudest to "tax the rich" and thinks trickle-down doesn't work both ways.
This post was edited on 11/26/24 at 8:54 am
Posted on 11/26/24 at 8:54 am to RogerTheShrubber
quote:
Tucker Carlson likes her economics.
You have a link for that or you just making shite up again.
Posted on 11/26/24 at 8:54 am to stout
quote:
How did she earn that title other than self-importance?
Isn’t she part Cherokee?
Posted on 11/26/24 at 8:55 am to stout
The Fed was slow to raise rates but they've done a pretty good job since considering the circumstances..
It needs a chair with a data-driven mindset, not an idealogue, because economic data should be the number one factor driving decisions.
It needs a chair with a data-driven mindset, not an idealogue, because economic data should be the number one factor driving decisions.
Posted on 11/26/24 at 8:56 am to Placekicker
the only solution to the Fed is to be shut down, PERIOD
It’s. purposeful fleecing of American Wealth, money laundering machine that creates bubbles “too big to fail” and the cycle rinse abs repeat.
The Fed Reserve Act of 1913 is easily the largest financial crime in tbe history of the WORLD!
and then when you peel the onion on the Fed, not only is it a financial crime, but it is the root of all evil when it comes to the predatory banking practices and wars that create straight chaos and evil and destroy people and families that turn into violence etc….
the system is corrupt to its core, need to replace it!
In the bible, it says that individual taxes should not be, and back in day, to my knowledge, tariffs were a big source of Gov’t money to take care of our public sector issues.
i could. be slightly wrong, but that’s the gist of how i feel about it.
It’s. purposeful fleecing of American Wealth, money laundering machine that creates bubbles “too big to fail” and the cycle rinse abs repeat.
The Fed Reserve Act of 1913 is easily the largest financial crime in tbe history of the WORLD!
and then when you peel the onion on the Fed, not only is it a financial crime, but it is the root of all evil when it comes to the predatory banking practices and wars that create straight chaos and evil and destroy people and families that turn into violence etc….
the system is corrupt to its core, need to replace it!
In the bible, it says that individual taxes should not be, and back in day, to my knowledge, tariffs were a big source of Gov’t money to take care of our public sector issues.
i could. be slightly wrong, but that’s the gist of how i feel about it.
Posted on 11/26/24 at 8:57 am to Bigfishchoupique
Chip a Way
Posted on 11/26/24 at 8:59 am to Westbank111
quote:
the only solution to the Fed is to be shut down, PERIOD
Warren is a big MMT proponent.
Posted on 11/26/24 at 9:04 am to stout
quote:
The craziest thing ever is that Warren thinks of herself as some economic genius.
As the leader of the tribal council, Pocahontas gets to decide how the buffalo meat is allocated.
Posted on 11/26/24 at 9:07 am to Placekicker
Did she communicate this via smoke signal?
Posted on 11/26/24 at 9:08 am to Placekicker
Big bad Pochohotas has shot her load but it wont harm the Orange Man.
Posted on 11/26/24 at 9:12 am to Placekicker
Well that independence from government is what makes it enticing to complete destruction of it
Posted on 11/26/24 at 9:12 am to stout
quote:
The craziest thing ever is that Warren thinks of herself as some economic genius. How did she earn that title other than self-importance
Roger is the Liz Warren of the Poli
Posted on 11/26/24 at 9:14 am to SDVTiger
quote:
Roger is the Liz Warren of the Poli
Accurate
Posted on 11/26/24 at 9:16 am to VoxDawg
quote:
The world is drowning in debt. Three hundred trillion dollars of debt, to be precise.
None of it can be paid back, which is why the enemy is desperate for a global reset, allowing them to confiscate all the assets. All of OUR assets.
But, as we know, Trump is always ten steps ahead of them.
The US has come a long way. We now have an Indian squaw telling a Presidential Treasury Department Secretary nominee to stay away from the FED.
The MSM says nothing!!
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