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Message
re: Powell asked if the Fed will intervene if the stock market plummets?
Posted on 4/16/25 at 3:10 pm to John Barron
Posted on 4/16/25 at 3:10 pm to John Barron
Whoever asked the Fed chair that question is a complete dumbass.
Of course the answer is NO! The stock market is not an objective of the Fed.
And you're a dumbass for thinking it is...
Of course the answer is NO! The stock market is not an objective of the Fed.
And you're a dumbass for thinking it is...
0
Posted on 4/16/25 at 3:23 pm to RogerTheShrubber
Like that would stop them. What is at play here is the overturning of Humphrey around 1935 in terms of being able to fire guys like Powell and Fed governors. Trump wants to control the Fed's role in monetary policy and setting of interest rates across the board.
Not sure that a guy like Bessent would endorse something like that though....don't think Lutnick would be wild about it either
Not sure that a guy like Bessent would endorse something like that though....don't think Lutnick would be wild about it either
Posted on 4/16/25 at 3:34 pm to RogerTheShrubber
quote:
RogerTheShrubber
Posted on 4/16/25 at 3:36 pm to Rebel
That looks like Bernie.
Posted on 4/16/25 at 3:37 pm to mmcgrath
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