President Trump behavior is very predictable. This will happen over the next 3 years : Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired. Fed Chairman will be fired! Fed Chairman will not be fired.
“Bill Pulte, director of the Federal Housing Finance Agency, expressed confidence that a congressional panel will look into allegations surrounding Federal Reserve building renovations…” “.. Pulte earlier this month called for Federal Reserve Chair Jerome Powell to be investigated by Congress and alleged, without providing details, that his recent testimony about the central bank’s planned renovations was “deceptive..” Bloomberg “ •2y ago “Imagine being this guy. Grow up rich. Given every advantage in life. Get a massive inheritance from your grandfather. Only to be belittled and dunked on by a bunch of financial cultists and then be called “Ploot”. 156 DrSpectrum He's just .....rude. Incredibly rude. Not in the foul mouthed sense, but the way he treats people. Like they're his doormat. Ignores them, talks over them, belittles them...Or makes them dance for his performative charity. Just an utter, utter, arsehole. Nice to see what happens when he encounters people who aren't looking for a slice of his grandads money; people who have self respect enough to not allow themselves to be treated that way.”
I would love to Paul Volker back as the the Fed Chair and Jack the rates up to 15% Americans might start saving again. Powell vs. Trump.... I would put the money on Powell, I bet he got better grades in school. Akuma, Platinum
The next Fed Chairman will face similar problem unless President Trump takes over the Fed Chairman post.
This is absolutely 100% awesomeness. I agree 1000% on bringing back the good old days of Volker and higher rates, 15% would be so beautiful.... Ever since volker left its been nothing but free fucking handouts to wallstreet. Greenspan, Bernanke, yellen and Powell for the last 40 years have just bowed to wallstreet and have given a free pass to every big bank, printing trillions upon trillions upon trillions of dollars to prop up every asset class known to mankind...its pathetic, ...all of them more dovish than the next.... I would vote for 15% interest rates this second and give all the savers the gift they need of the best return on their savings the world has ever seen! But let's face it, with the trillions in debt the US is in anything above 0% is just a long uphill battle...so they will beg and pray for 0% rates to juice stocks to infinity!!!!
Trump as we speak is making sure well ahead of time that he will get someone that the second they are in will lower rates back near 0%. I kinda wish now that Powell would just have an emergency meeting and cut rates straight to 0% just to see what would happen to the markets. Could be a fun little game.
Wall Street is coming to the Fed's defense https://finance.yahoo.com/news/wall-street-is-coming-to-the-feds-defense-125752102.html Some of the biggest names on Wall Street are getting louder about the importance of an independent Federal Reserve as the White House pressure on Jerome Powell intensifies. JPMorgan Chase (JPM) CEO Jamie Dimon, Bank of America (BAC) CEO Brian Moynihan, Citigroup (C) CEO Jane Fraser and Goldman Sachs (GS) CEO David Solomon all offering separate arguments this week about why it was so critical to financial markets for the central bank to operate autonomously. "Fed independence is very important, and it's something we should fight to preserve,” Solomon told CNBC Wednesday. The stability of the US “is actually necessary and important to the whole world,” Moynihan added in a separate interview with CNBC Wednesday, and “I think a stable Fed, an independent Fed, is key to that.” “In a year, we'll have a new Fed chair, because that's the right of the president," he added, referring to the fact that Powell's term expires next May. "But I think if… the market would really look at a change prematurely as being something very different." Investors did in fact react negatively on Wednesday to multiple reports that Trump was close to firing Powell, with longer-term Treasury yields rising and the dollar dropping, before Trump told reporters that he was "not planning" to fire Powell. Trump left the door open to that possibility, however. "I don't rule out anything, but I think it's highly unlikely, unless he has to leave for fraud," he said. Citigroup's Fraser was among the other big bank executives to make her views known publicly this week. In a statement shared with Yahoo Finance and other media outlets, she said that “the independence of the Federal Reserve drives its credibility. It is critical to the effectiveness of our capital markets and U.S. competitiveness.” But the CEO who first weighed in this week was JPMorgan's Dimon, someone with a lot of sway on Wall Street and in Washington. Trump in April acknowledged listening to Dimon before pulling back on his "Liberation Day" tariffs, which triggered widespread market chaos. Dimon told reporters Tuesday that the independence of the Federal Reserve is "absolutely critical" for Powell and whoever succeeds him as chairman of the central bank. "Playing around with the Fed can often have adverse consequences," Dimon said after JPMorgan reported its first quarter earnings, adding that it can produce "the absolute opposite of what may be hoping for."