LOL, Powell will be gone soon enough, it's not really worth the fight and really all it does is shorten the timeline for Trump to carry out his agenda. Bad news is a lot of good people are going to get laid off before Powell's term is up. Fortunately they will get their jobs back once Powell is gone and then the economy will really begin to takeoff. Powell is the Deep States last stand at globalizing almost everything.
The people working for him now don't appear to hate his guts. In fact they appear to be on board with his agenda. You know the agenda the voters elected him to carry out.
moved to the "Trump losing motor control" thread, https://bbs.clutchfans.net/threads/...ing-motor-control.324469/page-9#post-15812861
Of course I do. Powell like Barr and Pence were really just Rino's/globalists playing like dressed up Republicans. It's one of the many hiring mistakes he made during his last POTUS. Fortunately this time around it looks like he's hired like minded people. I really could see a guy like Bessent or even Charles Payne being appointed as the next Fed chair. Like I said hiring Powel was a setback, but Trump isn't going to make the same mistake twice and Powell's reign will be over soon enough.
Trump has already repeated the same mistake of ill-conceived tariffs re-hiring Ron Navr, aka Peter Navarro
Do you realize how much money tariffs have already brought into this country and Trump's tariff policies have caused foreign countries to invest in the USA like they never have before. Also tariffs haven't really caused inflammation to rise at all. So to summarize, tariffs have brought more money and investment into the USA and at little cost of inflation. What's your problem? Navarro is better at his job than Powell is at his. Trump is putting people in place that will help carry out the agenda he was voted to carry out. You just don't like Trump or the people who voted for his agenda.
All this raging at Powell is pretty funny. There is no magic 'fix economy' button the Fed Chair is sitting on. You either step on the money printer and blow out inflation or don't and choke the markets. It's two ends of the same teeter-totter. There is no right answer, you're just choosing how you want to die.
Despite incessant mockings / ridicules from the Tangerine Musolini, and Trumpeteers' threats of investigations, Fed Chair leaves rates unchanged, with two governors dissenting "The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated," the central bank said in a policy statement released after the Federal Open Market Committee voted 9-2 to keep its benchmark overnight interest rate steady in the 4.25%-4.50% range for the fifth consecutive meeting. you go, Jerome Powell, ⠀⠀⠀
While the convicted felon and Trumpeteers have been pressuring Powell to cut rate. The Captain Sully of Central Banker stood his grounds, leaving the discount rate unchanged. In fact, in his speech, Powell described tariffs as inflationary and, in view of the forthcoming new / higher tariffs, he is resisting the urge to raise the discount rate
WTH, is it that hard to say that govt prints money, sells them off as tbills, fed influences interest rate by setting a bank rate. Printing money/auctioning tbills is the same thing as borrowing against your own currency. Edit: I guess the video question is why US "borrows" money, which is just asking why do we balance the books by keeping track what's been printed. Obvious answer is to keep inflation in check.
There is a magic "fix economy" button - get rid of the deranged child molesting-covering up dementia patient who is singlehandedly crushing it with tariffs & recession-inducing policies. If Trump resigned today, and JD Vance turned himself into "Hillbilly elegy" era JD Vance rather than pickle-brained online Nazi JD Vance - even if the former was a mere simulacram - and we ended the insane trade wars and went back to "normal" goernance where congress negotitates spending bills, we let experts handle expert level stuff, the government didnt' run personal crypto grifts on the side, the regulators did normal regulation and we had a regime of rules rather than gangster state bribes & extortionary deals - you would absolutely see a dramatic improvement across most economic indicators inside of 1-2 years vs. where we are heading.
