Trump wants interest rates dropped. Trump is making a lot of noise about it. He is creating a great depression. Powell will get blamed.
Note this topic is all about economics. Earlier today this got dropped.
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Trump does not believe in rule of law, nor norms, nor anything but his own agenda. The prospect of the coming âTrump depressionâ is sending him into a frenzy, and Powellâs legally protected tenure will be his target.
If you havenât buckled your seat belt yet, whatsamattaU? Now do seatbelt, chest harness, and put on heavy protective headgear, as the economic sh!tstorm is about to be greatly increased by a collapse of political stability as well.
Good and Hard is getting very nasty and intestinalâŚ.
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Powell caved in December 2018. He appears to be unwilling to be weak again. Good for him.
And three thumbs up to flyer boys for his post.
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Trump just lied tonight and said Powell will resign if I ask him to.
Bold Bull
Gosh Leap, please Donât Do It!!! How did you get such leverage over a key METAR potentate?
Oh, oops, another misplace subject.
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I have had enoughâŚgood bye cruel worldâŚflushâŚ
I am a misplaced subject. I am thinking the sooner I am in Ireland the better.
@steve203 is getting his paperwork together to get locked in. Bizarre.
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Better to have papers saying you belong somewhere, than be an unperson.
Steve
Fed Chair Says He Wonât Leave if Trump Asks
Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.
Like so many things before, BigOrangeLies
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He starts to sound like Erdogan, the worldâs self-professed leading expert on central bank governance and monetary policy, as witnessed by his countryâs inflation data and exchange rate.
One wonders what happens when they have no one else to blame anymore.
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And, what will he say, if angry mobs of goobers demonstrate, noisily, in front of his house 24/7?
Steve
The Fed has their own dedicated police and protection force. I doubt such a protest would last very long in light of such.
Police canât do anything about people âexercising their free speech rightsâ, on public property. The Michigan Secretary of State found that out, when the goobers didnât like the election outcome.
Steve
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Not for my Jewish family coming from Poland/Russia in 1907 to London.
Threatening Powell in April, Powell hanging tough in April/May ⌠will probably make the June cut more authoritative because he âhung tough against Trumpâ.
Odds of a June cut are slowly decreasing. I think the market is overly optimistic that there will be more than two cuts this year and the 90-day pause gives the Fed more room to wait. It may not be wise to lower in June if there is still a risk of 20% tariffs a month later.
If I had to bet today, I would bet against a June rate decrease - especially if unemployment stays low. A higher rate also allows them more flexibility on QT.
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Canât or wonât? Seems thereâs some discretion in where police choose to exercise their force.
Right. With uncertainty on the tariff front I think the Fed will focus more on the unemployment numbers.
DB2
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A few years ago, firearms were banned from the Michigan state capital building, because of people like these parading around. Gun nutters like to parade down the street with their assault rifles, and loiter around schools, and the police canât do anything about it.
Dearborn PD officers were freaked out when some gun nutters paraded into the building to complain about Police questioning what they were doing as they paraded down the street. Look at how these guys are dressed. The court said they did cross the line at that point.
Steve
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Meet Mr. Lackey
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Oh my sweet summer child. So does the US Capital. If you riot trying to overthrow an election you get a pardon, even if a few people get killed along the way. The protesters are highly motivated and have zero downside to physically staging a coup at the Fed.
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