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FEDERAL RESERVE CHAIR JEROME POWELL SAYS DONALD TRUMP CAN'T FIRE HIM
Newsweek ^ | 03-11-19 | ARISTOS GEORGIOU

Posted on 03/11/2019 7:45:20 AM PDT by Steve1999

n a wide-ranging interview on the CBS show 60 Minutes, Federal Reserve Chairman Jerome Powell said President Donald Trump did not have the authority to remove him from his position. The Fed has often been the target of criticism from the Trump administration. Toward the end of last year, Bloomberg reported that the president had discussed firing Powell. When CBS’s Scott Pelley asked Powell whether the president could fire him, he responded: “The law is clear that I have a four-year term. And I fully intend to serve it.”

(Excerpt) Read more at newsweek.com ...


TOPICS: Local News; Military/Veterans; Miscellaneous
KEYWORDS: diversion; headfake; powell; trump
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1 posted on 03/11/2019 7:45:20 AM PDT by Steve1999
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To: Steve1999

Just another “in your face Trump” from NewsWEAK.


2 posted on 03/11/2019 7:46:39 AM PDT by EagleUSA
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To: Steve1999

The Corleones had ways to deal with bureaucrats like this.


3 posted on 03/11/2019 7:49:38 AM PDT by VietVet876
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To: Steve1999

We should check out the links between Fed chairmembers, their spouses, and our known list of deep-swamp conspirators. Disgusting are the already-known links between democrat lawyers, TLA (Three-Letter Agency, also Three Letter Acronym) agency directors ... eg Andy McCabe’s wife running for office, receiving donations from the gubernor... coctail parties with Clinton lawyers and Obama fixers. Rosenstein’s wife (lawyer) Mueller’s wife (BFFs with new attorney gen’s wife) Puke-worthy.

It stinks to heaven.


4 posted on 03/11/2019 7:49:45 AM PDT by Phinneous (By the way, there are Seven Laws for you too! Noahide.org)
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To: Steve1999
But, under the Constitution, Trump has the power to supplant the function of the FED with the creation of sovereign money.

I see no reason to borrow money from wealthy usurers when we can create our own for just the cost of production.

The FED is an abomination to our Constitution and forces us into debt slavery.

"Money" is merely a fiscal lubricant, not true wealth. Google it (while you can).

5 posted on 03/11/2019 7:51:46 AM PDT by Aevery_Freeman (Tired of kissing Banker Butt! Hurrah, Andrew Jackson!)
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To: Steve1999

Expect Powell to help crash the economy to try to prevent Trump from getting elected.


6 posted on 03/11/2019 7:52:10 AM PDT by minnesota_bound (My sister said the only thing that did not was the clock. GE has spare parts)
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To: Steve1999

Could you imagine him saying, “Obama doesn’t have the authority to fire me”?


7 posted on 03/11/2019 7:52:21 AM PDT by headstamp 2
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To: Steve1999

Thought the FED ws an independent foster child of the BIG BANKS, not a bastard child of federal gubmint..So?


8 posted on 03/11/2019 7:57:48 AM PDT by litehaus (A memory toooo long.............)
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To: Phinneous

And thus the reason I could not support Ted Cruz.

Powell WILL crash the economy before the election. Count on it.


9 posted on 03/11/2019 7:59:54 AM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just hava few days that don't suck.)
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To: VietVet876

Nobody is beyond finding themselves out of a job.

Sometimes the firing is more abrupt and permanent than others.

If Jerome Powell has the least degree of good grace, he would tender his resignation. Trump should then accept the letter, but keep it in his desk drawer, to be trotted out when Powell once again becomes recalcitrant.


10 posted on 03/11/2019 8:01:32 AM PDT by alloysteel (Inside every cynical person, there is a disappointed idealist. George Carlin)
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To: Aevery_Freeman

Isn’t that what supposedly lead to the assassination of JFK, who was said to be preparing to issue Treasure Notes in competition to the FRN’s?


11 posted on 03/11/2019 8:07:19 AM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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To: Steve1999

Who sold him on Powell?


12 posted on 03/11/2019 8:08:13 AM PDT by 9YearLurker
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To: Steve1999

He can be fired for cause. And cause is defined by the President. Ask Comey about that 10 year term, sport.


13 posted on 03/11/2019 8:09:05 AM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: Aevery_Freeman

Trump is also CIC. I bet he can find the same folks the Clintons use to clean up messes.


14 posted on 03/11/2019 8:11:42 AM PDT by GingisK
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To: Steve1999

I’m sorry, but this is Trump’s fault for picking this guy:

“Powell spent most of his career at the Bush-family-linked private equity Carlyle Group, amassing millions of dollars.”

https://www.businessinsider.com/trump-fed-candidates-final-5-2017-10#jerome-powell-1

(Yeah, one could say at least he didn’t pick from Cohn, but Cohn should never have been considered or in Trump’s admin—and only was because of the vile influence of Javanka.)


15 posted on 03/11/2019 8:11:45 AM PDT by 9YearLurker
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To: Steve1999

The Fed has the ability to crush the economy at will, we saw that at the end of last year. Yet they are unaccountable as Powell himself insists. If they decided to line their own pockets (they being the private banks that they represent) at the expense of the country, there is nothing we can do but watch and possibly storm the bastille.


16 posted on 03/11/2019 8:14:55 AM PDT by pepsi_junkie (Often wrong, but never in doubt!)
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To: Steve1999
Bloomberg reported that the president had discussed firing Powell.

Bloomberg reported....but did he really?
Did the President volunteer that subject or perhaps he just answered a question from Bloomberg?
Seriously believe this is another case of media just trying to MAKE a story.

17 posted on 03/11/2019 8:15:41 AM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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To: Steve1999

That right!

And, he can’t name the replacement for the head of the Consumer Protect Bureau!

Wait...wut?


18 posted on 03/11/2019 8:17:59 AM PDT by Cletus.D.Yokel (Catastrophic, Anthropogenic Climate Alterations: The acronym explains the science.)
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To: DesertRhino

He can be impeached, convicted and removed.


19 posted on 03/11/2019 8:19:22 AM PDT by arrogantsob (See "Chaos and Mayhem" at Amazon.com)
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To: litehaus

The Fed was created by an act of congress (legislative branch)
The FED operates under the auspices of the Executive Branch who is tasked with “executing” the law.

In executing that law...did congress or the president appoint the first Fed Chairman and Board?


20 posted on 03/11/2019 8:21:49 AM PDT by Cletus.D.Yokel (Catastrophic, Anthropogenic Climate Alterations: The acronym explains the science.)
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