Agreed Trump is a big talker as Hillary is still very free and running around ..
Powell is not independent, not after he helped the brain dead President Biden, and Trump know it.
Most unfortunate ....
Our country was founded on the basis of Government by Consent.
The Fed has to be accountable to someone who is elected.
The Fed cannot be allowed to sabotage elected leadership.
Need to whack it for good and permanently get rid of it completely.
Central Banks are a problem not a solution.
His entire premise is stupid. The Fed is obviously NOT independent. If it was they wouldn’t have lowered rates to try to help Biden. The Fed has a history, just like the courts, of being partisan. Trump should clean house. Maybe the next guy will do his job or maybe end the Fed.
Trump can appoint acting Fed Reserve Chairman after Powell is out in 26. He gets to pick among current board members. I would do that because Senate Dims voting on confirmation will want someone that tanks the economy. The nomination for the 5 year term can come later after the acting Chairman does what Trump needs to get done.
The acting chairman can serve 210 days although this could be extended. This gives Trump a lot more control over economy.
BTTT
There is no such thing as an "independent" high government official.
And even if he was independent, that would mean that he answers to nobody, rather than a duly elected Chief Executive.
And beyond all that, where in the Constitution does such a government official fit??
This is why we have the Deep State and the destruction of our country.
Besides all that what a great idea. /