I strongly disagree on him getting rid of Powell. But I do think that Wray should go.
Everything that Powell has ever done has been telegraphed ahead of time. And what he has done has all been based on his opinions on what he thinks would be best for the economy. I am not saying that he was correct. But I am saying that he has been above board.
The Bond Market, which could become Trump’s #1 unbeatable and souless enemy, may not handle the firing of Powell very well. We must not forget that the 36.1 trillion debt has now made them the master of America as our freedom has been abolished through over 3.6 quadrillion baby steps one penny at a time.
Instead of firing Powell he should just tell the American people the truth on what Congress has done in the past and use this as a reason for why the fiscal ship must be saved through abolishing many federal agencies and cutting back on federal workforce sizes.
Firing Powell will unsettle the markets. And I think the law may be on Powell’s side for this anyway.
Fire Powell for incompetence.
“Firing Powell will unsettle the markets.”
A priority of greed over principle then?
THAT is what got us into this whole mess... That is what keeps us in this mess.
I concur. Powell is hardly the problem for our collective debt.