Posted on 11/07/2024 2:02:21 PM PST by ChicagoConservative27
When I saw the title I was asking, “Gawl, is Colon Bowel still slunking around Washington?”
Powell might be on thinner legal ground than he may believe...
What? Jerome Powell was Trump’s guy, he nominated him.
“This condition is intended to preserve the Federal Reserve’s independence from political pressure.”
**************
In theory, but in Washington everything is political. Its pervasive and no agency is immune from it.
Powell’s decision to cut rates by 50bp so close to an election tainted the Fed. Having done that, he then had to cut 25bp today to make the highly dubious “emergency cut” appear to not be influenced by politics.
Trump may not be able to fire Powell but he can make life difficult for him and his banking cronies if he wants to.
Yep.
I wonder if hes really begging to be fired.
move him to the basement with his stapler
And Andrew Jackson was the Dem’s founder.
A no-knock raid at 4:00 AM with battering rams and flashbang grenades will take care of that problem.
There is no mountain that anyone can’t be knocked off of. Good luck with that A-hole.
Want to bet the president can’t simply destroy the Fed via an executive order? Want to bet he can’t simply order the doors padlocked while a forensic audit takes place? This knucklehead has no idea how much change is coming.
The Federal Reserve is not authorized in the Constitution.
It didn’t exist until December 23, 1913, with the enactment of the Federal Reserve Act. The Constitution doesn’t give the Congress the power to create a central bank. Therefore, the Federal Reserve is unconstitutional and should not exist.
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