Posted on 07/15/2025 8:58:55 PM PDT by yesthatjallen
US Fed chair Jerome Powell is reportedly getting fired, Florida Congresswoman Anna Paulina Luna said on X (formerly Twitter).
“Hearing Jerome Powell is getting fired! From a very serious source,” she said, adding, “I’m 99% sure firing is imminent.”
The Trump-Powell tiff
This comes amid Trump's repeated displeasure with Powell, which stems from the POTUS repeatedly urging the Fed to cut its key rate, which he says would save U.S. taxpayers billions of dollars on interest costs on the federal government’s massive debt, and boost the economy.
The fight has threatened the Fed's traditional independence from politics, though, since the Supreme Court signalled the president can't fire the chair, financial markets haven't responded to Trump's criticism.
Powell also said that without tariffs, the Fed would probably be cutting its key rate right now. The central bank went “on hold” after it saw how large Trump's proposed tariffs were, Powell said, and economists began forecasting higher inflation.
Meanwhile, Powell did not rule out a rate cut at the Fed's next policy meeting on July 29-30.
“I wouldn't take any meeting off the table or put it directly on the table,” Powell said. Most economists, however, expect the Fed won't reduce rates until September at the earliest.
Trump, doubling down on the attack, targeted Powell and the entire Fed governing board, which participates in interest-rate decisions.
“The board just sits there and watches, so they are equally to blame,” Trump said.
SNIP
(Excerpt) Read more at hindustantimes.com ...
Are we distracted from the Epstein Files yet?
Not really.
FED rates are tied to inflation rate. Artificially lowering rates below inflation creates more inflation 😂
Knock it off. This would be increadable. We would have control of the Fed.
We are initiated with trolls here, calling us cultists.
Works for me
Biden didn't want the country to recover after COVID and let the protestors keep the big Democratic cities from recovering.
Why, well, the Democrats are Woke right now. And when they are in power that is the result you get. Deconstruction of American Organizations, Deconstruction of American Businesses and the Deconstructions of the American Family.
It is the one thing he was consistent on through his actions.
Epstein is soon to be an unperson in the Orwellian sense. He never existed.
99% reportedly ...
This is stupid, as is Luna. A real ditz. Powell has less than a year in his final term. Leave it alone.
And me.
“Are we distracted from the Epstein Files yet?”
not yet ... but i wrote a little song about epstein and autopen, sung to the tune of “Rock Island” from the “Music Man” movie ...
1st chorus: autopen, autopen, autopen.
2nd chorus: epstein, epstein, epstein.
1st chorus (again): autopen, autopen, autopen.
2nd chorus (again): epstein, epstein, epstein.
[and so forth]
Why is she the one talking about this?
Also, I thought we had been told Trump could not fire Powell, that’s something Congress would need to do.
The President can’t fire the Fed chair....
Yup, been troll night…..and many trolls about the last week ir so.
Some people must be getting awful jittery LOL!
Where is Jimmy Hoffa?!
I thought there were rules…
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.