The comments came after the Supreme Court indicated that President Donald Trump does not have the authority to arbitrarily fire Fed Chair Jerome Powell.
Yeah, I don’t get the “trumpf will fire Powell” thing. He has no authority over the Fed, right?
Yes, I get he can apply pressure indirectly, but that’s not the same as having the power to fire anyone at the Fed. So this sounds like the media trying to grant trump the appearance of more authority than he has, which is a bad thing.
I’m hopeful Powell will stick out his term and continue to do make the best decisions he can.
The Supreme Court ruled a little while back that the president can fire pretty much any employee of any federal agency for any reason with the fed chair being the sole exception. They ruled Powell can only be fired “with cause” which is why Trump made a stink about a new fed building a week ago, calling it “misappropriation of funds”. It was just the pretext to fire him.
Yeah, I don’t get the “trumpf will fire Powell” thing. He has no authority over the Fed, right?
Yes, I get he can apply pressure indirectly, but that’s not the same as having the power to fire anyone at the Fed. So this sounds like the media trying to grant trump the appearance of more authority than he has, which is a bad thing.
I’m hopeful Powell will stick out his term and continue to do make the best decisions he can.
The Supreme Court ruled a little while back that the president can fire pretty much any employee of any federal agency for any reason with the fed chair being the sole exception. They ruled Powell can only be fired “with cause” which is why Trump made a stink about a new fed building a week ago, calling it “misappropriation of funds”. It was just the pretext to fire him.
Who is going to stop him?
Oh totally agree it’s a way to steer the media. It’s all distraction like WWE to stop people talking about Epstein.
Hell he’s been talking about firing Powell even in his first term for raising rates too quickly.
It’s distractions all the way down.
Don’t forget incompetence.
Seriously. These fuckers are ridiculously bad at everything they do.