atzanteol@sh.itjust.works to

News@lemmy.worldEnglish · 4 days ago

Trump 'likely' will fire Fed Chair Powell 'soon,' White House official says

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Trump 'likely' will fire Fed Chair Powell 'soon,' White House official says

atzanteol@sh.itjust.works to

News@lemmy.worldEnglish · 4 days ago

The comments came after the Supreme Court indicated that President Donald Trump does not have the authority to arbitrarily fire Fed Chair Jerome Powell.

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UnderpantsWeevil@lemmy.world
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4 days ago

That’s not a contradiction to them being independent.

If they’re beholden to private banking interests, they’re explicitly not independent.
- Optional@lemmy.world
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  4 days ago
  Independent of the U.S. Government is the qualification here.
  
  No one’s suggesting they’re independent of giant banks, GRU kompromat, or gravity.

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