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atzanteol@sh.itjust.works to News@lemmy.worldEnglish · 4 days ago

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

www.cnbc.com

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

www.cnbc.com

atzanteol@sh.itjust.works to News@lemmy.worldEnglish · 4 days ago
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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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  • teawrecks@sopuli.xyz
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    4 days ago

    The title of this article is literally the opposite of OP’s title.

  • ProfThadBach@lemmy.world
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    4 days ago

    Here are all of the Epstein Files that have either been leaked or released.

    https://joshwho.net/EpsteinList/gov.uscourts.nysd.447706.1320.0-combined.pdf (verified court documents)

    https://joshwho.net/EpsteinList/black-book-unredacted.pdf (verified pre-Bondi) Trump is on page 85, or pdf pg. 80

    Trump’s name is circled. The circled individuals are the ones involved in the trafficking ring according to the person who originally released the book. These people would be “The List“. Here is the story:

    https://www.youtube.com/watch?v=hsiKUXrlcac

    Here’s the flight logs: https://www.documentcloud.org/documents/21165424-epstein-flight-logs-released-in-usa-vs-maxwell/

    —————————other Epstein Information

    https://cdn.factcheck.org/UploadedFiles/Johnson_TrumpEpstein_Calif_Lawsuit.pdf here’s a court doc of Epstein and Trump raping a 13 yr old together.

    Some people think this claim is a hoax. Here is Katie’s testimony on youtube: https://www.youtube.com/watch?v=gnib-OORRRo

    —————————other Trump information:

    Here’s trump admitting to peeping on 14-15 year old girls at around 1:40 on the Howard Stern Radio Show: https://youtu.be/iFaQL_kv_QY

    Trump’s promise to his daughter: https://www.huffpost.com/entry/donald-trump-ivanka-trump-dating-promise_n_57ee98cbe4b024a52d2ead02 “I have a deal with her. She’s 17 and doing great ― Ivanka. She made me promise, swear to her that I would never date a girl younger than her,” Trump said. “So as she grows older, the field is getting very limited.”

    Trump’s modeling agency was allegedly part of Jeffreys pipeline: https://www.motherjones.com/politics/2016/08/donald-trump-model-management-illegal-immigration/

  • Vanilla_PuddinFudge@infosec.pub
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    4 days ago

    threaten to do it

    pull back

    threaten to do it

    pull back

    Holy manipulations of markets, Batman!

  • abcdqfr@lemmy.world
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    4 days ago

    Y’all put so many butthole themed posts in my feed it’s even showing up where it’s not, look at that puckered orifice

    • Optional@lemmy.world
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      4 days ago

      You can read the future in it!

      The future is . . . . bad

  • TwinTitans@lemmy.world
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    4 days ago

    Where’s the names Donald?

  • ceenote@lemmy.world
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    4 days ago

    Gotta distract from the Epstein thing, which distracts from the budget bill.

    • Optional@lemmy.world
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      4 days ago

      A bill which is a done deal, btw

  • GingaNinga@lemmy.world
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    4 days ago

    fed is independent…

    • Tower@lemmy.zip
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      4 days ago

      That’s exactly what he’s testing. With SCOTUS continuing to slowly expand the limits of presidential power (even if they haven’t fully accepted the Unified Executive theory), they keep pushing against the guardrails, seeing how much they can get away with.

      Humphrey’s Executor was lined up for execution in May with the ruling to stay the lower courts decision to preventing the heads of the NLRB and MSPB from being fired, and I believe they’ll attempt to execute it by firing Powell. Sure, SCOTUS said that they were only ruling in regards to the cases in front of them, but it’s hard not to read how SCOTUS has been ruling as anything other than support for the administration’s plans.

    • gatohaus@eviltoast.org
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      4 days ago

      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.

      • FRYD@sh.itjust.works
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        4 days ago

        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.

      • iAmTheTot@sh.itjust.works
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        4 days ago

        Who is going to stop him?

      • joekar1990@lemmy.world
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        4 days ago

        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.

        • atzanteol@sh.itjust.worksOP
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          4 days ago

          It’s distractions all the way down.

          • Optional@lemmy.world
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            4 days ago

            Don’t forget incompetence.

            Seriously. These fuckers are ridiculously bad at everything they do.

  • prole@lemmy.blahaj.zone
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    4 days ago

    This could be really bad.

  • salty_chief@lemmy.world
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    4 days ago

    Why does the article title conflict your statement? He also just confirmed he isn’t looking to fire him during Bahrain meeting.

    “Trump denies that he plans to fire Powell: ‘Highly unlikely’”

    • atzanteol@sh.itjust.worksOP
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      4 days ago

      Why does the article title conflict your statement?

      Because CNBC changed it.

    • lerky@lemmy.blahaj.zone
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      4 days ago

      CNBC changed the title and article contents. Version prior to the change: https://web.archive.org/web/20250716153251/https://www.cnbc.com/2025/07/16/trump-powell-fed-fire.html

      Though if you read through either version it’s a chaotic bag of both denying and confirming. Ultimately seems like he told a room of Republicans he would, then denied he would after? So who knows.

      • Carmakazi@lemmy.world
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        4 days ago

        My read is that he is absolutely going to fire him at some point in the near future, but he wants to to be a shock so he can financially position himself for maximum gain before and after.

        • lerky@lemmy.blahaj.zone
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          4 days ago

          Agreed. The chaos is just for kicks and PR so the pundits and politicians can claim with a straight face that he said he wouldn’t. No doubt on my end that he ultimately intends to do it.

    • bookmeat@lemmynsfw.com
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      4 days ago

      Is Trump moving his lips?

      • salty_chief@lemmy.world
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        4 days ago

        🤣 yeah, he is speaking with Bahrain now. Someone asked the Powell question. I mean Trump may still fire him. You really never know.

  • dhork@lemmy.world
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    4 days ago

    Good night, Westley Jerome. Good work. Sleep well. I’ll most likely kill you in the morning.

  • frozenicecube@lemmy.ca
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    4 days ago

    Incoming tanking of the USD when (if?) it happens… Wild ride man…

  • atzanteol@sh.itjust.worksOP
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    4 days ago

    One of the things that had kept America’s economy stable and which invited foreign investment in the dollar had been the independent fed.

    Was nice while it lasted. We’re in the long slide down now.

    • valek879@sh.itjust.works
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      4 days ago

      Things have felt stable but I just looked at USD vs EUR last night and were back down to pandemic dollar strength. The fall is precipitous.

    • redsand@lemmy.dbzer0.com
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      4 days ago

      Deutsche bank don’t think it’ll be long. They seem to be implying very hard and fast drop

    • UnderpantsWeevil@lemmy.world
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      One of the things that had kept America’s economy stable and which invited foreign investment in the dollar had been the independent fed.

      The Fed isn’t independent. Volcker and Greenspan should have disabused us of this notion 50 years ago. The central bank exists to benefit Capital and grow domestic profit.

      What we have is a split within the bourgeois on what policy should be. Trump’s backers wants credit expansion at the expense of inflation after half a century of presidents demanding the opposite.

      • Optional@lemmy.world
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        The central bank exists to benefit Capital and grow domestic profit.

        That’s not a contradiction to them being independent.

        What we have is a split within the bourgeois on what policy should be.

        Aw man, not the bourgeois!

        • 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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            Independent of the U.S. Government is the qualification here.

            No one’s suggesting they’re independent of giant banks, GRU kompromat, or gravity.

      • atzanteol@sh.itjust.worksOP
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        4 days ago

        The Fed isn’t independent. … The central bank exists to benefit Capital and grow domestic profit.

        Huh. .world and not .ml?

        “Independent” doesn’t mean “caters to the lemmy commies”.

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