I believe this will be a good move for the U.S. economy. By keeping interest rates higher than maybe they should be, he is costing the United States extra $$$ on the staggering debt service payments. I wonder if it has anything to do with this recent admission:
Are there actual reports that he's considering stepping down? I haven't seen anything other than the same messages you posted which feel more like a public pressure campaign.
So the echo chamber is alive and well. Powell might resign in the next hour for all I know, but there isn’t a single credible report of it happening other than ones quoting a tweet about reports of it happening.
Please submit your credentials for the board to consider against not only Powell’s resume, but the entire 12 members of the FOMC that unanimously voted to keep interest rates as they are.
Trump may already be succeeding. June estimates for inflation is set at 2.6%. A .23% rise. If this turns out to be true, don't expect the FED to cut rates in July.
Powell has not been a good Fed chair. Either that or the collective of other governors are very poor. He’s too slow and waits until the situation is getting away before acting
Powell navigated us through the Covid supply issue inflation better than ANY developed country in the world, he guided us to the "soft-landing that most thought impossible. So Please tell us how "He’s too slow and waits until the situation is getting away before acting"
Hilarious how people parrot what Donald Trump says for no other reason than ..... it is what their very most favorite reality TV host/criminal says. Donald Trump knows as much about interest rate policy as i do about building a nuclear fusion reactor: "Herr de derr de derr, rates are like, always too high if I'm president, derr !"
For some reason they never blame the person that said they only hire the best people. If you hire a manager that keep hiring bad employees at what point do you blame the manager?
Maybe he and his family have had enough death threats from the maga mob. Dear Leader can appoint an ass kisser to the post who will do his bidding
Of all the incompetent and unqualified people Trump can stick in important positions, sticking a lackey as the Fed chair could be the most damaging to this country.
Inflation is above target, deficits are increasing, even more with OBBBA, tariffs are putting upward pressure on prices, the economy and jobs are still holding on, and you want the fed to ease? I’m 100% certain that if the exact same set of circumstances were true but Biden or Harris were president you would not be calling for rate cuts.
It seems pretty clear to me that Trump will keep pushing with progressively bad hires and policies until something breaks - badly. The more he does, and the system holds on, the more ridiculous stuff he will think he can do. As we’ve seen once the inflation genie is out of the bottle it is hard to get back in. He keeps throwing gas on the floor, but the matches keep burning out before they hit - so he throws even more gas on the floor.
Yay! EZ money libbie/ big gov puppet shilling for commie Donnie. Pentagon to become rare earth mining company's largest stockholder
What's hilarious is that the first news release is just the statement by the head of FNMA and FHLMC ........ who also happens to be the descendant of the founder, and current largest shareholder in, the Pulte homebuilding group. Do ya think that they'd like lower interest rates? The conflict of interest is astounding. This is just a(nother) billionaire appointed by Trump, who is, like Trump, trying to manipulate the federal government for his own personal gain. This news release is about as relevant as if the Proud Boys publicly called for J6 pardons. Oh, wait ....
I heard a strong argument today by a guest on Charles Payne's show that drew parallel between where we are in 2025 with where we were when Alan Greenspan lowered interest rates when the stock market was at a record high and unleased a five year bull market. He thinks Powell has the opportunity to be the 21st century Jerome Powell. But it appears Jerome Powell's refusal to lower interest rates now is as partisan as his decision to lower interest rates in the run-up to Pres. Biden's re-election campaign
