Jerome Powell Is Reportedly Considering Resigning As Fed Chair

“Appears”

Another know-nothing operating on feels disparaging the work of someone (including the entire FOMC) that dedicates their time to keeping our economy stable.

 

President Trump should have him arrested if he won’t go voluntarily.

 

Hmm, where did I say I want the Fed to ease. I said he’s too slow to react. Inflation is above target but there are also signs of slowdown. His past history indicates that he will wait too long to start to ease. Many may feel that time is now. I’m not quite convinced of that. Easing might sell a few more cars and homes, but I want inflation down to target first. If someone isn’t buying a car or home because the interest rate is 1/2 point too high, they probably shouldn’t be buying something that expensive

 

Auto loans and home mortgages are driven by the 10 year bond market. It’s why mortgage rates spiked this spring when Trump started his tariff insanity despite the Fed not changing rates.

 

The Fed would have already started lowering rates if not for the tariff game Trump is playing. Yet Trump wants to blame Powell for a situation he caused. Every Fed member thinks it’s prudent to wait and see how the economy reacts to his erratic tariff policy before adjusting rates accordingly.

 

Very clear now. He should have reacted by more quickly ...... not lowering rates.

 

A more appropriate analogy would be Arthur Burns decision to lower interest rates at the request of Richard Nixon in 1972. Nixon got the economy that he wanted in 1972 and was reelected in a landslide. The country ended up with almost a decade of a stagflation with double digit inflation in late 1973 and 1974 followed by the most severe recession in 1974-75 since the Great Depression.

 

The next Federal Reserve Chairman will be: KEVIN WARSH

 

And if you make the font size even larger it's guaranteed to happen!

 

I think I was pretty clear about what I meant Jo. Go start your bullshit somewhere else.