He floated that notion in his first term and the markets dropped like a rock. Trump’s gross incompetence will inevitably lead to the implosion of the USA's economy. 
Donald Trump wants Federal Reserve Chairman Jerome Powell Out
- Thread starter Samori Toure
- Start date
beenz
Rap Guerilla
Of course he does. He wants Powell to drop interest rates after he (trump) singlehandedly tanked the economy, and Jerome is like 
Luckily the federal reserve isn't part of the government and trump isn't his boss.
Luckily the federal reserve isn't part of the government and trump isn't his boss.
Brolic
High Value Poster
Yea, but he’s been trying to get the Supreme Court to give him the power to fire him.Of course he does. He wants Powell to drop interest rates after he (trump) singlehandedly tanked the economy, and Jerome is like
Luckily the federal reserve isn't part of the government and trump isn't his boss.
Tribal Outkast
Veteran
Gone and add Trump’s name to this
Saysumthinfunnymike
VOTE!!!
It's murky. I've seen that Fed board members can be fired "for cause" but it looks to me like it'd be a court case for sure. Powell has stated he will not step down
DonFrancisco
Your Favorite Tio!
Eroding the independence the Central Bank usually is a disaster. This has led to economic uncertainty and hyper inflation in Turkey
apnews.com
Erdogan's new central bank chief signals hope for Turkey's economic turnaround
Turkey's president has appointed a former U.S.-based bank executive to head the central bank. The appointment Friday is sending the strongest signal yet that Recep Tayyip Erdogan might pivot from his unusual economic policies that many blame for a worsening cost-of-living crisis. The 41-year-old...
apnews.com
Vandelay
Life is absurd. Lean into it.
Eroding the independence the Central Bank usually is a disaster. This has led to economic uncertainty and hyper inflation in Turkey
Erdogan's new central bank chief signals hope for Turkey's economic turnaround
Turkey's president has appointed a former U.S.-based bank executive to head the central bank. The appointment Friday is sending the strongest signal yet that Recep Tayyip Erdogan might pivot from his unusual economic policies that many blame for a worsening cost-of-living crisis. The 41-year-old...
Trump is so stupid on economics it's not even funny. He wants to print money when supply is contracting.
It makes you think he's doing this for an alternative reason. Which I'm beginning to conclude is true.
Control and expansion.
He has to stay there for the next 4 years
Trump want him out so he can really have this country broke
Trump want him out so he can really have this country broke
Kyle C. Barker
Migos VERZUZ Mahalia Jackson
The sad part is that Powell's term ends in May 2026. Who knows what type of fukkery we'll be in by then
His term as Fed Chief ends in 2026, but he will remain as a governor until 2028.
Vandelay
Life is absurd. Lean into it.
The only thing that makes sense is it's about control. He wants to devalue the currency so were more competitive in manufacturing, but that manufacturing will be automated, so no net benefit for ordinary citizens. He needs raw materials for the oligarchy that will control this manufacturing, hence Greenland. To do this, he needs to devalue the dollar so manufacturing is affordable enough here that our exports rise.
Plan is, have other countries purchase 100 year bonds instead of the 10 or 30 years, because the yields (interest rates are declining on those) 100 years, you have a longer time horizon to make money. Funny thing is, with a devalued currency even 100 year treasuries won't make money because the currency is devalued. Manufacturing is not as economically productive as the financial and services industries. It's stupid to want to come back in masse with the exception of critical and strategic items. Manufacturing will come here, but it's not to benefit Americans, only the oligarchs.
This won't generate more wealth, but it will generate more power because everyone is reliant on the US oligarchy.
Problem is, this is such a stab in the back to the international community, and they're not even guaranteed that their wealth will appreciate. Which is also why the Trump admin has a vested interest in far right governments in Europe and beyond. You empower a few folks to keep the millions in line.
His literal only saving grace in this plan is, no other currency can take over the dollar. The one that makes the most sense is the Euro, but Europe isn't a manufacturing powerhouse, NATO/EU militarily isn't as supreme as the US by themselves, and to be honest, they might be more fractured the US is present state.
The scary thing for me is, this oligarch class doesn't want to pay UBI. What do you do with shiftless populations of millions of people. Also, if the rest of the world doesn't go along with it, he's going to occupy countries that have resources we need and he's going to dare the world to stop him.
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