Removing the Fed Chair would cause investors to be very cautious in the US and would likely park their money elsewhere. The US has been a stable economy and a magnet for capital because of the bedrock stability of the gov’t. Trump = financial instability. This move will accelerate a slowdown or recession because of a loss of confidence.
Meanwhile, Trump is threatening the market higher…
I just hope we get to a day where he’s “brainstorming” ways to get rid of Kavanaugh. And Gorsuch and Roberts.
Btw: I thing messing with the Fed is super-important to Trump. He wants someone who will manipulate interest rates to help him win in 2020.
I expect he won’t let this one go.
Perhaps they just used the term criterium in the wrong section of the article. After all, in a criterium, they race on a fixed circuit, essentially ending up in the same place they started, team maneuvering is a significant element, the team can block out people trying to break away and move forward, and there are occasional massive wrecks when they try to take a corner too fast. Sounds like GOP governance to me.
Trump: Is there a way I can name an ACTING Federal Reserve Chairman?
The stupid, it burns.
If the Dotard were able to fire Powell, one of the main “economic” claims he tries to bray about - The Stock Market - would slide downward. The Market would not like this at all; introducing more chaos into the Market is going to be a winner.
Go for it donnie, set up the recession to coincide with your reelection.
‘That’s President Camel-Dung to you’. DJT
His current hypothesized strategy is to demote Powell down to board governor, though some in the Counsel’s office see the move as legally murky. From there, the Federal Reserve Act only allows the President to remove a Fed governor with “cause,” usually covering things like legal misconduct. Trump’s disapproval of Powell’s monetary policy seems unlikely to meet that criterium.
He tries to politicize everything. I’m glad that on some things he has received pushback. Will be interesting if the Fed has the balls to remain “independent”. I’m not sure that the rumored pullback on interest increases is a bow-down or smart fiscal move. Time will tell I suppose.
Look out Dotard, Nancy might outsource another fight to the courts. God forbid she actually try to fight back and sway public opinion. That’s so republican. The donor class will only accept that behavior in one direction.
many people are saying Trump is a maniac and crazy. when he has destroyed the United States will many people do something about him. or those that are left since the latest looks like we might be lobbing missiles at Iran pretty soon
trump’s enemy addiction is getting worse. His appetite for enemies is insatiable.
The OLC that wrote a 33 page opinion finding that “shall furnish such committee with any return or return information specified in such request” was qualified by “unless Trump doesn’t want to” would not have any problem with “legally murky.”
When Trump hires someone completely unqualified he keeps that person around as long a possible and, when he or she finally quits, he always gives praise and a nice farewell. But when he hires someone who is actually qualified, he can’t wait to fire them.
In other words, the only time he hires “the best” or someone competent is when he makes a mistake.
Excellent parody of lunatic chaos-agents in the Hive–well done!
And again! You’re on fire!
Is that like “jumbo shrimp”? Or “right-wing intellectual”? Or " 'onest Oval Office Occupant"?
He was upset that go2goal hadn’t been in yet with his drivel, so decided to take up the slack.
George, is that you?
Co-sign (although I’d get rid of Former-Sockpuppet Thomas and Alito before Roberts).
I would be OK with Traitor Turdle and Shill Barr added to that list. And DeVos. And Dick Dulvaney. And Stephen Miller (“with extreme prejudice,” IYKWIMAITYD). And a legion of others, frankly.