Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term expires next month.
Powell’s tenure as chair expires on May 15. Trump’s pick for a replacement, Kevin Warsh, has yet to be confirmed by the Senate and the full chamber. That leaves the potential for Powell to remain in place as chair “pro tempore,” per Fed regulations.
Powell confirmed at a press briefing in March that if Warsh isn’t confirmed by the Senate by May 15, Powell would remain as Fed chair “pro tem” in the interim. “That’s what the law calls for. That’s what we’ve done on several occasions,” Powell said at the time.
The problem is 10 yr Treasury bonds are very close to the dealty spiral rate because of our debt. So we are choosing hyper inflation vs bankruptcy.
The only way out is this is to pay back the debt 10 years ago
the real way out was to not have reagan erra voodoo economics become the way to go.
TBF to Reagan 🤮 it was the Nixon Shock that established the debt-based economy we have today.
Yeah its not like we did not have debt but reagan normailzed it as being fine.
That and Clinton’s nfta. That really killed American manufacturing.
yeah but in regards to debt his party use to be universally against it and he “proved” deficits don’t matter and they switched to against it only if its not us doing it.
Nazi
Edit: downvoters, just check this idiot’s profile.
You might have room temp IQ, and that is ok. Very reactive monkey brain.
You’re cool with this and him pouring billions into installing fascists around the world but sure man that makes me a moron.
Zero people buy what you’re selling here. You’ll be banned within hours. Enjoy that, magat nazi.
I buy it – at what point did he imply he’s MAGA? What he said is a statement on the reality of the nation’s finances. Can you please be a little more civil?
Let me know if you’re cool with this ^
More fascism throughout his comment history too.
Hell yeah
I guess you just told me you’re also a Nazi sympathizer too since you asked me to be civil to a Nazi who just directly called me intellectually disabled as an insult.
Okay, okay, Jesus Christ, he’s not a good person and you have receipts. I concede.
Glad to see you can acknowledge. So I was probably wrong with the Nazi comment against you and I apologize for that.
Ty! 😊
I never said i was ok with it, and I’m not selling anything.
WHatS hE dOnE WrOnG? noThiNg!!!1