Economy Jerome Powell is the most underappreciated person ever

[cottagecheesefan]

Apparently Trump’s team is trying to find some means or loophole to fire him. Bannon was rambling today about how, just like the talk of running Trump for a third term, is legit and the team is reviewing.

I dunno, the thing about the third term seems pretty concrete as a “no”, but I would be interested to see what they come up with.

As an aside, I like the Twitter account “not Jerome Powell”.

Some funny posts from the account

Spoiler

 

[HOLA]

Trump's favorite economic indicator during his first term was the stock market and now it's in the shitter. Some aide probably told Trump lowering interest rates boosts stocks, and that's all Trump cares about. The nuances involved are irrelevant. Trump just wants interest rates lowered. If JPOW doesn't acquiesce Trump will try to turn him into the new Fauci.

 

[Kingz]

It’s not really pissing off both sides.

The left opposed him when he was first appointed by reflex, but he’s more or less been a friend to them.

Also, a report and a O’Keefe sting of one of his flunkies came out last year or 2023 that Powell viewed himself as a bulwark against Trump.

As soon as Trump was elected he went on to beat his chest that he couldn’t be fired, even though Trump hadn’t floated doing so. That signaled he planned to work against the admin to where his shitcanning would become a hot topic

 

[Mr Holmes]

Seems like a level headed guy that won't be intimidated.

 

[TeTe]

Markets not liking Trump threatening to fire Powell

Even though Trump can't fire Powell.

 

[SSgt Dickweed]

Hassett Odds-On Favorite as Trump’s Next Fed Chief. The Stock Market Might Be on Board With That

Hassett Favored as Trump’s Next Federal Reserve Chief? Stock Market Might Be OK With That.

Trump replies, “I’m not telling you,” when asked if Hassett was his choice for Fed chairman.

www.barrons.com

President Donald Trump has decided on his pick to replace Jerome Powell as Chairman of the Federal Reserve, with prediction websites pegging White House National Economic Council Director Kevin Hassett as the likely successor.

Trump told reporters on Air Force One on Sunday that “I know who I am going to pick,” but answered “I’m not telling you, we’ll be announcing it” when asked if he had opted to go with Hassett.

Hassett himself declined to speculate on his chances to succeed Powell when his term expires in May, telling CBS’s Face the Nation that “the American people could expect President Donald Trump to pick somebody who’s going to help them have cheaper car loans and easier access to mortgages at a lower rate.”

Hassett also touted market reaction to what he called a “rumor” of his place at the top of the president’s list, citing last week’s auction of $69 billion in new 2-year notes, which drew solid investor demand, and lower Treasury bond yields.

 

[cincymma79]

I remember a couple years ago Democrats, especially Elizabeth Warren, very heavily criticizing J. Powell for raising interest rates.

And now we have Trump calling him names and trying to fire him because he won't lower interest rates.

The poor guy gets shit on from both sides, but if you look at his track record he's been very good fed chairman. He deserves some recognition.

story bro cool

 

[Scerpi]

If both sides hate you then you're probably doing something right.

Agreed... need more guys like that in the alphabet agencies.

I wouldn't be worried at all if DC Democrats and Republicans are both crying