the Federal Reserve Treasurer is going to be fired after Trump admitted he's never liked him. Powell has stated that he won't be dictated to by politics when deciding on an interest change, Trump having burnt the economy is looking to put the blame on Powell for not dropping interest rates.
Typical Trump chaos....it's always someone else who's at fault.
PUBLISHED TUE, NOV 27 20185:34 PM ESTUPDATED WED, NOV 28 20181:45 PM EST
President Donald Trump told The Washington Post on Tuesday that he’s “not even a little bit happy” with his appointment of Jerome Powell as chair of the Federal Reserve.
Trump told the Post, “So far, I’m not even a little bit happy with my selection of Jay,” who he appointed earlier this year. The president told the newspaper that he thinks the U.S. central bank is “way off-base with what they’re doing.”
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Typical Hysteria hair on fire posting. But anybody who follows the markets know this is not new. The two men despise each other going back at least 7 years.
And in this recent spat Powell is not blameless. He has subtly and unnecessarily shifted his tone to being more hawkish (look up the term). He knows Trump would like some relief on marker turmoil while he negotiates on tariffs…it would strengthen his hand. Spitefully Powell is doing the opposite.
Under the circumstances, whether he agrees with Tariffs or not, he shouldn’t be hurting the US position. The Chairman of the Fed deals in subtle communication, Powell knows exactly what he’s doing and that it infuriates Trump.
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There I’ve schooled you again Hysteria, no need to thank me. But do be selective when you post material above your pay grade.
If inflation looks like it is going to increase, the monetary bank will increase interest rates. It is standard practice. The monetary bank is the closest thing to a long-term strategy an economy has, given the turnover of politicians. They cant be fired in a "Democratic" government by a political leader. Their role is intentionally to be indepedent, except in places like Russia. Politicians cant be allowed to try force the monetary bank into policy to serve short-term interests.
To reduce interest rates to strenghten Trump's hand would also make him complicit in Trump's fraudulent tariff "negotiations".
The situation is not s easy and as a h teful Deny and SB think of Trump. This si he guy who has caqused major inflation under th e Biden re gime and he is not reall y a op finmicier if hsi acgtions caused that.
What is faudulen in nefgotiating trade agrements BS-SB?
Guys, Denise is indifferent to Trump.
Didn't you know?
He’s a fair person and knows his economics.
Josh Wingrove and Hadriana Lowenkron
Apr 19, 2025 – 7.29am
Donald Trump is studying whether he’s able to fire Federal Reserve chairman Jerome Powell, his top economist said Friday, a day after the president publicly criticised the head of the central bank for not moving fast enough to slash interest rates.
“The president and his team will continue to study that,” National Economic Council Director Kevin Hassett said Friday (Saturday AEST) when asked by a reporter if removing Powell was an option.
Hassett went on to suggest that the Fed under Powell, who was appointed by Trump during his first term, had acted politically to benefit Democrats.
“The policy of this Federal Reserve was to raise rates the minute President Trump was elected last time, to say that the supply-side tax cuts that were going to be inflationary,” Hassett said.
Fed officials opted not to go “on TV and at IMF meetings and warn about the terrible inflation from the obvious runaway spending from Joe Biden, and the obvious runaway spending from Joe Biden was textbook inflationary,” Hassett continued. “And then they cut rates right ahead of the election.”
On Thursday, Trump repeatedly aired his criticism of Powell — and suggested he had the ability to remove the Fed chair — while sidestepping questions on whether it was a path he would pursue.
“I’m not happy with him. I let him know it. And oh, if I want him out, he’ll be out of there real fast, believe me,” Trump told reporters during a meeting with Italian Prime Minister Giorgia Meloni.
The president reiterated his call for Powell to lower interest rates, downplaying concerns about inflation, during an Oval Office event on Friday.
“If we had a Fed chairman that understood what he was doing, interest rates would be coming down,” Trump said. “He should bring them down.”
Hassett told reporters his own preference was to focus on “the policy, rather than the personalities.”
“If you think that it’s unacceptable for President Trump to be frustrated with the policy history of the Fed, then I think that you got some explaining to do,” he said
Financial Review
Th e man caused provblems for both Trump and Biden ove he last 8 years and Trump in his first cabinet made serious mistakes in appointments and he is one of the worst establishment appointees,
The cuntry was going the destruction route under Biden and Trump is trying to stop the slide int bakcrutsy and for that drastic action is needed and it is not clear whether this man would be of an y help in etting the dollar back into creditability,
The cuntry was going the destruction route
Well if as you say it's a cuntry then it would.
Bump
bump
Bump
Bump…..Trump just explicitly makes it clear he has no intention of firing Powell. Hysteria I advised you to shut your gob, but you wouldn’t.,,,,bump, bump, bump….fools shouldn’t rush in.
So, despite repeatedly saying he would fire Jerome Powell, Trump is now saying he never planned to do so...
Trump: " We are going to invade Greenland".
Trump: "I know I said I would invade Greenland, but I won't".
Trump: "I always said I would invade Greenland"
Trump: " I never said I would invade Greenland".
Trump: " Lots of people have been saying it is a good idea to invade Greenland".
Trump: "We are not going to invade Greenland by any means, except by force"
Trump: "Who said we were going to invade Greenland? I never said this. It was Biden".
Trump alternates between a compulsive and pathological liar. No one knows what he will say next, let alone his staff members. How is the market meant to plan anything with character in charge.
The art of the deal....
No he has not said he will fire Powell. Here’s Chat:
Former President Donald Trump has publicly expressed dissatisfaction with Federal Reserve Chair Jerome Powell, particularly over interest rate policies. In April 2025, Trump criticized Powell for not cutting interest rates and suggested he could remove him from office, stating that Powell's "termination cannot come fast enough" . However, shortly thereafter, Trump clarified that he has "no intention" of firing Powell, attributing earlier remarks to press misinterpretation.
Hey Moffie, here have a read, your cultist hero at his chaotic best....
President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his “termination” for not cutting interest rates quickly enough. His comments come one day after the central bank chief delivered a stark warning about the effect of Trump’s sweeping tariffs on the economy.
Trump’s first comments on Powell came early in the day, in a social media post. But the president continued ripping into the Fed chief later in the day, in an Oval Office meeting, piling on political pressure for Powell to lower interest rates.
Early Thursday morning, Trump lashed out at the Fed leader in a social media post, saying the US central bank is lagging behind its European counterpart. The European Central Bank later Thursday morning announced it is cutting interest rates for the seventh time in the past year.
“Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ Trump wrote. “Powell’s termination cannot come fast enough!”
Powell on Wednesday said at an event in Chicago that the Trump administration has brought “very fundamental policy changes,” including sweeping tariffs that are “significantly larger than anticipated.” He said such changes are unlike anything seen in modern history, putting the Fed in uncharted waters and on a path to confront a challenge it hasn’t seen in decades.
But Powell’s comments weren’t unlike those of other Fed officials in recent weeks. Most have said Trump’s tariffs are likely to push up inflation and unemployment. Powell has carried out the Fed’s monetary policy by making decisions that are dependent on economic data in striving for the central bank’s dual mandate of maximum employment and stable prices. The ECB, which only focuses on price stability, also has a data-driven approach like the Fed.
“Let me just say very squarely, I have a lot of respect for my esteemed colleague and friend Jay Powell. We have a steady solid relationship amongst central bankers,” ECB President Christine Lagarde said Thursday in a news conference after the central bank announced its latest policy move. “I think that relationship is decisive in order to have a solid financial infrastructure on which to ensure there is financial stability.”
Meanwhile, some billionaires, such as Ray Dalio, have taken criticism of Trump’s tariffs a step further, saying the US economy might be in or near a recession already.
Powell was first appointed as Fed chair by Trump in 2018 and was later reappointed by President Joe Biden in 2022. His current term ends in May 2026.
Trump has on several occasions threatened to remove Powell from his post, and criticism of his Fed head stretches back to 2018, when Powell took the reins of the world’s most powerful central bank.
The Fed raised interest rates a handful of times that year over worries that a historically tight job market could spur higher inflation. In 2019, Trump even called Powell “the enemy.” In March 2020, Trump told reporters he had the “right to remove (Powell) as chairman” and that “he has, so far, made a lot of bad decisions, in my opinion,” after markets tanked amid the pandemic. But he also praised Powell for cutting rates to zero to prevent an economic collapse.
After meeting with Italian Prime Minister Giorgia Meloni, Trump doubled down on his criticism of Powell while taking questions from reporters.
“I don’t think he’s doing the job. He’s too late. Always too late. A little slow and I’m not happy with him. I let him know it,” Trump said. “And if I want him out, he’ll be out of there real fast, believe me.”
“We have a Federal Reserve chairman that’s playing politics,” he said, adding that the Fed not cutting interest rates “plays right into (Europe’s) hands.”
“The Fed really owes it to the American people to get interest rates down, that’s the only thing he’s good for,” Trump said. “I think at some point he will. He’s going to have a lot of political pressure, you know they are political also and I think there’s a lot of political pressure for him to lower interest rates.”
CNN has reached out to the Fed.
But Trump’s desire to fire Powell is at odds with the view of his own Treasury secretary, Scott Bessent. Earlier this week, Bessent told Bloomberg in an interview that “monetary policy is a jewel box that’s got to be preserved.”
During his confirmation hearing in January, Bessent told congressional lawmakers that the Fed should remain independent. Doing away with it would not only rattle investors who are already anxious about Trump’s tariffs, but it could destroy the central bank’s credibility, which it needs to fight inflation. That’s as important as ever, with economists expecting tariffs to lead to higher prices. Countries with independent central banks generally have lower inflation.
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Moffie, your cult hero continuous to be an embarrassment........besides being a looney.
Deal with it while you wipe the egg from your face.
Hysteria excuse me popping your balloon, but it’s Tuesday, almost Wednesday in the States, not Thursday. So the article you are quoting is at least 5 days old. And today Trump said in the Oval Office he is not going to fire Powell. Nor, while he has speculated about his ability to do so, has he ever said he was going to fire Powell.
Do get your dates right, you still haven’t corrected your laughably incorrect and weeks out of date article claiming Trump threatened Russia with US troops in the Ukraine. Dishonest and stupid…not a good combination.
Best advice…stopping posting stuff you don’t understand.
And yet…23 days and counting.
ROFL!
"Best advice…stopping posting stuff you don’t understand."
That leaves almost nothing for the dear to post about.