Powell: "I won't quit"

[89th]

Now it's time for some peas and quiet.

[Jolly]

Nah, I cleaned the A/C fins, did some plant watering and push-mowed the dog's yard. Gonna go mow on the rider for about an hour, then I've got other stuff to do.

[jon-nyc]

Do you think he’ll try to fire Powell?

Or is he just setting him up to be blamed for the likely recession that Trump and Trump alone and nobody else but Trump is bringing on?

[taiwan_girl]

Can he fire him? I thought it was not possible.

[89th]

Whether he fires Powell or later replaces him (next year?) with a Hulk Hogan type person when his term is up, I am (in a slightly tin-foil hat way) concerned it would lead to a ripple effect that'll really put the US dollar at risk sending the world into a massive financial depression.

[jon-nyc]

@taiwan_girl said in Powell: "I won't quit":

Can he fire him? I thought it was not possible.

Under the law it isn’t but he may try to test that in the courts under the ‘unitary executive’ theory.

[taiwan_girl]

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.

https://apnews.com/article/federal-reserve-trump-jerome-powel-4710172f1fd4d6493769ac0b81703c01

Do we have a "whiplash" emoji? LOL. Was he lying then or is lying now?

[jon-nyc]

Yes.

[jon-nyc]

Seriously he’s lying now. He wants to fire him but he can’t (most likely) and if he did the dollar would go full Weimar.