Powell speaks truth to power

[jon-nyc]

[Renauda]

This could prove to be the bridge too far for the Trump and his hoods.

[jon-nyc]

He'll probably fire him really close to his retirement date so contesting it is pointless.

By the way my sister works for the Fed board of governors and intends to retire when he leaves.

[Doctor Phibes]

He missed a great opportunity to close with 'Thank you for your attention to this matter".

[Renauda]

@jon-nyc said in Powell speaks truth to power:

He'll probably fire him really close to his retirement date so contesting it is pointless.

I recalling reading or hearing from some source(s) last year that the POTUS does not have the authority to fire the Head of the Reserve or any of the Board members.

What would be the ramifications of WH political control over the FR in terms of banking and the US$? Do you think it would trigger a global sell off?

[Mik]

Go Jerome. Good statement.

[Axtremus]

The alternative would not have put the Federal Reserve Chair in this predicament.