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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump asks advisers whether he can fire Federal Reserve Chairman Jerome Powell
trump is a pissy little baby who thinks that the decline in the stock market will affect his re-elect chances. trump is unhappy with the Fed and has asked if he can fire the Fed Chair that he appointed https://www.washingtonpost.com/business/economy/exasperated-over-the-market-plunge-trump-asks-advisers-whether-he-can-fire-federal-reserve-chairman-jerome-powell/2018/12/22/a71b8df2-0635-11e9-9122-82e98f91ee6f_story.html?utm_term=.27aafe65338a
News of Trumps discussions about Powell prompted rebukes from lawmakers and alarm among economists and Wall Street executives Saturday. In the evening, Treasury Secretary Steven Mnuchin tweeted a statement from the president: I totally disagree with Fed policy .?.?. but I never suggested firing Chairman Jay Powell, nor do I believe I have the right to do so.
The two people familiar with Trumps questions about his authority to remove Powell spoke on the condition of anonymity to freely discuss the private conversations. One of them characterized Trumps inquiry as a reflection of his rage over the stock markets recent plunge and his desire to blame someone.
The Washington Post goes on to answer the legal issue which is trump can only fire the Fed Chair for "cause."
Powell is both one of the Feds governors and its chair. The law is silent on whether someone at the Fed can be stripped of the chair position.
The law isnt clear, Fed historian Peter Conti-Brown, a professor at the University of Pennsylvania, wrote in a series of tweets. Trump can probably de-designate a Fed governor as board chair, but not fire the governor.
The fact that trump is mad at the Fed chair is not cause.
Eliot Rosewater
(31,121 posts)rump acts exactly like a 9 yr old throwing a tantrum.
But, it is designed by putin, his boss. For real, we have to stop wondering IF putin is pulling ALL of these strings because he is.
Damaging our name and our economy is what putin has ordered rump to do given rump owes him 4 billion or owes his oligarch friends 4 billion and on top of that they have compromising material on him.
Steve Bannon is masturbating to the thought of hard working government employees having heart attacks over the holidays worrying about paying their bills and providing a happy holiday for their family.
Bannon loves it, putin orders it, rump does it.
SWBTATTReg
(22,166 posts)Eliot Rosewater
(31,121 posts)SWBTATTReg
(22,166 posts)conflicts of interest...what a f***ing mess. Thanks again.
moondust
(20,006 posts)Iliyah
(25,111 posts)one" in the universe, praise me. . . .
I have also noticed that, the GOPers in WI, MI, NC, GA, TX, and probably other "red" states act the same way.
It's a privilege taught coupled with religion.
Now you have religion and privilege mixed together. Welcome to t-rump, Pence and the GOP.
Yo_Mama_Been_Loggin
(108,192 posts)It's Trump. As I keep saying the last president who fucked with the Fed was Nixon. The result was double digit inflation.
roamer65
(36,747 posts)Jimmy Carter got stuck with the stagflation from Burns.
Burns was a Repuke loyalist, first and foremost.
Gothmog
(145,554 posts)Gothmog
(145,554 posts)Gothmog
(145,554 posts)Link to tweet
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