Statement from Jerome Powell

#1

Post by 0xedb » Mon, Jan 12, 2026, 1:02 AM UTC

Statement from Jerome Powell
federalreserve.gov

Re: Statement from Jerome Powell

#2

Post by jmclnx » Mon, Jan 12, 2026, 1:13 AM UTC

For those,like me, who do not wnt to go to youtube:

https://www.cnbc.com/2026/01/12/fed-jerome-powell-criminal-p...

https://www.msn.com/en-us/news/us/federal-reserve-chair-powe...

Re: Statement from Jerome Powell

#3

Post by davidw » Mon, Jan 12, 2026, 1:14 AM UTC

This is... just crazy. One of those mostly boring bits of plumbing that has been left to professionals throughout the entire 50 years of my life - and they're trying to wreck it.

Re: Statement from Jerome Powell

#4

Post by Loughla » Mon, Jan 12, 2026, 1:15 AM UTC

Holy shit.

So our monetary policy will be just set at the arbitrary whims of the president if this new scheme works.

Why does all of this feel like it's just sliding completely out of hand? Am I just being a doomer?

Re: Statement from Jerome Powell

#5

Post by rib3ye » Mon, Jan 12, 2026, 1:16 AM UTC

Unprecedented times call for unlikely youtube heroes.

Re: Statement from Jerome Powell

#6

Post by nemomarx » Mon, Jan 12, 2026, 1:16 AM UTC

Loughla wrote: post #4

Holy shit. So our monetary policy will be just set at the arbitrary whims of the president if this new scheme works. Why does all of this feel like it's just sliding completely out of hand? Am I just being a doomer?

Lots of respected limits and lines on government power are just being casually broken, so I don't think you're wrong. Whatever's going to happen next it probably won't have the stability of the past.

Re: Statement from Jerome Powell

#7

Post by [deleted] » Mon, Jan 12, 2026, 1:16 AM UTC

[deleted]

Re: Statement from Jerome Powell

#8

Post by toomuchtodo » Mon, Jan 12, 2026, 1:17 AM UTC

Loughla wrote: post #4

Holy shit. So our monetary policy will be just set at the arbitrary whims of the president if this new scheme works. Why does all of this feel like it's just sliding completely out of hand? Am I just being a doomer?

Because it is, you are not. Checks and balances are at their limits (judicial branch), or non existent (Congress).

Re: Statement from Jerome Powell

#9

Post by Dusseldorf » Mon, Jan 12, 2026, 1:17 AM UTC

He certainly doesn't beat around the bush here. Very nice too see someone of his stature stand up and call out these shenanigans for what they are.

Re: Statement from Jerome Powell

#10

Post by davidw » Mon, Jan 12, 2026, 1:17 AM UTC

Loughla wrote: post #4

Holy shit. So our monetary policy will be just set at the arbitrary whims of the president if this new scheme works. Why does all of this feel like it's just sliding completely out of hand? Am I just being a doomer?

I find myself seeking out non-doomer people to read, since the doom and gloom doesn't really help, it's just demotivating. "Look for the helpers" and all that.

This outlet has some good things from time to time, like https://www.liberalcurrents.com/we-are-going-to-win/

That said, yeah this is really bad.