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Statement from Jerome Powell

federalreserve.gov

211–220 of 871 posts

Re: Statement from Jerome Powell

#212
One of the very few lonely voices.

It's quite impressive how scared everybody is of this administration. News outlets, international leaders even in face of threats, big tech, including the delusional Musk who thought he could've handled the president's rage.

Hell even his own party is scared of speaking up, you either fall in line or you risk falling victim of the most vicious direct attacks, even if you've been a huge and core voice for the president, see senator Marjorie Green.

From Russia, to Belarus, from the Philippines to Argentina, from Hungary to Poland it's crystal clear what a failure of democracy it is to have a presidential republic.

Re: Statement from Jerome Powell

#213
post #156

Earlier quoted context omitted.

Even if one grants that it is a small minority, aren't they still voting for someone who advocates for jailing and killing political opponents?

>Even if one grants that it is a small minority It is. What's more, such support is roughly the same across both parties, but both parties vastly overestimate the other side's support. https://www.pnas.org/doi/10.1073/pnas.2116851119 https://x.com/JustinGrimmer/status/1966997411060215960

FOX News is workshopping/normalizing the murder of undesirables. Is FOX speaking to/for a small minority?

https://www.youtube.com/watch?v=phYOrM3SNV8

Re: Statement from Jerome Powell

#214
post #177

Earlier quoted context omitted.

They chanted “lock her up” en masse as a campaign slogan. The desire to imprison is quite evident.

If citing the behavior of the most rabbid supporters is allowed (because that's who shows up to campaign rallies), then it's not hard to find an equivalent on the left. /r/all is full of people wanting various people in the epstein files, including trump, to be locked up on spurious associations.

Is there some well of non-rabid Trump supporters that I'm not aware of? I'm always open to the idea that I'm in a bubble, but my experience is that even the least rabid Trump supporters are completely unwilling to criticize him or oppose something he wants. Did any Trump supporters, for example, criticize the prosecution of James Comey?

Re: Statement from Jerome Powell

#215
post #163

Threats like the ones Powell's receiving would be the end of any other presidency. Why tech elites continue to align themselves with this clownshow will be a source of incredible shame that I'll hold onto forever.

The tech CEOs will have to do a whole lot of explaining, relocating and, perhaps, other things once this clown show is gone after 2028

I really wish that were true but they won’t. They’ll just keep on keeping on.

Re: Statement from Jerome Powell

#217

The US drift into Adam Curtis' broad thesis in hypernormalisation(a) continues apace I see. Great to see J Pow putting up a fight but I fear this is all going one way. (a) >We live in a world where the powerful deceive us. We know they lie. They know we know they lie. They don't care. We say we care but do nothing.

> I fear this is all going one way

That belief isn't the consequence of the situation, but the cause. There is ample ability to change events, but people must believe they can act and act together, as they have for centuries of democracy and for all human history. They do it in Iran. The Republicans and MAGA movement have made changes that would have been unbelievable ten years ago.

Re: Statement from Jerome Powell

#218

I dislike the existence of the Fed, but I dislike the idea of the executive branch being in control of monetary policy even more. I'll be tuning in to see how the case progresses.

Do you have an alternative to the Fed? Likes and dislikes has nothing to do with it. Or let me ask you another way — why do you dislike the Fed?

Re: Statement from Jerome Powell

#219

Remember early in his first term when he tested waters but the governmental system pushed back and kept him in check? It feels like an out of body experience to look at this and contemplate how much he’s changed about how the U.S. government conducts itself.

In his first term, he probably didn't yet understand how much power the office truly holds and how to wield it and just how far you can go with that. Because the main restriction on all of that power has always been convention rather than any actually robust guard rails. But no one, not even someone like Nixon, has ever dared to truly test that out.

He knew how much power he had back then. The difference was that the government bureaucracy worked hard to counter his agenda throughout his term. It’s why The Heritage Foundation came up with Project 2025: an organizated and cohesive plan to dismantle the bureaucracy and consolidate power. And it is working.

Re: Statement from Jerome Powell

#220

The US drift into Adam Curtis' broad thesis in hypernormalisation(a) continues apace I see. Great to see J Pow putting up a fight but I fear this is all going one way. (a) >We live in a world where the powerful deceive us. We know they lie. They know we know they lie. They don't care. We say we care but do nothing.

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