31–33 of 33 posts
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He's sending a message to the NEXT Fed Reserve Chair.
He does not need to send a message to the next chair, he will appoint an ally. He needs votes.
Autocrats need to constantly be sending a message: stay loyal or else.
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He won't be chair, but he'll still be a governor. I think the attempt is to get rid of him in both positions early and for good.
Powell could still head the FOMC, which sets the federal funds rate and elects its own chair. It would be a hilarious rebuke of Trump and whoever he appoints.
Earlier quoted context omitted.
He won't be chair, but he'll still be a governor. I think the attempt is to get rid of him in both positions early and for good.
Powell could still head the FOMC, which sets the federal funds rate and elects its own chair. It would be a hilarious rebuke of Trump and whoever he appoints.