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Statement from Jerome Powell

federalreserve.gov

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Re: Statement from Jerome Powell

#561

Post by kasey_junk »

jacquesm wrote: post #557
tptacek wrote: post #108

Earlier quoted context omitted.

Nothing? Trump is playing freeway chicken with Powell, he's driving a Pontiac Fiero and Powell is driving a bulldozer. The Supreme Court has already signaled that they're not on board fucking with the Fed. This will potentially cost Trump his next Fed nomination for awhile, because GOP Senators are putting a hold on his nominations until the legal stuff resolves.

It's nothing. In a sane country Trump would have been impeached many months (or even years) ago and would have never managed to get a second chance at this. If the continuation of the USA hinges on Powell the man should be given a spot on mt. Rushmore, but I don't think that it is going to happen. Congress and the senate are for the most part filled with people that are too afraid to act. And in the meantime a lot of…

He was impeached years ago…

Re: Statement from Jerome Powell

#562

Post by fzeroracer »

Aurornis wrote: post #429
JeremyNT wrote: post #375

Earlier quoted context omitted.

> 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. This is the political will of a plurality of American voters. They certainly can't claim they didn't know what they would get, and they seem unconcerned by any of these actions that many of us find terrifying. It is difficult to see how we can democracy o…

> This is the political will of a plurality of American voters. This fallacy gets repeated over and over, but it's obviously false. Have you really never voted for a candidate who went on to do things you didn't agree with? It's a quintessential fact of politics that voting for a candidate is not equivalent to an endorsement of everything that candidate does in the future. It's a premise that is obviously false when…

> Have you really never voted for a candidate who went on to do things you didn't agree with? It's a quintessential fact of politics that voting for a candidate is not equivalent to an endorsement of everything that candidate does in the future.

You can look back on everything Trump said and campaigned on. He's a liar, a cheat, and a fraud but he openly campaigned on making people suffer, hurting specific groups and demolishing the government. The people either voted for him assuming he was blustering about his claims or liked what he was going to do. There's countless examples of people who when asked why they regret voting for Trump, they say because he's 'hurting the wrong people', while also saying that they would gladly vote for him again.

Re: Statement from Jerome Powell

#563

Post by ben_w »

immibis wrote: post #528
gruez wrote: post #398

Earlier quoted context omitted.

>I think that's the point. None could name a crime, and that didn't matter. From a 10s skim on wikipedia: >Some experts, officials, and members of Congress contended that Clinton's use of a private email system and a private server violated federal law, specifically 18 U.S. Code § 1924, regarding the unauthorized removal and retention of classified documents or materials, as well as State Department protocols and pro…

It's clearly a rationalisation. Nobody is rabidly averse to private email servers and calling for prison for every politician who used a private email server. It's Hillary specifically. Whereas everyone thinks that all child rapists should be in prison!

> It's clearly a rationalisation. Nobody is rabidly averse to private email servers and calling for prison for every politician who used a private email server. It's Hillary specifically.

I think the world would be a better place if politicians with access to critical information were held to suitable security requirements under threats of punishment for laxity.

This would absolutely also include Hesgeth inviting a journalist to an airstrike planning meeting on Signal.

And likewise Trump putting boxes full of state secrets in a disused bathroom and on a stage.

The Trump administration are clearly hypocrites, clearly trying to throw the book at everyone else while bemoaning even the slightest consequences for themselves. I wouldn't call for Clinton's arrest, but I will say that anywhere that would arrest her should've given a much more severe punishment to Trump.

Then again, I'm not even American so I genuinely don't actually care if y'all leak state secrets like a basketball net leaks water.

Re: Statement from Jerome Powell

#564

Post by twixfel »

Youden wrote: post #519
Aurornis wrote: post #435

Earlier quoted context omitted.

> * As (ostensibly) a representative Democracy America's fate is dictated by the majority of it's citizens. No, it's determined by the people who actually go out and vote. Bizarrely, voter turnout among younger people remains low. It's beyond frustrating to work with large groups of young people who are seemingly always talking politics and angry about something political, then to watch as half of them either forget…

In defence of young people, it's "determined" by the people who actually go out and vote the same way a child "determines" what's for dinner when asked "would you like broccoli or brussels sprouts?" American democracy is broken. Not in an abstract, hand-wavy feelings way but a hard, numerical, mathematical way. A two party system results in no real choice. First past the post results in a two party system. America us…

There was a real choice in 2016, 2020 and 2024. Trumps opponent was every single time very different to him.

Re: Statement from Jerome Powell

#565

Post by ben_w »

SpicyLemonZest wrote: post #402
gruez wrote: post #344

Earlier quoted context omitted.

>But the range of Trump supporter opinions stretches only from "politely support everything he wants to do" to "be performatively mean about everything he wants to do". You're basing this off... what? You're missing the options of "I'm indifferent about this", or "I don't agree with him on this but still think he's better as a whole than the alternative".

I'm missing "I don't agree with him on this" because I don't hear Trump supporters say that. Trump doesn't allow them to - he thinks it's wrong for anyone to disagree with him and illegal for anyone to try and stop him from doing something he wants to do. Again, the whole context here is that Trump is trying to jail one of his own appointees for failing to enact his preferred monetary policy.

I hear that in a few examples, but they've been variations of "When I voted for Trump to deport migrants, I didn't think that meant my wife".

Re: Statement from Jerome Powell

#566

Post by renegade-otter »

piva00 wrote: post #540
Aurornis wrote: post #188

Earlier quoted context omitted.

> One day, maybe we will rebuild from scratch The current situation is bad, but this is just doomerism. The current administration will end. Trump can't live forever. His approval rating is already low and falling. We're in for a bumpy ride, but then it's going to start reverting toward the mean. Not necessarily back to the way things were, but periods of extreme like this are followed by a reversion to the mean more…

I don't think you can really state that right now as certainty, it's becoming part of the illusion of continuity, this administration has shown how fragile the institutions holding American democracy together are. The Pandora's box has been opened, it's not doomerism to see how unprecedented actions have been taken by this administration and not be sure of what's come next, you've never lived through something like t…

I hope the OC said that in good faith, but I have my doubts. I think it's just a gentle way to accuse people like you and I of having Trump Derangement Syndrome.

Re: Statement from Jerome Powell

#567

Post by mlrtime »

bilbo0s wrote: post #297
skissane wrote: post #257

Earlier quoted context omitted.

I think the real test will be, not whatever this administration does, but how much of that survives into the next one - how much is the new normal versus how much is a temporary aberration. That’s true even if the next administration is Republican (Vance or whoever), but especially true if the next administration ends up being Democratic instead-which while not certain, has decent odds-the more Trump defies norms, th…

I'm not sure? Some things, it just doesn't matter what the next administration does. The people of the US may, at any time, elect an administration that continues the course of breaking norms. The fact is that businesses, industries, banks, and nations have to guard against that possibility more than they need to cooperate with the next administration. I think it's a bit fanciful to think you can take all the policie…

>Europe will work towards a new normal that looks to their own interests. And no action the next administration can take will change Europe's determination in this regard.

1) Europe will do whatever is easiest at the time relative to the comfort of the people. Meaning they will have very short memories if enacting some change makes people worse off.

2) If the EU does make change with regard to increasing military spending, that is good either way for the US. Less US involvement in conflicts on a different continent.

Re: Statement from Jerome Powell

#568

Post by maest »

Aurornis wrote: post #429
JeremyNT wrote: post #375

Earlier quoted context omitted.

> 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. This is the political will of a plurality of American voters. They certainly can't claim they didn't know what they would get, and they seem unconcerned by any of these actions that many of us find terrifying. It is difficult to see how we can democracy o…

> This is the political will of a plurality of American voters. This fallacy gets repeated over and over, but it's obviously false. Have you really never voted for a candidate who went on to do things you didn't agree with? It's a quintessential fact of politics that voting for a candidate is not equivalent to an endorsement of everything that candidate does in the future. It's a premise that is obviously false when…

Trump still has plenty of support from large swathes of Americans despite his increasingly more overt actions.

For many, he _is_ doing what he was elected to do. This _is_ what the American voter wants. The American voter wants illegal immigrants out, does not care how it happens. They also want cheap oil and are willing to overlook the implications of international military action if it means they get it. They also don't care about the environment enough to curb their consumption or invest in alternative energy sources.

These preferences are all aligned with Trump's actions.

Re: Statement from Jerome Powell

#569

Post by throw0101c »

JeremyNT wrote: post #375
mmooss wrote: post #217

Earlier quoted context omitted.

> 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.

> 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. This is the political will of a plurality of American voters. They certainly can't claim they didn't know what they would get, and they seem unconcerned by any of these actions that many of us find terrifying. It is difficult to see how we can democracy o…

> This is the political will of a plurality of American voters.

Trump has (amongst?) the lowest approval of any president at this point in his tenure, even lower than his first term.

* https://news.gallup.com/poll/699221/trump-approval-rating-dr...

* https://www.natesilver.net/p/trump-approval-ratings-nate-sil...

> It is difficult to see how we can democracy our way out of this situation.

Assuming there is no martial law later in 2026, vote to give the other party more power in Congress so the Legislative branch can actually grow a spine and push back against Executive actions.

Re: Statement from Jerome Powell

#570

Post by mlrtime »

throwaway2037 wrote: post #518
mapontosevenths wrote: post #120

Earlier quoted context omitted.

> I wonder where you guys are headed. You need to know only two facts about America to guess that: * Fifty three percent of Americans now read below the sixth grade level. * As (ostensibly) a representative Democracy America's fate is dictated by the majority of it's citizens. Our future is to become a broken nation governed by middle-school student level thinking. The only way to build a better America is to build a…

> Fifty three percent of Americans now read below the sixth grade level. I don't know what to think when I see these quotes. Are you writing a local newspaper opinion piece about the "decline of America"? How is it meaningful to this discussion? It's like a poison blowdart shot from behind the stage curtain that kills the messenger. By the way, I Googled for the equivalent stat about Canada: "48-49% having skills bel…

I've been reading this topic for years. It is very common with a certain party that the other side votes against their interest, or is too dumb to vote (literacy).

You can also see it in race voting, where people will say a certain race is voting against their interest just to vote for someone with the same skin color.

It's actually a talking point that actively pushes people away from their cause.

Does this type of voting happen? Sure, but not enough to push elections. IMO it's people who are confused on why others don't think the same way as they do and try to justify why anyway they can, usually through derogatory remarks.

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