What will happen if Trump sacks jpow?
What will happen if Trump sacks jpow?
Rate cuts. It also means the credibility of the fed goes out the window, and all the consequences that entails.
Trump's mandate is from GOD and JPOW fucked up yesterday
unironically? global nuclear fallout within hours.
Nice. He should definitely do that then.
He can't fire him legally, and honestly I'm not convinced this is all theatre
Does it matter when he has the worlds biggest army on his side. The fuck is JPOW gon do
Trump speaks
Market crashes
Powell speaks
Market crashes even further
Both of them refuse to say something positive
The way he fired dozens of inspector generals wasn't legal either. He did it anyway
and all the consequences that entails.
Are there any historic case studies where a head of state did something similar?
I'm not convinced that he can't do virtually anything. Realistically, who will stop him?
Realistically, who will stop him?
The economy.
supreme court jurisprudence now unequivocally states that the president can fire any executive branch official due to separation of powers regardless of what a statute says under Seila Law LLC v. CFPB
Anon, did you see what happened this week? Trump doesn't give a shit.
The problems that come from having central banks under the control of election-focused politicians are the reason why independent central banks became a thing in the first place, and especially so after the inflation spates of the 1980s
You can see a contemporary case of a central bank being remote-controlled by the head of state if you look at Turkey
The federal reserve has no credibility and no self respect. Rate cuts can't come soon enough. Usury and interest are haram.
From this and Trump's claims that he can run a 3rd term, I'm convinced this administration may well be the last. Trump may be America's Napoleon III, except somehow even more clownish.
Usury and interest are haram.
That's why you should charge service fees that just happen to track global interest rates instead
JPow already said he wouldn't leave
The Fed isn't part of the executive branch. It's like if he tried to fire Tim Apple
Nazi Germany in 1935
The Fed isn't part of the executive branch
yes it is you fucking retard
he doesn't know
Newfag never read the creature from Jekyll Island
The legal theories don't really matter. Unless there is someone to stop him, he can simply assert that he has a right to fire JPow and the rest of the BoG and FOMC and then send armed men to the Fed buildings to physically throw them out and take physical control over all Fed computer systems
you’re retarded, central banks became a thing so that private bankers could cause supply shocks and tightening on demand in order to be able to have access to all requisite insider information necessary to buy the world and trap its residents in debt slavery.
And he might as well fuck a bear, that doesn't make it likely. If he tried he would get a bullet in the head, destroying the credibility of the Fed would cause the dollar to collapse and with it the whole country, they killed Kenedy for something a hundred times less serious.
What will happen if Trump sacks jpow?
Official banana republic status, joining the club of "strongman" authoritarian shitholes like Turkey.
The Fed's job is not babysitting the stock market so line go up and the gov looks good, their job is
monetary policy
job growth
inflation
And as Powell said, unemployment rates are low, and the orange nigger's tariffs are going to spike inflation, they should hike rates if anything.
He's 100% going to fire him btw because there is nobody to stop him, Trump and his magatard admin are far beyond the rule of law at this point, there's no credibility left in the US to lose anymore.
Can we now say China won?
What will happen if Trump sacks jpow?
Total collapse. JPow is the only adult in the room keeping the retard at bay. Once another Trump loyalist is installed, the country will collapse with either runaway inflation or something else.
Turkey is doing this right now
Massive cope.
He cant, the federal reserve is not part of any branch of government, we made the central bank independent so it couldn't be run by a fucking retard
Its like trying to fire a CEO of a company as president
he won't
Why is do they engage in the political theater that there is some kind of market mechanism here?
The Treasury can set the rate on bond yields at whatever they want. They can have 0%. Leaving aside that they don't even need to sell bonds in the first place. The Fed can set the federal funds rate wherever it wants. The Fed can set interest on excess reserves where it wants. There's no market mechanisms here at all. These are monopolies. This is basic stuff.
When you have spend a deficit, you have already created the creates in the system. Governments create reserves by spending because they issue the currency. Selling bonds is a self-imposed restraint and policy decision -- governments don't need to sell them.
But even if you were committed to the mechanism, you can just have the Fed buy them like it did with quantitative easing. There is no reason to be paying interest on the "national debt" other than pension funds or foreign investors like to earn interest on them. And of course that is leaving aside that the US can always afford to pay the interest, regardless of whether this mechanism needs to happen (it doesn't).
Treasury rates will soar and interest rates for loans will be high no matter what the Fed tries to do
Everyone involved in being fired or against him being fired is Jewish. Jewish interest will be very upset. I am not jewish, so they can get fukt.
If the fed isn't part of the executive branch, what is it and why do we have it?
Weimar. I guess I should buy gold.
Are you sincerely wondering why the fed should not be under the control of the executive branch?
can fire any executive branch official due to separation of powers regardless of what a statute says under Seila Law LLC v. CFPB
objectively wrong, Humphrey's Executor and Morrison v. Olson still lay out clear exceptions to this, and the Court *specifically* reaffirmed that in Seila Law LLC v CFPB.
Which is different than the oligarchy for the party in power
Too many words. Economics is hard for the poor retards
An unconstitutional institution that was set up by JP Morgan at the request of Rothschild when he had to call him for a bailout during the Panic of 1907. Basically so that banks had a government institution to print money when they ran into trouble. The Fed promptly printed money to fund loans for weapons sales to the British and French in World War 1 and bankers led America into the war with Hollywood propaganda campaigns because if the US didn't intervene to save the Entente the economy would crash since they would default on their payments for weapons sales. Then in the 1920s it kept giving out cheap loans to pump a stock market bubble at the request of European bankers (see Herbert Hoover's memoirs) and it blew up in 1929. If you take a look at your dollar bills, you'll see that they are actually Federal Reserve Notes.
It is pretty funny how they think they are entitled to opinions on topics they've obviously never thought about in their life up prior to the 15 seconds before they hit "Post"