Jerome Powell, Federal Reserve Chairman, Needs to Go

[excalibur]

Yet again, no rate cut. Even though in 2024 he predicted several in 2025.

And in 2024, he cut rates in an attempt to help Democrats. The closest rate cut to an election in nearly half a century.

Now? Nothing.

 

[Darkwind]

Yeah, his widdle feweens are hurt.

But this is a good lesson for Trump that he will not learn.

Don't publicly insult people with that kind of power. They'll hide behind nonsensical rules of impartiality when they are anything but impartial.

Much better to quietly go to Powell and tell him, "The economy is at a point that rate cuts makes sense, and if you don't, I'll cut your balls off. Figuratively of course.

 

[kyzr]

Powell is using tariffs as a reason not to lower rates. Total bullshit.
Tariffs are a tax, so lower rates would not spark inflation, there would still be less money to buy goods.
Powell is there until April 2026.

 

[Marener]

Powell is using tariffs as a reason not to lower rates. Total bullshit.
Tariffs are a tax, so lower rates would not spark inflation, there would still be less money to buy goods.
Powell is there until April 2026.

We’ve dramatically increased tariffs. The rates aren’t lower. They’re higher.

 

[Cassandro]

Powell is using tariffs as a reason not to lower rates. Total bullshit.
Tariffs are a tax, so lower rates would not spark inflation, there would still be less money to buy goods.
Powell is there until April 2026.

We spend a lot of time talking about rate changes, but not about the rate itself. What is special about 6%? Is it the result of some formula?

 

[The Irish Ram]

The Federal Reserve does absolutely nothing in our best interest. It is a foreign corporation of elite bankers and wealthy stakeholders, and we need to get its tentacles away from our Treasury's neck.

 

[John Edgar Slow Horses]

Powell and the Reserve are competent, and those opposed are not.

 

[kyzr]

We’ve dramatically increased tariffs. The rates aren’t lower. They’re higher.

Powell should lower interest rates since tariffs are a tax. Two different things.

 

[kyzr]

The Federal Reserve does absolutely nothing in our best interest. It is a foreign corporation of elite bankers and wealthy stakeholders, and we need to get its tentacles away from our Treasury's neck.

Actually the Fed is only concerned with the top 10%, the bottom 90% can suffer. Its just a fact that the wealthy run the economy.

 

[JWBooth]

Higher rates choke inflation, this is a good thing. They also make it more expensive for government to borrow and spend, also a good thing.

 

[Twisted Gypsy Child]

Powell should lower interest rates since tariffs are a tax. Two different things.

tariffs are a tax and you pay that tax

 

[Marener]

Powell should lower interest rates since tariffs are a tax. Two different things.

Powell should lower interest rates since tariffs are a tax. Two different things.

Tariffs are going to cause inflation. Lowering interest rates would cause inflation.

He can’t safely lower interest rates until we see what happens as a result of this unprecedented policy shift.

 

[Marener]

Actually the Fed is only concerned with the top 10%, the bottom 90% can suffer. It’s just a fact that the wealthy run the economy.

The bottom 90% are most likely to be hurt by the kind of stagflation they’re trying to prevent.

 

[John Edgar Slow Horses]

Powell's decision is the right one.

 

[kyzr]

Tariffs are going to cause inflation. Lowering interest rates would cause inflation.
He can’t safely lower interest rates until we see what happens as a result of this unprecedented policy shift.

There are differing opinions on whether tariffs cause inflation. They haven't so far.

https://www.cnbc.com/2025/06/12/here-are-the-three-reasons-why-tariffs-have-yet-to-drive-inflation-higher.html

Lowering interest rates will happen, probably in September.

I would think that the Fed wold do everything possible to borrow less to NOT add to the $37T Debt. Lowering the borrowing cost would be my first priority. I agree that no tariff deals have been signed, but they should not be exceedingly high.

 

[Marener]

There are differing opinions on whether tariffs cause inflation. They haven't so far.

https://www.cnbc.com/2025/06/12/here-are-the-three-reasons-why-tariffs-have-yet-to-drive-inflation-higher.html

Lowering interest rates will happen, probably in September.

I would think that the Fed would do everything possible to borrow less to NOT add to the $37T Debt. Lowering the borrowing cost would be my first priority. I agree that no tariff deals have been signed, but they should not be exceedingly high.

Trump claims the 10% tariff is the basement, which is substantially higher than its been in a very long time.

Too soon to say that tariffs won’t cause inflation. Powell knows this.

 

[excalibur]

Actually the Fed is only concerned with the top 10%, the bottom 90% can suffer. Its just a fact that the wealthy run the economy.

The 1930s taught us that.

 

[John Edgar Slow Horses]

Powell desereve another ten year term.

 

[The Irish Ram]

Powell and the Reserve are competent, and those opposed are not.

Bullshit. What has the Federal Reserve done for us? They were incompetent enough to put our country into a depression in the 30s.

 

[Independent thinker]

Yet again, no rate cut. Even though in 2024 he predicted several in 2025.

And in 2024, he cut rates in an attempt to help Democrats. The closest rate cut to an election in nearly half a century.

Now? Nothing.

Apparently his term is up in May so, one way or another, he is going to be gone.