Jerome Powell, Federal Reserve Chairman, Needs to Go

[excalibur]

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

But the Senate will block any good appointment Trump makes, as they did during his first term.

 

[Independent thinker]

But the Senate will block any good appointment Trump makes, as they did during his first term.

Maybe. Maybe not. At least Powell will be gone. That's a start.

 

[kyzr]

Maybe. Maybe not. At least Powell will be gone. That's a start.

He's just one idiot of many...

Board Members

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[toobfreak]

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.

Just who is in charge of hiring and firing this bum?

It never ceases to amaze me how there are so many people in government so incompetent yet not able to be regulated, controlled or even fired for doing bad work by any of the other incompetent people there.

Then it finally hit me.

Politicians begin as lawyers. And lawyers write complexity into law in order to cover up incompetence.

Then they make a lot of money keeping all of the incompetent people out of jail.

 

[kyzr]

But the Senate will block any good appointment Trump makes, as they did during his first term.

The senate approved the two Trump put on the Fed his 1st term, Michele Bowman and Chris Waller.

Trump's Fed Appointments Could Shift Monetary Policy—But Maybe Not Right Away

President-elect Donald Trump has said he wants more influence over Federal Reserve policy. He recently indicated that he won’t ask Fed Chair Jerome Powell to step down, meaning he may not be able to appoint new Fed officials until 2026.

www.investopedia.com

Trump gets to replace Adriana Kugler in January 2026, and then Chair Powell in May 2026.

I hope Trump doesn't get too political with his appointments.

 

[Blaster]

The senate approved the two Trump put on the Fed his 1st term, Michele Bowman and Chris Waller.

Trump's Fed Appointments Could Shift Monetary Policy—But Maybe Not Right Away

President-elect Donald Trump has said he wants more influence over Federal Reserve policy. He recently indicated that he won’t ask Fed Chair Jerome Powell to step down, meaning he may not be able to appoint new Fed officials until 2026.

www.investopedia.com

Trump gets to replace Adriana Kugler in January 2026, and then Chair Powell in May 2026.

I hope Trump doesn't get too political with his appointments.

Powell has done a very poor job.

 

[excalibur]

The senate approved the two Trump put on the Fed his 1st term, Michele Bowman and Chris Waller.

Trump's Fed Appointments Could Shift Monetary Policy—But Maybe Not Right Away

President-elect Donald Trump has said he wants more influence over Federal Reserve policy. He recently indicated that he won’t ask Fed Chair Jerome Powell to step down, meaning he may not be able to appoint new Fed officials until 2026.

www.investopedia.com

Trump gets to replace Adriana Kugler in January 2026, and then Chair Powell in May 2026.

I hope Trump doesn't get too political with his appointments.

The Senate rejected three when they told 45 no way, and they withdrew.

Stephen Moore, Nellie Liang, and Herman Cain. They didn't fit the 'mold'.

 

[John Edgar Slow Horses]

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

That is only your nonsensical opinion, no facts from you.