What a colossally bad idea.

[John Edgar Slow Horses]

No congress is going to let any President set the fed policy.,

 

[OKTexas]

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a provision that could make him an “acting” central bank board member, according to a report from The Wall Street Journal.

That plan, which the Journal report described as highly secretive, is part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. In addition, the Treasury Department would be used as an added check and balance to oversee the Fed’s bond-buying activities.

Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration’s goals. While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him.
https://www.cnbc.com/2024/04/26/tru...matically-revamp-the-fed-wsj-report-says.html

The king of bankruptcies wants control over Fed decisions. What could possibly go wrong?

The federal reserve is neither federal or a reserve. They are private banks that have ripped the taxpayers off for trillions. They need to be audited and closely controlled.

.

 

[Lesh]

No congress is going to let any President set the fed policy.,

A GOP Congress would if it were a GOP President

 

[ColonelAngus]

A GOP Congress would if it were a GOP President

FOUR MORE YEARS! PAUSE

 

[berg80]

Yes, well our Constitution protects us from this kind of stupidity.

Which is why Trump is trying so hard to upend the regular constitutional order.

 

[berg80]

Did they release the 10 page plan.

Are we talking plan or someone's summary of it ?

The article implies the WSJ got hold of a copy of the memo.

 

[berg80]

No congress is going to let any President set the fed policy.,

A Repub controlled one would if he demands it. After all, he killed the border security bill while being out of office.

 

[HikerGuy83]

The article implies the WSJ got hold of a copy of the memo.

Yeah, so did I.

 

[HikerGuy83]

A Repub controlled one would if he demands it.

Only in your paranoid little fantasy world.

 

[berg80]

A Repub controlled one would if he demands it.

Only in your paranoid little fantasy world.

The control he exerts over the Repub caucus in the House is demonstrable fact, not fantasy.

Republicans kill border bill in a sign of Trump's strength and McConnell's waning influence

Senate Minority Leader Mitch McConnell encouraged GOP senators to pass an immigration and Ukraine aid deal. Just four of them supported it. In the end, even he voted no.

www.nbcnews.com

 

[HikerGuy83]

The control he exerts over the Repub caucus in the House is demonstrable fact, not fantasy.

Republicans kill border bill in a sign of Trump's strength and McConnell's waning influence

Senate Minority Leader Mitch McConnell encouraged GOP senators to pass an immigration and Ukraine aid deal. Just four of them supported it. In the end, even he voted no.

www.nbcnews.com

He might have influence, but not total control. Not every republican in the house bows to Trump.

And he does not control the SCOTUS.

 

[OKTexas]

Which is why Trump is trying so hard to upend the regular constitutional order.

The Constitution says congress is supposed to control the value of our currency, not some unelected central bank. Constitutionally, there is no provision for a central bank. In fact many of the founders thought it was a seriously bad idea.

.

 

[DudleySmith]

Party media pros 'leak' stuff like this all the time; it's intended to see what kind of feedback certain policies will get, is all. Nothing to see here.

 

[blackhawk]

There is a highly secret plan that suggest a way to end the lefts never ending Trump derangement I take it as seriously as I take anything that implies or suggest something.

 

[Billiejeens]

Well, Biden's Fed has been a complete disaster.

Squirrel--------->

Wait.

Trump!

 

[Billiejeens]

Well, Biden's Fed has been a complete disaster.

Of course.

 

[IDIOCRACY]

Can't argue w/you there.

Republicans have always been marching towards the biggest government possible under one "strong" authoritarian ruler.

They've found one in Obergruppenführer Trump.

See my signature, you fucking quack.