Trump vs Powell

[Bray123]

Because Trump has never run a business to bankruptcy, right?

And he would never load a Fed Board like he's loaded SCOTUS, right?

And he would never arrange stuff to his personal advantage, right?

 

[MajorRewrite]

Peter Navarro, who Elon Musks says is “truly a moron” and “dumber than a sack of bricks”, criticized Fed chairman Powell.

“So, here’s the deal. It’s like in the first term, when President Trump was in, Powell gets up to the chair, and the first thing he starts doing is raising rates, because he doesn’t understand how powerful Trumpnomics is and be able to generate strong growth without generating inflation,” Navarro, a frequent critic of Powell, said during his appearance on John Catsimatidis radio show “Cats Roundtable” on WABC 770 AM.

“He cost this country a full point of growth per year, which is just a lot of jobs, close to a million jobs,” he added. “It’s billions of dollars in tax revenues and so things. And then second, when he’s in with Biden in order to get reappointed, he cozies up the Biden, pure partisan political c—, and he doesn’t raise interest rates when Biden and then, God, the Democrat Congress are spending money like drunken sailors, driving the inflation rate. Not taking care of supply chains.”

He rambles and rants as badly as Donnie. Is dementia contagious??

 

[ll74]

Peter Navarro, who Elon Musks says is “truly a moron” and “dumber than a sack of bricks”, criticized Fed chairman Powell.





He rambles and rants as badly as Donnie. Is dementia contagious??

Everyone criticizing Powell right now is only doing so to get the President's attention

 

[RobDownSouth]

Had something unusual happen this week in the financial markets.

There was not enough liquidity in the market to provide enough cash to settle overnight trades.
The Fed had to step in as "lender of last resort" and provide a 24 hour loan of eleven billion-with-a-B dollars to keep money markets solvent.
This DOES happen on rare occasion,but usually serves as notice of an underlying weakness in the market.

Also, June treasury report indicated a net outflow of Treasury money (People cashing in matured treasuries and buying treasury bonds in other countries). One month is a single data point and does not indicate a trend (Unless you are Derpy or Vettebigot) but it will be interesting to see the July numbers to see if this was an abberation or not.

Trump, in his ignorance, has announced a new "20% withholding tax" on foreign countries who do NOT repurchase new treasuries when older ones mature. This is beyond stupid. He's taxing foreign countries as a punishment for his whackadoodle policies.

 

[Hel_Books]

Considering the people President Trump has appointed to important positions, the Education Secretary confusing Artificial Intelligence with A1 steak sauce, the Health Secretary "sceptical" of vaccines, the Defense Secretary drunkenly disclosing war plans over an unsecure "chat," the Secretary of Homeland Security not knowing what habeas corpus means, the FBI director blathering conspiracy theories about Jeffrey Epstein, the Treasury Secretary not understanding how tariffs work, the Secretary of State asserting that people can be deported for thought crimes, . . .

What are the odds that President Trump's replacement for Jerome Powell (remember, Trump appointed Powell the first time around, thinking he'd get an uncritical yes-man!) would be a competent Federal Reserve chair?

 

[MajorRewrite]

The Clown Show Administration is now trying to oust Powell because of the cost of renovating the Fed headquarters.

National Economic Council Director Kevin Hassett seems to be the worst sort of weasel, and a moron to boot. He’s supposedly a contender to replace Powell. God forbid.

Next the clowns will accuse Powell of steering hurricanes with Hunter’s laptop.

 

[MajorRewrite]

The people on Wall Street are sending warnings to Trump.

Wall Street CEOs Stress Fed Independence Amid Powell Attacks

Bank of America Corp.’s Chief Executive Officer Brian Moynihan and Goldman Sachs Group Inc.’s David Solomon joined JPMorgan Chase & Co.’s CEO Jamie Dimon in stressing the importance of the Fed’s autonomy. Moynihan said in an interview with Bloomberg TV on Wednesday that the Fed was “set up to be independent.”

Jane Fraser, who runs Citigroup Inc., said in a statement that “the independence of the Federal Reserve drives its credibility. It is critical to the effectiveness of our capital markets and US competitiveness.”

 

[butters]

‘Surprised’ Trump appears to forget he appointed Powell as Fed chair before blaming Biden for keeping him on

Donald Trump appeared not to recall having been the president who first appointed Federal Reserve Board of Governors Chair Jerome Powell to the position he has held since 2018 — the second year of Trump’s first term.

accusing Powell of only having assented to cuts during last year’s election to benefit the Democratic candidate, former vice president Kamala Harris and calling him “a terrible Fed chair” before expressing surprise that he had been named to the position in the first place.

he also called Powell a "knuckle head." Only the best people!

 

[dmallord]

The Clown Show Administration is now trying to oust Powell because of the cost of renovating the Fed headquarters.

National Economic Council Director Kevin Hassett seems to be the worst sort of weasel, and a moron to boot. He’s supposedly a contender to replace Powell. God forbid.

Next the clowns will accuse Powell of steering hurricanes with Hunter’s laptop.

WHAT! We're still talking about hurricanes and Hunter's damned laptop... I mean, Esptein, more than before? Come on! We are so over that... Russia, Russia, Russia....

 

[Pad_Foot]

The PEOPLE don’t pay for this “Fed” building
What has
Not gone up in cost???

Absolute BULLSHIT!!

Lies and more lies

 

[MajorRewrite]

Donnie is so agitated.

Trump blames Fed board as he labels Powell a 'numbskull'

Donald Trump on Friday blamed US Federal Reserve officials as he reiterated his criticisms of Fed chair Jerome Powell and again called for lower interest rates, Reuters reports.

Trump wrote on his social media platform:

And the Fed Board has done nothing to stop this ‘numbskull’ from hurting so many people. In many ways the Board is equally to blame!

Fed officials meet later this month.

 

[MajorRewrite]

Trump’s appointees in his first term pushed up the cost of Fed HQ renovations. Every accusation is a confession!

As the Fed moved forward with plans to renovate its Great Depression-era headquarters in Washington during Trump's first term, it faced concerns in 2020 during a vetting process involving Trump appointees, who called for more “white Georgia marble” for the facade of building.

The Fed's architects said the central bank had wanted glass walls to reflect the Fed as a transparent institution, but three Trump appointees to a local commission felt marble best fit the building's historic character. Marble was added as a result, according to the minutes of the Commission of Fine Arts, which advises the federal government on architecture.

 

[butters]

On Wednesday, Sen. John Neely Kennedy (R-La.) weighed in on rumors that Trump may consider illegally firing Powell before his term as the chair of the nation's central bank ends in May of 2026. The Louisiana Republican said there would likely be grave economic consequences if the United States' central bank experienced a significant leadership shakeup and/or his would-be replacement cut interest rates too soon.

"If you fire the chairman of the Federal Reserve, you will see the stock market crash, and you will see the bond market crash," Kennedy said. "If Powell unilaterally cut interest rates three points, 300 basis points, 30 percent right now, you would see the bond market go into a fit. You would see interest rates rise dramatically and it would have a huge impact on us borrowing money to fund the government."

https://www.alternet.org/trump-jerome-powell/

 

[butters]

Staffers were also vocal about the potential firing of the Fed chair. One senior-level Republican aide called the rationale for Powell's possible termination "beyond f---ed." A separate unnamed congressional Republican staffer told the outlet that it "seems like [White House officials] just want to find any reason" to fire Powell.

“the building’s foundation is a mess,” the first anonymous congressional aide said of the renovations. “They had to lift up the building, replace the foundation, then renovate it.”

https://www.msn.com/en-us/news/poli...&cvid=916fd19f72b14cfebaa85d4c54c3b6a0&ei=183

 

[MajorRewrite]

The Petulant Man-Baby threw another Powell-related tantrum on Sunday.

“The Wall Street Journal ran a typically untruthful story today by saying that Secretary of the Treasury, Scott Bessent, explained to me that firing Jerome ‘Too Late’ Powell, the Worst Federal Reserve Chairman in History, would be bad for the Market,” Trump said in a Sunday post on Truth Social.

“Nobody had to explain that to me. I know better than anybody what’s good for the Market, and what’s good for the U.S.A,” he added. “If it weren’t for me, the Market wouldn’t be at Record Highs right now, it probably would have CRASHED! So, get your information CORRECT. People don’t explain to me, I explain to them!”

Donnie’s tariff fetish wiped out stock market advances for six months, but if it weren’t for him “it probably would have CRASHED!”

And if Powell is “the Worst Federal Reserve Chairman in History”, why would firing him be bad for the markets?

People don’t explain to Donnie, he explains to them!!! That’s probably why he’s so ignorant.

Stupidity and egomania are a hilarious combination.

When reached for comment, the Fed said it doesn’t “have anything to share.”

Their “no comment” is funny too.

 

[MajorRewrite]

Because of Donnie’s tantrums about Powell, Treasury sheep Bessent dutifully says the Fed’s existence should be reviewed.

U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.

But he said the institution should be reviewed, citing what he called the Fed's "fear-mongering over tariffs" and noting that there had been little, if any, inflationary effect thus far.

• The Fed hasn’t fearmongered over tariffs. They’ve taken a sensible wait and see approach.
• Donnie TACOed most of his tariffs, so naturally the impact has been muted, but inflation has risen in each of the last two months.

Bessent obviously knows these things, but he’s spreading propaganda like the dutiful sheep he is.

 

[Rightguide]

P

I mean politicians should never control the Fed. It’s correctly an independent agency. The President can appoint new board members when their term expires.

The Fed’s independence is particularly important when an imbecile is in the White House.

Powell's been referred to the DOJ for criminal prosecution, lying under oath to Congress. There's no such thing as an independent agency under the U.S. Constitution. All executive power is vested in a President, in Seila Law v. CFPB (2020): The Court struck down a single-director independent agency, saying too much insulation from the President violated separation of powers. Powell can be fired by the President.

 

[MajorRewrite]

P


Powell's been referred to the DOJ for criminal prosecution, lying under oath to Congress. There's no such thing as an independent agency under the U.S. Constitution. All executive power is vested in a President, in Seila Law v. CFPB (2020): The Court struck down a single-director independent agency, saying too much insulation from the President violated separation of powers. Powell can be fired by the President.

 

[MajorRewrite]

Trump is making up things to criticize Powell about. It’s Donnie’s one move.

Trump and Powell clash on camera over Federal Reserve renovation cost

The third building Trump suddenly claimed is part of the renovation, Powell explained, “was built five years ago. It’s not new.”

 

[Pad_Foot]

WHAT A PIECE OF SHIT...
Look I can add 0.4 billion to your cost overrun by adding building that was completed 5 years ago.
"You added in a third building" "We finished ... 5 years ago"
ON CAMERA
So you look bad.
WHAT A PIECE OF SHIT!!!!!!

 

[MajorRewrite]

Trump constantly whines about wanting lower interest rates, but the current rate isn’t high by historic standards.

https://fred.stlouisfed.org/series/DFF

 

[MajorRewrite]

The Petulant Man-Baby threw another tantrum about the Fed and Powell. The Man-Baby says the Fed board should “assume control” … the board already has voting control over the target rate.

The Petulant Man-Baby is a “MORON” (every accusation of his is a confession).

"Jerome 'Too Late' Powell, a stubborn MORON, must substantially lower interest rates, now. if he continues to refuse, the board should assume control, and do what everyone knows has to be done!" Trump said in a post on Truth Social.

The latest policy decision was made by a 9-2 vote, which passes for a split outcome at the consensus-driven central bank, with two Fed governors dissenting for the first time in more than 30 years.