Trump is now waging war against his own national bank, The Federal Reserve.
The Chair of The Federal Reserve explains that Trump is now suing him in an attempt to force him to set the US interest rates based on Trump’s feelings rather than economic responsibility.
I really hope this man can hold the fort until The Midterms because if not, the US economy has a really dark outlook.
I really wish I am wrong on that but the fascists will not leave because of a vote.
Non-Maga USA needs to prepare now how to get rid of the fourth Reich and do a very detailed analysis of what went wrong.
Then write the changes into your law corpus that need to be changed to never ever allow that to happen.
Write in down. Now.
Lots of headless protest right now but no clear vision / manual for a post maga era.
You need to build that now, do not waste time.
@randahl He thoroughly studied his history books. The Fourth Reich is supposed to start with hyperinflation, biggest hyperinflation ever!
@randahl - Absolutely 100%
Criminal proceedings, not civil.
Powell has only a few months to go as chair, though two years tenure as a governor.
This move shows that the regime is in a great hurry.
@lionelb you are right, my wording could be misunderstood. I have instead used the verb subpoena.
Revealing what has happened is quite a clever move by #jeromepowell . He is giving notice to the financial markets so that lenders can if they wish reduce their exposure to #us bonds . And arguably markets tend to work better when all participants are well informed!
@randahl
and trump is in charge of venezuela.
how the phrase goes:
everything trump touched, will turn into ... something awful.
@randahl for around 50% of the u.s. citizens, I wish hard economic times.
@randahl The world's economies are going to collapse by 2040 anyway according to Club of Rome predictions. The AI bubble will pop this year or the next according to common sense.
The US economy has a really dark outlook no matter the federal interest rate.
Powell will be chairman until May 2026 ( four year term ) . My understanding is that he could remain on the fed board as a member .
As an European , I hope that the next chairman will be a lackey of the #racistrapistfelon. The sooner this country collapses, the better for the rest of the world.
@randahl I believe he is due to step down as chair in May regardless?
@randahl Can you just imagine the utter dystopian timeline where Trump controls the Federal Reserve? May we never see the day.
@randahl Trump's and other MAGAs claim "they are weaponizing justice" rings in my ear.
@randahl Trump is sabotaging US and Putin Russia. Would be nice to see both collapse this year (on the top of Orban loosing the ejections)
@randahl Correction: Trump is not suing him, he is causing the Dept of Justice to open a *criminal investigation* on him.
Yes. Randahl, you may want to correct your post. The DOJ, likely under his direction, is investigating Powell for something having to do with renovations and testimony to Congress. Powell explains that this malicious prosecution is because of his failure to abide by the administration's desire to further lower interest rates.
@randahl he was appointed by trump in his first term...
