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Powell's term ends a year from now and Trump gets to appoint his successor. Trump will then have direct control over monetary policy.
by inverted_flag 1y ago
Powell's term ends a year from now and Trump gets to appoint his successor. Trump will then have direct control over monetary policy.
- alabastervlog 1y agoThey'll likely try to give us a re-do of Covid inflation to juice unadjusted numbers, but without an actual external emergency to even sort-of justify it. I'm wondering how closely banks' rates will follow the Fed, this time. I'm guessing less-so than usual, making the measures less effective than normal. Lowering rates even further to compensate may signal panic and incompetence (even more) to the markets, which will be... fun.
- docmechanic 1y agoThis way financial madness lies.