3 ms·

When Trump replaces Powell next year, the odds of the Fed doing something other than bathing a crisis in liquidity goes way up.

• huhtenberg 11mo ago
  To add some context - Powell's 4-year term ends January 31, 2026. Whether he is reconfirmed by the Senate for another term is an open question.
  • ProjectArcturis 11mo ago
    Uhh... Powell's term as chairman ends in May 2026. His term as a board member ends Jan 2028. Senate confirmation is irrelevant because Trump will not nominate him again for anything.
    • huhtenberg 11mo ago
      Bah, you are correct [1]. I got my date from the Wikipedia page and apparently it's wrong. [1] https://www.congress.gov/crs-product/R48233 https://www.congress.gov/crs-product/R48233 [2] https://en.wikipedia.org/wiki/Jerome_Powell#Federal_Reserve_Chairman_(2018%E2%80%93present) https://en.wikipedia.org/wiki/Jerome_Powell#Federal_Reserve_...
      • deleted 11mo ago
        [deleted]
• impossiblefork 11mo ago
  Only measured in USD though.