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Powell won't be in control 4 months and 4 days from now. What is the benefit to Trump administration to taking control a few months earlier? Trump seems to be
by axus 10mo ago
Powell won't be in control 4 months and 4 days from now. What is the benefit to Trump administration to taking control a few months earlier? Trump seems to be in a big hurry.
- gruez 10mo agoRevenge? Same with going after Comey even though he was out of government for the better part of a decade.
- spwa4 10mo agoI thought Trump was of the opinion that "official acts", which is apparently anything anyone does while employed by the government, cannot result in criminal prosecutions. Or at least, that's what he claims for himself and ICE murderers.
- gruez 10mo agoNot sure about "ICE murderers", but Trump v. United States[1] only seems to cover presidents, and wikipedia even has a specific article for for it[2] [1] https://en.wikipedia.org/wiki/Trump_v._United_States https://en.wikipedia.org/wiki/Trump_v._United_States [2] https://en.wikipedia.org/wiki/Presidential_immunity_in_the_United_States https://en.wikipedia.org/wiki/Presidential_immunity_in_the_U...
- spwa4 10mo agoYou saw JD Vance's press conference? A Yale educated lawyer, because that's what this asshole is, saying a federal agent has full immunity in the context of being investigated for murder. I wonder what his opinion would be on what happens if a Federal agent shot Trump. But let's not pretend the current administration believes one word they're saying.
- Spartan-S63 10mo agoHe won't be chair, but he'll still be a governor. I think the attempt is to get rid of him in both positions early and for good.
- FreakLegion 10mo agoPowell could still head the FOMC, which sets the federal funds rate and elects its own chair. It would be a hilarious rebuke of Trump and whoever he appoints.
- deleted 10mo ago[deleted]
- Spartan-S63 10mo agoI think this, or calmer heads prevailing and Powell retaining soft power/influence are the most likely outcomes. Without being able to dismiss board members at will, Trump won't have the influence he wants over the Fed.
- CyanLite2 10mo agoHe's sending a message to the NEXT Fed Reserve Chair.
- rileymat2 10mo agoHe does not need to send a message to the next chair, he will appoint an ally. He needs votes.
- anjel 10mo agoMore than voters, trump needs Wall Ttreet's vote, and they aren't having any of this.
- rileymat2 10mo agoSorry, I was not clear, he needs votes on the fed board, not so much a message to the chair.
- dfxm12 10mo agoFWIW, Trump appointed Powell as chair.
- littlestymaar 10mo agoHe also appointed Mike Pence,who single handedly derailed his coup in Jan 2021. He learned from his mistake, and this administration is much less prone to defect than the first one.
- throw0101c 10mo ago> He does not need to send a message to the next chair, he will appoint an ally. He needs votes. Autocrats need to constantly be sending a message: stay loyal or else.
- add-sub-mul-div 10mo agoHe's an id loosely wrapped with skin. Why do people still wonder about the logic of his actions?
- deleted 10mo ago[deleted]
- throw0101c 10mo ago> What is the benefit to Trump administration to taking control a few months earlier? Because he (thinks he) can. This is not about logic but about power and trying to flex it. To show people who's the boss. To bully. If no one pushes back hard enough, then it's a fait accompli. If there's push back then there will be another attempt later on. And again. Until the push gets through.