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He 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.
by Spartan-S63 9mo ago
He 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 9mo 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 9mo ago[deleted]
- Spartan-S63 9mo 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.