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Powell 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.
by FreakLegion 9mo ago
Powell 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.