5 rate cuts 😮

[u/abishop717]

[u/adrr]

Did someone tell JPowell that?

[u/ChaseballBat → u/adrr]

TBH JPowell is sane. I respect him for not bowing down to that idiot.

[u/Tha_Sly_Fox → u/ChaseballBat]

A journalist asked him about a trump quote and Powell literally said “I don’t respond to comments made by politicians” and then reiterated the Feds mandate

What a boss.

[u/Rgarza05 → u/adrr]

I mean I was confused why Biden kept him on but he has proven to know what he is doing. He has lowered inflation without a recession.

[u/Unfair_Inspection_59 → u/Rgarza05]

I bet this week he’s all “fuck this; I’m out.”

[u/skoalbrother → u/Unfair_Inspection_59]

I hope he doesn't because MTG is his replacement

[u/More-Ad-5003 → u/skoalbrother]

Is this real ? 😅

[u/DickFineman73 → u/More-Ad-5003]

No - it'll end up being someone even more stupid.

[u/fuckdonaldtrump7 → u/Rgarza05]

Lmao the Pres doesn't have control to dismiss the Fed chair. They can nominate in conjunction with the Senate.

Edit: my bad forgot his term was up in 2022 and Biden could have replaced.

[u/JayDub1565 → u/fuckdonaldtrump7]

Biden had the opportunity to appoint someone else in 2022, but instead he reappointed JPow. It was about dismissing him

[u/fuckdonaldtrump7 → u/JayDub1565]

Ahh I see his term was up under Biden. Apologies

[u/metalpig0 → u/adrr]

Exactly. They have a “dual mandate” but it’s propaganda. Their real mandate is to maintain high asset prices on behalf of the capitalist class.