Trump DOJ investigates Fed Chair/Powell Resists

[nycfan]

Thought this deserves its own thread (and would return the Economic News thread to more general Economic News as this Powell fight could last weeks and months).





Market futures are down but less than I expected in response to the POTUS going to war against the Fed Chair and the independence of the Fed.

 

[nycfan]

 

[farce©]

Do you think Trump believed the market would react positively to this? He might be dumb enough to believe "the market likes low interest rates and I'm just trying to bring rates down....the market will love this!"

 

[nycfan]

 

[nycfan]

 

[nycfan]

Flashback July 2025:



For those who prefer the same audio with slightly more comic visuals:

 

[nycfan]

 

[nycfan]

Trolling is a game of message board warriors baiting each other. Having the DOJ investigate the Fed Chair to try to bend him and Fed policies to your will is far more serious than (almost?) trolling.

 

[nycfan]

 

[nycfan]

Weak sauce but in context of current GOP kneel before Zod politics, at least some timid push-back, I guess.

 

[nycfan]

Weak sauce but in context of current GOP kneel before Zod politics, at least some timid push-back, I guess.

 

[Oddball]

Art of the Deal explains all you need to know.

Accuse your enemy of exactly what you have done, just do it louder and more frequently.

Biden sure "weaponized the DOJ", didn't he? FFS...

 

[bridgetender]

Trolling is a game of message board warriors baiting each other. Having the DOJ investigate the Fed Chair to try to bend him and Fed policies to your will is far more serious than (almost?) trolling.

 

[nycfan]

 

[nycfan]

Random backstory: Powell is a Grateful Dead fan.

 

[superrific]

Random backstory: Powell is a Grateful Dead fan.

Other random backstory: Mr. Nickel cannot complete a sentence. He makes Ozzy Osbourne look like Charles Kuralt.

 

[SnoopRob]

FDJT

 

[altmin]

The DOW is cool with it.

 

[dcf2]

The next person up will cut rates. One might assume that Treasuries, bills and shorter notes anyway, will be less attractive and money will move to equities or perhaps TIPS. The change in inflation wont hit until after the midterm. A strategic fear is that the only major level the Democratic House will have is the debt ceiling.

 

[tarheelbillie]

What we really need is the largest attended and most beautiful funeral ever. Hell, I’d approve of the biggest most beautiful mausoleum built on the Mall if it would rid us of this SOB.