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Trump discusses firing Fed chairman after latest rate increase

 

President Donald Trump has begun polling advisers about whether he has the legal authority to fire Federal Reserve Chairman Jerome Powell, according to two people familiar with the matter, who described the President as newly furious at the Fed chief as markets tumble.

 

So far, the White House hasn't come to a final legal determination on Trump's authority to fire his Fed chairman, whom he nominated a year ago. The law states the President can fire a Fed governor for cause, but it hasn't been tested on the firing of a chairman.


Top West Wing economic advisers have warned Trump that firing Powell would only exacerbate the problem the President is ostensibly trying to solve: nose-diving markets. The unprecedented move would likely cause more turmoil.

 

https://www.cnn.com/2018/12/22/politics/trump-jerome-powell-fire-interest-rate-hike/index.html

Posted
23 minutes ago, ALF said:

Trump discusses firing Fed chairman after latest rate increase

 

President Donald Trump has begun polling advisers about whether he has the legal authority to fire Federal Reserve Chairman Jerome Powell, according to two people familiar with the matter, who described the President as newly furious at the Fed chief as markets tumble.

 

So far, the White House hasn't come to a final legal determination on Trump's authority to fire his Fed chairman, whom he nominated a year ago. The law states the President can fire a Fed governor for cause, but it hasn't been tested on the firing of a chairman.


Top West Wing economic advisers have warned Trump that firing Powell would only exacerbate the problem the President is ostensibly trying to solve: nose-diving markets. The unprecedented move would likely cause more turmoil.

 

https://www.cnn.com/2018/12/22/politics/trump-jerome-powell-fire-interest-rate-hike/index.html

More chaos. What a surprise. It's almost as if he is screwing the country over on purpose 

Posted
35 minutes ago, Tiberius said:

More chaos. What a surprise. It's almost as if he is screwing the country over on purpose 

He would never follow in Obama's footsteps.

Posted
1 hour ago, 3rdnlng said:

He would never follow in Obama's footsteps.

True, competence, making informed decisions that help the USA, like Obama did, are things Trump could never do. 

 

Are you really this stupid? What is wrong with you? Don't you love your country? 

Posted
11 minutes ago, Tiberius said:

True, competence, making informed decisions that help the USA, like Obama did, are things Trump could never do. 

 

Are you really this stupid? What is wrong with you? Don't you love your country? 

Tell me, what competent, informed decisions did Obama make for the betterment of our country? Be specific.

Posted
4 minutes ago, 3rdnlng said:

Tell me, what competent, informed decisions did Obama make for the betterment of our country? Be specific.

 

 

Really ?.............................REALLY ?

 

 

:doh:

Posted
1 hour ago, 3rdnlng said:

Tell me, what competent, informed decisions did Obama make for the betterment of our country? Be specific.

 

He put his neck on the line during the Bin Laden raid. 

 

Give him credit where its due. 

 

Further, he didn’t alienate allies. 

Posted
5 minutes ago, The_Dude said:

 

He put his neck on the line during the Bin Laden raid. 

 

Give him credit where its due. 

 

Further, he didn’t alienate allies. 

 

If by "allies" you mean Iran, then agreed. Obama did nothing to alienate his allies. He embraced them at the expense of our national security and the world's. 

  • Like (+1) 1
Posted
5 minutes ago, Deranged Rhino said:

 

If by "allies" you mean Iran, then agreed. Obama did nothing to alienate his allies. He embraced them at the expense of our national security and the world's. 

 

You mean the Iran applauding his Syrian pullout? That Iran?

Posted
10 minutes ago, The_Dude said:

 

You mean the Iran applauding his Syrian pullout? That Iran?

 

For a man of your background, the ignorance you display as to what is actually happening in Syria is a never ending source of amusement. 

 

The GCC with the help of the US and the west have been waging a successful campaign in multiple theaters vs Hezbollah. That's not ending with the troops leaving. We do not need an occupation force in a country we haven't declared war on, nor have we set any strategic goals. 

 

Working with our regional allies and relying on smaller scale special operations has proven wildly more successful than anything else we have attempted in the past 17 years. That's not changing despite the hysteria. 

Posted
26 minutes ago, The_Dude said:

 

He put his neck on the line during the Bin Laden raid. 

 

Give him credit where its due. 

 

Further, he didn’t alienate allies. 

He didn't have a choice. Quit makingshit up.

Posted (edited)
10 minutes ago, 3rdnlng said:

He didn't have a choice. Quit makingshit up.

 

Erm, he had to green light the mission and the intelligence wasn’t 100% certain. 

 

Any person who won’t give Obama credit for is partisaned to an extreme fault. 

 

Please explain your erroneous statement that he didn’t have a choice. Either you’re lying or stupid. He had to green light the invasion of Pakistan. Of course he had a choice. 

 

And....if Bin Laden wasn’t there — the political fallout on that would have been severe. 

Edited by The_Dude
Posted
25 minutes ago, Deranged Rhino said:

 

For a man of your background, the ignorance you display as to what is actually happening in Syria is a never ending source of amusement. 

 

The GCC with the help of the US and the west have been waging a successful campaign in multiple theaters vs Hezbollah. That's not ending with the troops leaving. We do not need an occupation force in a country we haven't declared war on, nor have we set any strategic goals. 

 

Working with our regional allies and relying on smaller scale special operations has proven wildly more successful than anything else we have attempted in the past 17 years. That's not changing despite the hysteria. 

 

 

I wont be lectured to on my knowledge by a man who spends his time deciding nonsense. 

Posted
10 minutes ago, The_Dude said:

 

Erm, he had to green light the mission and the intelligence wasn’t 100% certain. 

 

Any person who won’t give Obama credit for is partisaned to an extreme fault. 

 

Please explain your erroneous statement that he didn’t have a choice. Either you’re lying or stupid. He had to green light the invasion of Pakistan. Of course he had a choice. 

 

And....if Bin Laden wasn’t there — the political fallout on that would have been severe. 

The political fallout for not doing it would have been catastrophic. The American public could forgive a failed mission but not a failure to try.

  • Like (+1) 1
Posted
13 minutes ago, The_Dude said:

 

Erm, he had to green light the mission and the intelligence wasn’t 100% certain. 

 

Any person who won’t give Obama credit for is partisaned to an extreme fault. 

 

Please explain your erroneous statement that he didn’t have a choice. Either you’re lying or stupid. He had to green light the invasion of Pakistan. Of course he had a choice. 

 

And....if Bin Laden wasn’t there — the political fallout on that would have been severe. 

 

There would be very little blowback had he not been there domestically for 44. The media would laud him for taking the chance, and ignore the failure as they did the rest of his foreign policy blunders. Partisans would attack because that's what they do, but the majority of Americans would only hear wonderful things about Obama's big attempt. 

 

...of course the USIC knew where he was for years prior. But that's a different story. 

1 minute ago, The_Dude said:

 

 

I wont be lectured to on my knowledge by a man who spends his time deciding nonsense. 

 

You don't have to. I'll just continue to be bemused by your complete disconnect from the reality of the geopolitical situation on the ground. 

  • Haha (+1) 1
Posted
17 minutes ago, The_Dude said:

And....if Bin Laden wasn’t there — the political fallout on that would have been severe. 

 

If Bin Laden wasn't there, the raid would be just another classified Op that the American public knows nothing about

  • Like (+1) 2
Posted
9 minutes ago, /dev/null said:

 

If Bin Laden wasn't there, the raid would be just another classified Op that the American public knows nothing about

 

Naw. Not where that one was. Pakistan was PISSED. 

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