Quote from: sana54210 on May 03, 2025, 05:23:23 PM

Quote from: Swordsoffreedom on May 02, 2025, 11:03:01 AM

Quote from: Abiky on April 29, 2025, 09:17:01 PM

Best bet would be to wait until May 2026, and replace the chairman with one that's loyal to Trump. That could also undermine investors confidence in the US, as the FED will become highly-politicized.

That is a good opportunity for Trump to replace Powell with someone closer to him , but it's not as easy as you might think. The president will have the power to nominate a new Fed chairman , but the final decision will be made by the Senate. If the Senate does not approve, Trump will have to nominate a new candidate . Although Republicans control the Senate, not all Republicans support all of Trump's ideas, so there is no guarantee that things will go his way .

FED is doing an alright job, why would anyone trust a Trump loyalist? Not that Powell is great, I would not be against changing Powell, but I would say getting someone just because they are close to Trump isn't the way you should pick people.

There are noble winners in the USA right now, how come nobody talks about them, these are guys who worked on economy so much that they won noble in economy, so they should be able to get it, how can they not get it. Instead of picking the best political person, get the best educated and qualified person so that the nation could do a lot better. Neither Powell nor "Trumps guy" could do the same, find a great qualified person and the economy of the nation will end up getting better because they would know what is good, and not what gets votes.

Trump has capitulated and said that he will not be firing Powell and that he will remain in charge for the duration of the term, as if Trump ever had the ability to fire Powell. Trump is just a clown and thinks he can rule the US as if he was Putin. As far as Powell, he has been doing a good job in achieving a soft landing until Trump started his tariff plan, and so now we have all this volatility that wasn't part of the scenario that he was contemplating so now he has to deal with that and he isn't convinced that lowering rates is the way to go since we don't know what will happen with inflation once tariffs really start kicking in. Rumors say that in May we will see missing products on shelves already so that may be inflationary, and if Powell cuts then we will have even more inflation. Now Powell is trapped trying to guess what he will do.