Quote from: EarnOnVictor on August 27, 2025, 10:37:51 AM

I thought he didn't have the power to remove the FED Chair and the FOMC/Board member until Trump proves he does. It's all about taking it legally or by hook or by crook. Trump has always been known to be a shameless authoritarian pretending to be a democrat, and his antecedent precedes him. He is using nothing but blackmail.

Adriana Kugler's resignation would have been thought to be the end, but I guess Triump had a deeper motive. I believe the governors are being blackmailed to resign silently, and if any of them is too stubborn, such might be confronted, which was what I think happened to Lisa Cook recently on the mortgage fraud claim. He attempted the same on Jerome Powell too. Any of these governors who didn't have a clean record will surely be a victim, just for him to take over the FED.

You are right, unless there is a valid reason such as wrongdoing, Trump cannot simply fire Fed Chair Powell or any other Board governor. They are protected by the law & judges are prepared to enforce that. In the event that Trump attempts to remove Powell, the courts are preparing for a confrontation.

Nah, there is no evidence that governors are being forced to resign through blackmail. With effect from Aug 8, Adriana Kugler resigned voluntarily, the majority of the coverage attributes this to professional reasons rather than coercion.

you know, Sen Kennedy & legal experts have openly defended Fed independence, confirming that Trump lacks legal support for firing Powell.

Political pressure is increasing, though as Trump seeks to appoint regional leaders & fill vacancies on the Board with his preferred candidates in order to sway Fed policy. That is risky however it is not the same as firing employees.

yeah,, Trumps strategy is aggressive & destabilising however the Fed has not given up power. Investor trust still depends on independence.