Trump vs the Federal Reserve

[MajorRewrite]

As expected by everyone, Donnie and the Clown Show administration are blaming Powell for the downturn in the labor market.

• Trump takes no responsibility for the impact of Trumponomics
• The Fed was ready to reduce the interest rate early this year but changed its mind because of Trump’s TrumpTariff fetish
• Inflation is rising and no sensible person wants to fuel inflation more by cutting interest rates

 

[MajorRewrite]

Oops! Clown Show Treasury Secretary Bessent also committed “mortgage fraud”.

U.S. Treasury Secretary Scott Bessent previously agreed to occupy two different houses at the same time as his "principal residence," Bloomberg News reported, an agreement similar to one President Donald Trump has called mortgage fraud in his unprecedented bid to fire Federal Reserve Governor Lisa Cook.

It’s not really fraud, but it exposes the racist witch hunt attack on Cook for what it is.

 

[whiskeytangofoxtrot]

Oops! Clown Show Treasury Secretary Bessent also committed “mortgage fraud”.



It’s not really fraud, but it exposes the racist witch hunt attack on Cook for what it is.

The accusations trump throws out are baseless. If there were still IG offices it would make a great investigation into some in this administration. Congress is useless and complicit in the lack of oversight.

 

[Hel_Books]

Seems Trump got his rate cut . . .

. . . because unemployment and the business slowdown due to his erratic policies means the economy needs stimulus!

 

[whiskeytangofoxtrot]

Seems Trump got his rate cut . . .

. . . because unemployment and the business slowdown due to his erratic policies means the economy needs stimulus!

He is going to need a lot more to fund his deficits.

 

[ll74]

Seems Trump got his rate cut . . .

. . . because unemployment and the business slowdown due to his erratic policies means the economy needs stimulus!

He bitched about it still.

Lol

 

[MajorRewrite]

Supreme Court says trumped-up charges against a Fed official ain’t gonna fly …

SCOTUS Lets Cook Stay on Fed Board Despite Trump’s Attempt to Fire Her, At Least For Now

The Supreme Court ruled Wednesday to keep fired Governor Lisa Cook on the Federal Reserve Board for now, at least temporarily defying President Trump’s wishes.

In a brief, unsigned order, the Court deferred the government’s application for a stay until after oral arguments in January 2026.

It’s an early indication that the Court’s right-wing majority may be less sanguine about Trump’s indiscriminate firing of Federal Reserve Board members than it has been about his bloodletting at other federal agencies.

That will enrage the misogynist racists.

 

[MajorRewrite]

Once again, the Petulant Man-Baby said he wants to fire Jerome Powell and said Powell has mental problems (more proof that every accusation by Trump is a confession).

“Scott, you've gotta work on this guy,” Trump told Treasury Secretary Scott Bessent at the event. “He's got some real mental problems. There's something wrong with him. It's just ridiculous. I'll be honest, I'd love to fire his a**. He should be fired.”

 

[heathrowinneo]

Once again, the Petulant Man-Baby said he wants to fire Jerome Powell and said Powell has mental problems (more proof that every accusation by Trump is a confession).

All bets are off after next may as to what trump and company will do to the economy if and when Powell is replaced with another sycophant. The push to lower interest rates, the trump battle cry, will add more fuel to inflation. It may lower the national debt servicing but won't help too much for the consumer.

 

[MajorRewrite]

Trump’s probable choice for the next Fed Chairman is a real sycophantic piece of work.

Who is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation

To some of his former peers, however, he has morphed into something far more concerning as an advisor to the president: a political loyalist willing to sacrifice institutional independence—and objective truth—to please his boss.

Yep, Hassett is a mindless MAGA sheep.

Hassett has become a regular presence on cable news, defending Trump’s policy priorities, downplaying unfavorable data, and echoing the White House line on everything from inflation to the legitimacy of federal statistics. Earlier in November, the NEC director insistedthat inflation had “come way down” and that the price trajectory was “really, really good,” even as official data showed that the consumer price index had increased for five consecutive months.

 

[ll74]

Trump’s probable choice for the next Fed Chairman is a real sycophantic piece of work.

Who is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation



Yep, Hassett is a mindless MAGA sheep.

Have you looked at opposing views about the pick?

Spoiler alert : no

 

[MajorRewrite]

Have you looked at opposing views about the pick?

Spoiler alert : no

Spoiler alert: the linked article includes the views of his supporters and critics.

Good job.

 

[ll74]

Spoiler alert: the linked article includes the views of his supporters and critics.

Good job.

Lol...sure it does

 

[MajorRewrite]

Lol...sure it does

You could just read it instead of making an ass of yourself.

And what is your point anyway? This is not a forum with a requirement for sharing opposing viewpoints.

 

[ll74]

You could just read it instead of making an ass of yourself.

And what is your point anyway? This is not a forum with a requirement for sharing opposing viewpoints.

My point is clear
You have as much bias as those you argue with here

You saw what you wanted frin the article, which surprisingly is more support of an opposing view.

And so you posted it

 

[MajorRewrite]

My point is clear
You have as much bias as those you argue with here

You saw what you wanted frin the article, which surprisingly is more support of an opposing view.

And so you posted it

Yes, this is a discussion forum. I posted information that I agree with. Shocking! I forget sometimes that you just like to argue about nothing.

Do you have something to share about Mr Hassett?

 

[ll74]

Yes, this is a discussion forum. I posted information that I agree with. Shocking! https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f606.png I forget sometimes that you just like to argue about nothing.

Do you have something to share about Mr Hassett?

And there is the question .

Here is my question to you - what qualities do you want to lead the federal reserve ?

https://www.economist.com/finance-a...-kevin-hassett-would-lead-the-federal-reserve

 

[heathrowinneo]

Hassett fits right in with the right credentials from conservative think tank. American enterprises institute. The question should be, will he do as ordered by trump to cut interest rates and other orders?

 

[MajorRewrite]

Trump says the new Fed Chair he appoints must lower interest rates in response to the stock market. The stock market isn’t one of the Fed’s two mandates.

“I want my new Fed Chairman to lower Interest Rates if the Market is doing well, not destroy the Market for no reason whatsoever,” Trump said in a social media post Tuesday. “Anybody that disagrees with me will never be the Fed Chairman!”

I wonder if Donnie makes up all the dumb things he says, or if his speech writers think up dumb things for him too?

 

[heathrowinneo]

Trump says the new Fed Chair he appoints must lower interest rates in response to the stock market. The stock market isn’t one of the Fed’s two mandates.



I wonder if Donnie makes up all the dumb things he says, or if his speech writers think up dumb things for him too?

He needs to lower the rates to help with his yuge deficits. Nothing like feeding inflation. And Hassett continues to audition.

 

[MajorRewrite]

The Petulant Man-Baby wants to sue the Fed Chairman. Powell was appointed by …. wait for it … Donald J Trump.

Trump revives threat to sue Powell for ‘gross incompetence’

Trump had earlier this year threatened to bring a lawsuit against Powell, though he did not provide details at the time. The president has fixated on the cost of renovations to Federal Reserve buildings, accusing Powell of allowing the cost to balloon.

But Powell has pushed back on those claims, and the Federal Reserve has published a “Frequently Asked Questions” webpage that notes the project was first approved in 2017 and has been subject to annual budget approval by the Fed’s board of governors since.

Donnie makes threats against Powell and the Fed just before each meeting of the Fed Board.

Trump is probably fixated on the cost of the Fed buildings because the cost of his Imperial Ballroom project is soaring.

 

[Hel_Books]

All bets are off after next may as to what trump and company will do to the economy if and when Powell is replaced with another sycophant. The push to lower interest rates, the trump battle cry, will add more fuel to inflation. It may lower the national debt servicing but won't help too much for the consumer.

Unlikely to lower the interest rates the USA has to pay on its debt. If investors see higher risk because of an irresponsible Federal Reserve (not to mention an irresponsible federal government!) they'll demand a higher interest premium.

 

[ll74]

Great article in SCOTUS Blog about the Lisa Cook case and comparison to the FTC case.

The Supreme Court and whether the Fed is special
By Amy Howe

So where has the court traditionally stood on the issue of the Fed’s independence from presidential control?

The answer is muddled at best – addressed through mere footnotes and with little explanation by the court. One of the early discussions of a special role for the Federal Reserve came – albeit in a slightly different context – in 2018, in a dissent by then-Judge Kavanaugh from a ruling by the full U.S. Court of Appeals for the District of Columbia Circuit in the case of a mortgage lender that had been ordered by the Consumer Financial Protection Bureau to pay $109 million for violations of a federal mortgage law.

 

[MajorRewrite]

The Petulant Man-Baby's retribution campaign …

Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

Powell’s term as Chair ends soon, but he’ll still be on the board if he wants.

Part of me wants Trump to get a sycophantic Fed to see the resulting FAFO, but that would be bad for the nation.

 

[Chadrone]

The Petulant Man-Baby's retribution campaign …

Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

Powell’s term as Chair ends soon, but he’ll still be on the board if he wants.

Part of me wants Trump to get a sycophantic Fed to see the resulting FAFO, but that would be bad for the nation.

"DEMOCRACY BAD!!! REEEEEEEEEEE!!!"

LOL ok Karen.