Chris Hayes says that if Powell is fired

[senseandsensibility]

it will be the "nuclear version" of the tariffs shocking the market. He ran a clip of Elizabeth Warren saying if Chairman Powell can be fired it will crash the markets, and will make us indistinguishable from any other dictatorship around the world.

Personally, I think he'll keep threatening in hopes of intimidating Powell into lowering rates, but he doesn't have the right to fire him. It is illegal.

[dchill]

1. He's right - she's right.

[MarineCombatEngineer]

2. I'm starting to get a sense that the general population is getting sick and tired of

this criminal org. in the White House and are now starting to push back hard as they are starting to get that the Emperor has no clothes.

[senseandsensibility]

4. From your lips to God's ears

but it's seemed that way before.

[MarineCombatEngineer]

6. Oh, I agree that it's seemed that way before,

but I'm getting a sense that this time it's different, even my RW trucking buddies have had it with the chaos this criminal created.
Time will tell.

[senseandsensibility]

11. Glad to hear about your buddies.

Someone in my very liberal California neighborhood proudly flew a Trump flag proclaiming "Make liberals cry again". It was mildly irritating but most people just ignored it. Well, it came down during the tariff upheaval. Gotta wonder what's going through these maga types' heads and why they're suddenly seeing clearly now. But, better than never I suppose.

[bucolic_frolic]

3. Powell's term is up in about a year

So we need some luck to get out of this pending disaster.

[senseandsensibility]

5. Yikes

That's not good. I didn't realize that his term was up so soon.

[Mike 03]

7. I'm scared to death about this too.

I don't think markets would accept the exit of Powell well either.

[Bernardo de La Paz]

8. Senator Warren was super on CNBC today. Every sentence clear & to the point. A clip would impress even many DU members.n

[senseandsensibility]

12. I think that's the clip Hayes showed

She is so great.

[Irish_Dem]

9. I think if Powell caves and lowers rates, the market will also crash.

The markets will know an insane person is calling the shots.

[senseandsensibility]

13. That's a good point

Either would be bad.

[Bernardo de La Paz]

19. But when he lowers rates to protect jobs, don't say "he caved".

He's unlike to raise OR lower rates for a couple of months, maybe longer.

He has two mandates, by law: 1) Protect against inflation gaining a permanent hold in the minds of Americans, 2) Protect jobs by encouraging economic activity during slowdowns and contractions.

[Irish_Dem]

21. I am talking about him not doing the right thing by following Trump's orders

Of course when someone does the right thing, it is fine.

[Bernardo de La Paz]

22. +1 . . . .nt

[flamingdem]

10. It might be more for the base to distract from inflation

due to tariffs. He hired Powell and probably knows he's competent.

[senseandsensibility]

16. I'm sure he knows he's competent

But as we can see from his other appointments, competency is not always high on his list to put it mildly.

[flamingdem]

17. Lol, I had to think about that after writing

He sure doesn't care about competency. I read that Powell will sue him if he tries to fire him. And he'd probably win. Now that might be the reason!

[avebury]

14. When has anything being

illegal ever stopped from breaking the law. What is there that can actually stop him. The Supreme Court and Congress have given up to much of their power.

[lastlib]

15. Nicolle had a CNBC guy on who said that the Turkish lira.....

cratered when Erdogan appointed a central bank chairman who did his bidding. Although other factors are at work, the Russian ruble is another example of it.

[Sogo]

18. Powell said weeks ago that if TSF tried to fire him, he wouldn't leave, because

TSF doesn't have that authority.

[Bernardo de La Paz]

20. He reiterated it again on Wednesday. . . . nt