Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term expires next month.
Powell’s tenure as chair expires on May 15. Trump’s pick for a replacement, Kevin Warsh, has yet to be confirmed by the Senate and the full chamber. That leaves the potential for Powell to remain in place as chair “pro tempore,” per Fed regulations.
Powell confirmed at a press briefing in March that if Warsh isn’t confirmed by the Senate by May 15, Powell would remain as Fed chair “pro tem” in the interim. “That’s what the law calls for. That’s what we’ve done on several occasions,” Powell said at the time.
the real way out was to not have reagan erra voodoo economics become the way to go.
TBF to Reagan 🤮 it was the Nixon Shock that established the debt-based economy we have today.
Yeah its not like we did not have debt but reagan normailzed it as being fine.
That and Clinton’s nfta. That really killed American manufacturing.
yeah but in regards to debt his party use to be universally against it and he “proved” deficits don’t matter and they switched to against it only if its not us doing it.