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Trump to announce the new Chair of the Federal Reserve Board, this week.

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Ceiling Cat

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The current Chair of the Federal Reserve Board, Jerome H. Powell, will conclude his term on May 15, 2026. There is concern that President Trump may appoint an individual closely aligned with his interests. The hope is that any new appointee will recognize the significant responsibility of maintaining not only the stability of the U.S. economy but also its impact on global markets.

Reducing interest rates solely at the direction of political pressure could lead to severe economic consequences. It is essential that the incoming Chair exercises the same level of responsibility as Powell, potentially implementing only modest, incremental rate adjustments to please Trump.

The other governors on the Federal Reserve Board should serve as a safeguard, ensuring that monetary policy decisions remain independent and are not driven by political influences. Given that the Chair's four-year term will extend beyond Trump's remaining 3.5 years in office, the appointee must resist any attempts to be unduly influence the Federal Reserve's policies. Personally I would like to see another appointee as responsible and resistant to Trump as the outgoing Chair Powell was. It would be a hoot to see the new Chair of the Federal reserve salute Trump as he sails out into the sunset at the end of his presidential term in his sinking ship.
 
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silentkisser

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If Trump fires Powell, the USD will tank, hurting the global economy, but mostly the US. It would be unprecedented. The Fed has a well-earned reputation for not being politically motivated, and doing what is best to tame inflation and sustain the US economy. Stacking the FOMC with his cronies will ruin this... Trump just continues to show he has no understanding of economics or the global economy.
 
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Frankfooter

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silentkisser said:
If Trump fires Powell, the USD will tank, hurting the global economy, but mostly the US. It would be unprecedented. The Fed has a well-earned reputation for not being politically motivated, and doing what is best to tame inflation and sustain the US economy. Stacking the FOMC with his cronies will ruin this... Trump just continues to show he has no understanding of economics or the global economy.
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Tanking the economy doesn't matter to trump, its all about personal power and grift.
That is when he remembers what's going on.

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thehill.com

https://twitter.com/i/web/status/1951892333894779095
 
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jalimon

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Powell is the guard that economists rely on. With a puppet, you will see a short period of high activity (invest!!), then a long and huge crash (desinvest before!!).
 
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silentkisser

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jalimon said:
Powell is the guard that economists rely on. With a puppet, you will see a short period of high activity (invest!!), then a long and huge crash (desinvest before!!).
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The global economic system is built on trust, and Trump has basically done everything he can to erode that trust from the US. Firing the BLS because the jobs numbers didn't jive with his vibe is just the start. Traders around the world rely on unbiased numbers from the US to make decisions on investing, and now you cannot trust whatever comes out of those departments. This will have a ripple effect that could be felt for a loooooong time.

And, if he continues to mess with Powell or the FOMC, you know that currency traders are paying serious attention to this. If the Fed starts cutting rates while inflation is rampant, there is going to be issues...and the Greenback will plummet in value. Which could send us into another global financial crisis. And, instead of traders making horrible bets on mortgages and other debts, it will be a self-inflicted wound by a "stable genius" who is apparently a successful businessman...despite the fact that he's declared bankruptcy six times...
 
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jalimon

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silentkisser said:
The global economic system is built on trust, and Trump has basically done everything he can to erode that trust from the US. Firing the BLS because the jobs numbers didn't jive with his vibe is just the start. Traders around the world rely on unbiased numbers from the US to make decisions on investing, and now you cannot trust whatever comes out of those departments. This will have a ripple effect that could be felt for a loooooong time.

And, if he continues to mess with Powell or the FOMC, you know that currency traders are paying serious attention to this. If the Fed starts cutting rates while inflation is rampant, there is going to be issues...and the Greenback will plummet in value. Which could send us into another global financial crisis. And, instead of traders making horrible bets on mortgages and other debts, it will be a self-inflicted wound by a "stable genius" who is apparently a successful businessman...despite the fact that he's declared bankruptcy six times...
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And not just currency traders. The worldwide credit rating will be affected. And that hurts. But again, Trump will find excuses and blame it on Biden or maybe Biden`s grandma...

Greece paid an extremely high price when the European Union discovered that it had falsified its numbers for years...
 
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richaceg

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silentkisser said:
If Trump fires Powell, the USD will tank, hurting the global economy, but mostly the US. It would be unprecedented. The Fed has a well-earned reputation for not being politically motivated, and doing what is best to tame inflation and sustain the US economy. Stacking the FOMC with his cronies will ruin this... Trump just continues to show he has no understanding of economics or the global economy.
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haven't we heard this before? If Trump wins, he will nuke everyone... his 2nd term, "the economy will tank in 3 months."..
 
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silentkisser

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richaceg said:
haven't we heard this before? If Trump wins, he will nuke everyone... his 2nd term, "the economy will tank in 3 months."..
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LOL

The US economy is tanking. The stock market is not the economy. The economy is GDP, employment figures and inflation, and they are all going in the wrong direction thanks to Mango Mussolini...Now, you might say, "didn't the US GDP go up in Q2?" And you would be right, because consumer spent more. In fact, they spent $150B more on tariffs, while inflation is on the rise....In fact, the US is trending towards stagflation, something that Heir Trump should be very warry about....Especially if he's concerned about his legacy...
 
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Insidious Von

Insidious Von

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I agree with Mr. Sowel, it's between Matt Gaetz or Dr. Death as the next Fed Chair. The King of Kings is making a very strong case for BRIICS.
 
richaceg

richaceg

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silentkisser said:
LOL

The US economy is tanking. The stock market is not the economy. The economy is GDP, employment figures and inflation, and they are all going in the wrong direction thanks to Mango Mussolini...Now, you might say, "didn't the US GDP go up in Q2?" And you would be right, because consumer spent more. In fact, they spent $150B more on tariffs, while inflation is on the rise....In fact, the US is trending towards stagflation, something that Heir Trump should be very warry about....Especially if he's concerned about his legacy...
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I bet you' have graphs to support that.
 
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Ceiling Cat

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silentkisser said:
If Trump fires Powell, the USD will tank, hurting the global economy, but mostly the US. It would be unprecedented. The Fed has a well-earned reputation for not being politically motivated, and doing what is best to tame inflation and sustain the US economy. Stacking the FOMC with his cronies will ruin this... Trump just continues to show he has no understanding of economics or the global economy.
Click to expand...

Powell's term is up in May 2026, there is no way Trump will give him another term. Trump will no doubt appoint a sycophant/crony. This new appointee will have to have the creds to take this office. Hopefully he/she will be smart enough to know that their own reputation is on the line. If he/she blindly follows Trump's will on this matter and sends the country into recession it will be an economic disaster that the whole world will suffer. If the new Chair of the Federal Reserve is a puppet of Trump, I hope the other governors on the board will prevent any economic catastrophes.

Let us all hope that we make it to the mid term elections when Trump loses his powers before he does the most damage.
 
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silentkisser

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Ceiling Cat said:
Powell's term is up in May 2026, there is no way Trump will give him another term. Trump will no doubt appoint a sycophant/crony. This new appointee will have to have the creds to take this office. Hopefully he/she will be smart enough to know that their own reputation is on the line. If he/she blindly follows Trump's will on this matter and sends the country into recession it will be an economic disaster that the whole world will suffer. If the new Chair of the Federal Reserve is a puppet of Trump, I hope the other governors on the board will prevent any economic catastrophes.

Let us all hope that we make it to the mid term elections when Trump loses his powers before he does the most damage.
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You hit the bullseye. Let's fact facts here: The world realizes that the Trump Administration is not fair nor cares about relationships when it comes to economics. They know that Trump's plan is going to cause the US economy to shrink, and will likely lead to a global economic recession...or at least hamper economic growth. Now, with the changes of the BLS (and probably other economic statistics), investors and other governments will not be able to trust the independence and validity of the data the US pumps out. And there is a lot of it that the markets look at and rely on. So, with a new Fed Chair next year....the damage might already be done. And, we'll see where this leads us. Let's face facts, some of Trump's trade and economic advisors had great reputations for understanding the economy....but they've backed his tariff plan (well, concept, because let's face facts, there is no plan...it's just some bullshit that makes no sense) showing they would rather be Trump ass kissers than actually provide good advice and explain how trade works, especially in the current economy.
 
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HungSowel

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BLS does jobs numbers and also CPI. I predict in the near future; 500 million new jobs and -1000% CPI. Interest rates could drop to negative, the US debt would become an asset.
 
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