Fed chair Jerome Powell says he'll refuse to leave if asked to resign

[Swordsmyth]

That doesn't jive with the fact that Trump is demanding that they immediately lower interest rates.

Yes it does, he's making an issue of them playing politics with policy.

 

[Swordsmyth]

If Trump eliminates the Fed without Bait and Switch replacing it with something else before this 4 year term is over, I will give @Swordsmyth kudos.
If Trump doesn't eliminate the Fed and/or Bait and Switch replace it with something else before this 4 year term is over, @Swordsmyth will give me $100 in gold and/or silver.

Is it a deal, @Swordsmyth ?

Step right up, who else wants in on this?

LOL

Nice sucker bet you offer there.
I don't gamble, but even if I did I would not take a bag of hot air on your side against solid money on mine.

 

[PAF]

LOL

Nice sucker bet you offer there.
I don't gamble, but even if I did I would not take a bag of hot air on your side against solid money on mine.

But I thought you were so sure? How could you lose? As you can see by my consistency, I'm not like your buddy, I won't Bait and Switch you.

 

[oyarde]

That doesn't jive with the fact that Trump is demanding that they immediately lower interest rates.

Economy is pretty fragile rite now I surmise . Lowering interest rate a bit would increase ousing and auto sales and keep some growt. Not sure if it appens but interesting times

 

[Swordsmyth]

Economy is pretty fragile rite now I surmise . Lowering interest rate a bit would increase ousing and auto sales and keep some growt. Not sure if it appens but interesting times

Your keyboard is dropping it's Hs.
LOL

 

[Invisible Man]

Yes it does, he's making an issue of them playing politics with policy.

He's making an issue of it by doing it himself.

You can't want to eliminate the Federal Reserve and at the same time demand that the Federal Reserve devalue our currency even more than it has already done.

 

[Invisible Man]

Economy is pretty fragile rite now I surmise . Lowering interest rate a bit would increase ousing and auto sales and keep some growt. Not sure if it appens but interesting times

Sure it would. Just like always. This is what every president wants the Fed to do, prop up the GDP until the next guy is in office and let them deal with the resulting inflation.

 

[Swordsmyth]

He's making an issue of it by doing it himself.

You can't want to eliminate the Federal Reserve and at the same time demand that the Federal Reserve devalue our currency even more than it has already done.

Yes, you can.
You set up the argument that nobody can be trusted with the power.
"We can't have unelected 'independent' bureaucrats playing politics and people object to elected politicians using it to play politics, so let's just get rid of it and go back to sound money."

 

[Invisible Man]

Yes, you can.
You set up the argument that nobody can be trusted with the power.
"We can't have unelected 'independent' bureaucrats playing politics and people object to elected politicians using it to play politics, so let's just get rid of it and go back to sound money."

Are you saying he's just pretending to want to do the wrong thing in order to demonstrate that it's wrong?

 

[oyarde]

Fed is never going to get any love from me .I dont particularly think jerome has done a great job. I also have my doubts replacing him w/ anyone currently on board would be an improvement

 

[nikcers]

Are you saying he's just pretending to want to do the wrong thing in order to demonstrate that it's wrong?

Lower interest rates would keep more people employed and help create more jobs.

He is still president and his ability to lead disappears if jobs start to disappear.

People will tolerate the lefts crazy stories but when they are jobless and hungry the pitchforks come out.

 

[Invisible Man]

Lower interest rates would keep more people employed and help create more jobs.

He is still president and his ability to lead disappears if jobs start to disappear.

People will tolerate the lefts crazy stories but when they are jobless and hungry the pitchforks come out.

I get that that's the reason. But you can't be for that at the same time as being for getting rid of the Fed and forcing us to take our medicine now rather than later. It's one or the other. In Trump's case, we know his choice, it's keep the Fed and lower interest rates.

 

[nikcers]

I get that that's the reason. But you can't be for that at the same time as being for getting rid of the Fed and forcing us to take our medicine now rather than later. It's one or the other. In Trump's case, we know his choice, it's keep the Fed and lower interest rates.

He doesn't have authority as president to end the fed. He can want it as much as anyone here wants it.

The fed reports to congress. It's a congressional mandate we don't have a dictatorship.

He doesn't have authority to lower interest rates either. He can try to influence the fed to do it though.

What authority he does have and his role in the executive and what president's are known for is jobs.

How many real jobs can he create which increases employment and causes employers to raise people's wages to compete for labor.

People got real raises under Trump's first administration. Small businesses opened up where they had been empty for years and people could get jobs.

Small business creates the lions share of jobs in our country. They need lower interest rates to keep their doors open.

 

[Invisible Man]

He doesn't have authority as president to end the fed. He can want it as much as anyone here wants it.

The fed reports to congress. It's a congressional mandate we don't have a dictatorship.

He doesn't have authority to lower interest rates either. He can try to influence the fed to do it though.

What authority he does have and his role in the executive and what president's are known for is jobs.

How many real jobs can he create which increases employment and causes employers to raise people's wages to compete for labor.

People got real raises under Trump's first administration. Small businesses opened up where they had been empty for years and people could get jobs.

Small business creates the lions share of jobs in our country. They need lower interest rates to keep their doors open.

He doesn't unilaterally. But he has more power to advance that agenda than any other single person. He is the most powerful single legislator in the nation, and the world. My point is, he doesn't want to. His agenda is the opposite of that.

 

[TheTexan]

Small business creates the lions share of jobs in our country. They need lower interest rates to keep their doors open.

Looks like someone's drank the kool aid

 

[nikcers]

Looks like someone's drank the kool aid

No actually I just remember Ron Paul when he ran for president he was honest about in in 2011.

He said you know, I wouldn't have the authority to end the fed.

He said he would end these forever wars to fix the economy and help balance the budgets.

Trump got elected and ended the war in Afghanistan. He made a peace deal with them.

 

[nikcers]

He doesn't unilaterally. But he has more power to advance that agenda than any other single person. He is the most powerful single legislator in the nation, and the world. My point is, he doesn't want to. His agenda is the opposite of that.

No the only people who have that power are the people. The congress has power of the purse we have separation of powers.

He could stymie the congress with a veto but that would just cause them to check his own presidential power.

That's a fight not worth having. Nobody wins that fight. Only a fool fights while the house is on fire.

 

[TheTexan]

No actually I just remember Ron Paul when he ran for president he was honest about in in 2011.

He said you know, I wouldn't have the authority to end the fed.

He said he would end these forever wars to fix the economy and help balance the budgets.

Trump got elected and ended the war in Afghanistan. He made a peace deal with them.

No, I agree with you that Trump doesn't have the authority to end the fed. He can certainly try to undermine it, but end it? No.

My Kool Aid reference was referring to you thinking that small businesses benefit from the Fed's activities in any way. Of course, if you still believe that after 10 years on this forum, there's nothing I can say to change your mind, and there's nothing you can say to change mine

 

[nikcers]

No, I agree with you that Trump doesn't have the authority to end the fed. He can certainly try to undermine it, but end it? No.

My Kool Aid reference was referring to you thinking that small businesses benefit from the Fed's activities in any way. Of course, if you still believe that after 10 years on this forum, there's nothing I can say to change your mind, and there's nothing you can say to change mine

I learned how interest rates and fed policy influences global markets from Ron Paul.

He has said in the past that money goes where it is welcome.

Therefore people dont invest their dollars when investing dollars isnt profitable.

They hold on to them, they save it under their matress as Ron Paul says in the video with the fed chairman.

When that happens what do you think the small business owners are going to do when nobody spends the money at their small business anymore because it's more profitable to not spend money.

When keeping the business open and the lights on makes you less profits than holding onto cash and putting it under your mattress what do you think people will do?

 

[PAF]

Trump Said He Has No Intention of Firing Fed Chair Powel

By Nandita Bose

WASHINGTON (Reuters) -President Donald Trump on Tuesday appeared to take threats to fire Federal Reserve Chair Jerome Powell off the table after days of intensifying criticisms of the central bank chief over not cutting interest rates.

"I have no intention of firing him," Trump told reporters in the Oval Office on Tuesday. "I would like to see him be a little more active in terms of his idea to lower interest rates," he added.

MSN