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Trump Hints At Demoting Jay Powell To ‘Regular Position’, Says He Took Virus Test

"I haven’t made any decisions on that".

"I haven’t made any decisions on that".
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5 comments on “Trump Hints At Demoting Jay Powell To ‘Regular Position’, Says He Took Virus Test

  1. Anonymous

    Doesn’t Trump realise that Powell, as Chairman, doesn’t make unilateral decisions on the rate, or any other action the Fed takes?

  2. Powell is not among the more proactive Fed chairs of the last 40 years. In the past his messaging has definitely undercut his effectiveness.

    That said, given the current crisis situation, his removal (or demotion) will send all of the wrong signals.

  3. Anonymous

    What happens if Pelosi is the incumbent heading into November…?

  4. What are the odds he has actually taken the coronavirus test?

  5. Anonymous

    The odds are 99% he too the test before he said he didn’t. About the same as the odds that his deferments for Vietnam were not credible

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