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Code Red As Russ Vought Goes After Jerome Powell
The US is venturing into very, very dark waters vis-à-vis central bank independence.
On Thursday,
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Evil really does go all the way to the bone and we don’t have any protection.
And then there’s this gem written for The Hill by Peter Navarro:
https://thehill.com/opinion/finance/5381666-jerome-powell-is-competing-to-be-the-worst-fed-chair-in-history/
What a hit piece.
and i’m sure all the fanclub thinks the reno is tax payer funded! no wonder his wife dumped him last year. remember kids, when you shove toolbags into lockers, you leave them there!
H-Man, I stopped reading after the second paragraph. Powell has committed a crime that will be investigated by the FBI (Patel) and then a decision will be made about a criminal prosecution (Attorney General Bondi). Welcome to POTUS justice. Are fed governors covered by E&O policies so at least the insurance pays for the lawyers?
H-Man, now that I have read the entire article, I am more convinced than ever that these policies are going to send the economy down the same hole those poor bastards in Los Angeles escaped from. But unlike their happy ending, our economy is not going to find an easy way out.
The country is completely out of control. You have this strike on the integrity of the Bank, and then Trump’s insanely irrational tariff attack on Canada today; and what the hell was that with Brazil. Its chaos. Someone, something has got to do something to stop this guy before America implodes – maybe time for the market to engineer a TACO?
I don’t know about others. When I read this article, my BP went up. Pray for Mr. Powell and Separation of Powers in America.
Trump is just a tool, and the perfect really bad, and nasty tool. As a result, Project 2025 is alive and well. And we’re in early innings.
Powell will probably handle the OMB request professionally. He’ll turn it over to the Fed’s lawyers. Any delay will make trump even madder. Trump can’t stand not getting his way, even though he rarely, if ever, considers the adverse consequences, even self-destructive impacts, of his rattle throwing, yelling and spitting. So, yes, H is spot on: Next public step will be Mike Johnson with his nose so brown making sure the House investigates Powell.
Trump is teetering on many edges. He’s avoided accountability for so many immoral and criminal acts. He may suddenly realize the bond market is more powerful than anything he can imagine. Too bad the US will suffer if the powers that be finally start to hold the yellow-bellied sociopath accountable. Certainly not a Greek tragedy if the wannabe ever implodes, scattering rattlers and baby toys, and make-up, for miles. W
I still believe in the fundamental soundness of American institutions. What we need are a few good men to call out the failures of which can be attributed to the bad people occupying them.
Since no one else will say it, I will. Powell is being very selfish and greedy with this unnecessary gravy train renovation of one of the few Federal buildings where actual work is still being done. Surely he recognizes that these funds would be much better spent on erecting (if you can even say that) the finest flagpoles known to man or beast, paving over the White House gardens and splooging more golden baubles onto every remaining square inch of wall space still available in the Oval Office. Powell should be ashamed, but is advised not to contemplate his shame near any Fed windows, renovated or otherwise.