Kevin Warsh in a pickle.

Jarod said:
Its clear by almost any economic marker that the Fed needs to raise interest rates in the near future. He got the Job by kissing The PP's ass and the PP has been demanding that they lower them....

Going to be very interesting.
Click to expand...
Trump is now in charge of the Fed. He will determine the interest rates. Powell fought back. I am sure Warsh got the job by ceding his power to Trump. Highly trained and experienced economists will not be permitted to stand up to Trump. Trump has taken over many agencies. Now he has this one.
 
Nordberg said:
Trump is now in charge of the Fed. He will determine the interest rates. Powell fought back. I am sure Warsh got the job by ceding his power to Trump. Highly trained and experienced economists will not be permitted to stand up to Trump. Trump has taken over many agencies. Now he has this one.
Click to expand...
Yes, the Fed chair has power. No, the Fed chair cannot arbitrarily set rates. The FOMC has 12 voting members and a majority is needed.
 
cawacko said:
Yes, the Fed chair has power. No, the Fed chair cannot arbitrarily set rates. The FOMC has 12 voting members and a majority is needed.
Click to expand...
You are aware that Trump has appointed three Governors and now one Chair, meaning he has the majority of the leadership, and I don’t know how the other five are selected but I’d wager if Trump has any influence in the decision he has taken it before now.
 
Jarod said:
Its clear by almost any economic marker that the Fed needs to raise interest rates in the near future. He got the Job by kissing The PP's ass and the PP has been demanding that they lower them....

Going to be very interesting.
Click to expand...
Very interesting

Can not see how a conservative monetarists would agree to raising interest rates when inflation threatens the economy but Trump wants lower rates so shall see if even the Fed is corrupted by Trumpism

I can’t get beyond that during his hearings Warsh refused after several attempts to confirm that he believed Biden was elected President, scary
 
Jarod said:
Its clear by almost any economic marker that the Fed needs to raise interest rates in the near future. He got the Job by kissing The PP's ass and the PP has been demanding that they lower them....

Going to be very interesting.
Click to expand...
Perhaps you are prematurely kneejerking again? That is your pattern.
 
archives said:
You are aware that Trump has appointed three Governors and now one Chair, meaning he has the majority of the leadership, and I don’t know how the other five are selected but I’d wager if Trump has any influence in the decision he has taken it before now.
Click to expand...
Taichiliberal said:
:lock:
Click to expand...

Nordberg said:
Trump is now in charge of the Fed. He will determine the interest rates. Powell fought back. I am sure Warsh got the job by ceding his power to Trump. Highly trained and experienced economists will not be permitted to stand up to Trump. Trump has taken over many agencies. Now he has this one.
Click to expand...
I'm not so sure the Fed board will bow to Trump when it's so clear rates going down soon might tip the US into massive fiscal problems.

Those on the Fed will be listening also to their Wall Street benefactors who should see the danger and not cede to Trump.
 
QP! said:
I'm not so sure the Fed board will bow to Trump when it's so clear rates going down soon might tip the US into massive fiscal problems.

Those on the Fed will be listening also to their Wall Street benefactors who should see the danger and not cede to Trump.
Click to expand...
Yeah, that is what a lot of people believed the Separation of Powers/Checks and Balances would do if Trump overstepped his Executive authority
 
archives said:
You are aware that Trump has appointed three Governors and now one Chair, meaning he has the majority of the leadership, and I don’t know how the other five are selected but I’d wager if Trump has any influence in the decision he has taken it before now.
Click to expand...
Trump also appointed Powell. The Fed isn't Congress where these folks are often just lap dogs.
 
Crepitus said:
3 are tRump appointees, all of them are mere puppets.
Click to expand...
I definitely follow the Fed though I'm certainly not an expert. I'm open to hearing examples of how you feel these folks are puppets. What actions or votes are thinking of when making that statement?
 
cawacko said:
I definitely follow the Fed though I'm certainly not an expert. I'm open to hearing examples of how you feel these folks are puppets. What actions or votes are thinking of when making that statement?
Click to expand...
Help the rich get richer. Seems beyond obvious.
 
Apparently, it does not work that way. Greenspan ran the Fed for a couple of decades. He was in charge; Trump was not crying about Powell because he had no power. Head of the Fed is a big deal.
 
What's so interesting when discussing the Fed and rates is hawks and doves don't fall neatly along partisan lines.

Liberals and conservatives can want lower rates while at the same time other liberals and conservatives can want higher rates.
 
Nordberg said:
Apparently, it does not work that way. Greenspan ran the Fed for a couple of decades. He was in charge; Trump was not crying about Powell because he had no power. Head of the Fed is a big deal.
Click to expand...
If I may ask, who or what are you responding to?
 
You must log in or register to reply here.
Back
Top