Trump drops the truth to Powell
Federal Reserve Chairman Jerome Powell is Donald Trump’s latest target “The Truth Bomb” A barrage of his true social platform.
Powell gave a speech at the Chicago Economic Club the day before and was less enthusiastic about the customs strategy for the president’s release day. Powell suggested he had a dilemma:Tam inflation and increase economic growth.
And President Trump said, what? (Speak as it is.)
The president has been Powell’s skeptic for a while, and the world has recalled that today. Trump I was released This fierce truth post:
ECB [European Central Bank] It is expected to cut interest rates for the seventh time, but still too late and wrong, Fed’s “too late” Jerome Powell issued a report yesterday, another, typical, total “confusing!” Oil prices have fallen, food (and eggs too!) has fallen, and the US is rich in tariffs. Too late, interest rates should have dropped like the ECB, but he certainly needs to lower them. Powell’s end can’t come fast enough!
So, Trump wants to cut interest rates now, or perhaps he will fire Powell. So the question is, will Trump actually do that? Powell is basically a lame duck. His term ends in the summer of 2026. So should I make plans for the next guy? That’s not how Trump’s time works. Donald Trump likes to move fast and break things, and the summer of 2026 is forever for him Nearly a midterm election That could threaten Trump’s economy and legacy with a Democrat victory.
So, if you’re a man/female/two mind of betting, you bet that Powell is out, right?
It’s not that fast.
What the Constitution says
Trump may not be able to remove Powell as easily as the head of other agents. This is because the other agency managers are very clear. Executive Agencyexercises enforcement power and therefore falls under the authority of the President. Congress will infiltrate presidential authorities if the president tries to limit when he can remove the head of the executive body.
But does the Fed exercise its executive authority when formulating monetary policy? That’s controversial (read: probably not). The Fed does the constitution assign to parliament Article 1, Section 8, Section 5: “”[The Congress shall have Power . . . ] Earn money, regulate its value, modify the standards of foreign coins, modify the standards of weights and measurements. . . . ”
That suggests The Parliament is in charge of monetary policy Because what the Fed does when setting interest rates is more or less regulates the value of money.
If Breitbart Business Digest is right about this, Congress has more powers than it offers (read: Guarantee) Fixed term For the federal chairman more than other agency managers.
So, What is Trump really doing?? Honestly, it’s hard to say. Perhaps he thinks Powell can bend to his will. He did it before. Perhaps he is laying a truck to blame Powell if there is a long-term economic struggle ahead of him. Or perhaps he would really fire him.
It’s generally wrong to take Trump literally, but we should always take him seriously. He certainly believes his economy is on a stronger footing Low interest ratesand he will take the steps he can legally do to get them.
He doesn’t want to wait for Jerome Powell.
The problem is: Will Trump remain patient or will he try to take action? And what can he actually do if he tries to take action?
Take a look at this space.
John Carney contributed to this report.
