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applegrove

(130,365 posts) Sun Jan 11, 2026, 09:41 PM 10 hrs ago

As Powell leaves the fed and Trump replaces him with a toady,

inflation will get worse.

Itâ€™s hard to find ideas that 99% of economists will agree on, â€œinflation will get worse if the central bank stops being independent and starts setting interest rates based on the short term whims of the presidentâ€ is one of them
— Joey PolitanoðŸ³ï¸â€ðŸŒˆ (@josephpolitano.bsky.social) 2026-01-12T00:29:41.546Z

3 replies

= new reply since forum marked as read

Highlight:

As Powell leaves the fed and Trump replaces him with a toady, (Original Post) applegrove 10 hrs ago OP

Powell isn't leaving the Fed Fiendish Thingy 9 hrs ago #1

Woohoo!!! BigmanPigman 9 hrs ago #2

A majority on the Fed doesn't necessarily have to vote with the new Chair. no_hypocrisy 2 hrs ago #3

Fiendish Thingy

(22,091 posts)

1. Powell isn't leaving the Fed

Reply to applegrove (Original post)

Sun Jan 11, 2026, 10:35 PM

9 hrs ago

His term as chair ends in May, but he will still remain a member of the board, which is probably why Trump and Bondi are ramping up the attacks on him, to try and force him out so Trump gets to appoint two seats, which IIRC, would create a majority of Trump appointees at the Fed.