Trump says he has the right to dismiss fed chairman

[kpitcher]

https://www.marketwatch.com/story/tr...ell-2020-03-14

President Donald Trump’s fury at the Federal Reserve again spilled into public view on Saturday when the president asserted he had the power to demote or even dismiss the central bank’s chairman, Jerome Powell, whom he selected for the role.

“I think I have the right to remove. I have the right to also take him and put him in a regular position and put somebody else in charge. And I haven’t made any decisions on that,” Trump told reporters during a coronavirus briefing at the White House.

Legal scholars say that Powell can only be removed or demoted “for cause” and that this must involve something more serious than a disagreement over policy.

But the picture is a bit muddied because a novel legal theory arguing that a president should have more power over independent federal agencies such as the Fed has become popular among some of the new conservative judges appointed to federal courts by Republicans including Trump.

Trump wants more control over everything, surprise surprise. The self described king of debt wants more easy money flowing. He's actually pushing for negative rates.

[Swordsmyth]

Ending the "independence" of the Fed is a good thing in and of itself.
And it's a step towards ending the Fed.

[TheTexan]

Just appoint someone to be his boss. The chairman gets to keep his job title, he would just be reporting now to a super-chairman.

[Anti Federalist]

So Trump is unhappy with who was originally an Obama appointee to the Fed board, Jerome Powell?

And he is considering replacing him with (so scuttlebutt says) Judy Shelton, a gold bug, a Fed skeptic, a supporter of private currency and "Liberty Dollars" founder Bernard von NotHaus (of which I still have 5 Ron Paul 2008 $20 Silver Rounds delivered one week before the Fed raid) and a woman that Ron Paul himself calls "remarkable", that Trump appointed last year.

Ron Paul
June 11, 2019 ·

Judy Shelton's recent interview with the Financial Times is nothing short of remarkable. Her comments represent the most substantive attack on the Fed, and central banking generally, by any potential nominee to the Fed board in recent history.

She not only challenges how Jerome Powell and Fed officials conduct monetary policy, but whether they can conduct it competently at all!

But because !!Orange Man Bad!!, this is now a bad thing, to be discouraged and mocked.

SMMFH...

[Warlord]

LOL Wall Street calls te shots. Someone forgot to tell him. They need their bailout.

[shakey1]

They all start out as fed skeptics.

[acptulsa]

But because !!Orange Man Bad!!, this is now a bad thing, to be discouraged and mocked.

SMMFH...

Trump says he wants the printing presses working overtime stimulating stimulating stimulating with trillion dollar bills until we all need 1000% raises just to keep our wages a little behind inflation. But because !!Orange Man GOD!! formerly sane members are ignoring what dribbles out of the man's own mouth in favor of more favorable Wikipedia scuttlebutt.

SMMFH...





Spin team vowing that Wikipedia scuttlebutt is valid because Orange GOD is a pathological liar trying to mislead The Deep State (TDS © 2016) in 3... 2...

[vita3]

Faster printing machines!! Faster

[acptulsa]

..

[Krugminator2]

So Trump is unhappy with who was originally an Obama appointee to the Fed board, Jerome Powell?

And he is considering replacing him with (so scuttlebutt says) Judy Shelton, a gold bug, a Fed skeptic, a supporter of private currency and "Liberty Dollars" founder Bernard von NotHaus (of which I still have 5 Ron Paul 2008 $20 Silver Rounds delivered one week before the Fed raid) and a woman that Ron Paul himself calls "remarkable", that Trump appointed last year.

Ron Paul
June 11, 2019 ·

Judy Shelton's recent interview with the Financial Times is nothing short of remarkable. Her comments represent the most substantive attack on the Fed, and central banking generally, by any potential nominee to the Fed board in recent history.

She not only challenges how Jerome Powell and Fed officials conduct monetary policy, but whether they can conduct it competently at all!

But because !!Orange Man Bad!!, this is now a bad thing, to be discouraged and mocked.

SMMFH...

It should be mocked. Having Larry Kudlow, Art Laffer, Steve Moore, Judy Shelton gold people are the exact wrong people to have calling shots right now. I like them when times are good but when times are bad tax cuts are their answer to everything. Right now, it is time listen to the guy who literally wrote the book on the Great Depression.

These supply siders are usually right that things are rainbows and gum drops and rivers flowing with chocolate but this is end times right now. But it hasn't him home for 95% of the country yet.

Watching these buffoons like McConnell dither with this and Kudlow pushing proposing payroll tax cuts just remind of this Cramer clip from the beginning of the mortgage crisis in 2007.

[Origanalist]

So Trump is unhappy with who was originally an Obama appointee to the Fed board, Jerome Powell?

And he is considering replacing him with (so scuttlebutt says) Judy Shelton, a gold bug, a Fed skeptic, a supporter of private currency and "Liberty Dollars" founder Bernard von NotHaus (of which I still have 5 Ron Paul 2008 $20 Silver Rounds delivered one week before the Fed raid) and a woman that Ron Paul himself calls "remarkable", that Trump appointed last year.

Ron Paul
June 11, 2019 ·

Judy Shelton's recent interview with the Financial Times is nothing short of remarkable. Her comments represent the most substantive attack on the Fed, and central banking generally, by any potential nominee to the Fed board in recent history.

She not only challenges how Jerome Powell and Fed officials conduct monetary policy, but whether they can conduct it competently at all!

But because !!Orange Man Bad!!, this is now a bad thing, to be discouraged and mocked.

SMMFH...

I guess you missed the part about Trump appointing him and the reasons he's upset with him. I don't see this a having anything to do with Judy Shelton and I'm not sure why you do. Trump considers anything and everything it seems like but the gold standard is hardly the direction he seems to be headed.

[kcchiefs6465]

So Trump is unhappy with who was originally an Obama appointee to the Fed board, Jerome Powell?

And he is considering replacing him with (so scuttlebutt says) Judy Shelton, a gold bug, a Fed skeptic, a supporter of private currency and "Liberty Dollars" founder Bernard von NotHaus (of which I still have 5 Ron Paul 2008 $20 Silver Rounds delivered one week before the Fed raid) and a woman that Ron Paul himself calls "remarkable", that Trump appointed last year.

Ron Paul
June 11, 2019 ·

Judy Shelton's recent interview with the Financial Times is nothing short of remarkable. Her comments represent the most substantive attack on the Fed, and central banking generally, by any potential nominee to the Fed board in recent history.

She not only challenges how Jerome Powell and Fed officials conduct monetary policy, but whether they can conduct it competently at all!

But because !!Orange Man Bad!!, this is now a bad thing, to be discouraged and mocked.

SMMFH...

Orange man wants negative interest rates and Quantitative Easing.

That is why he wants to remove Powell.

If he did remove him, he would ‘promote’ a replacement in the image of Ben Bernanke.

[kcchiefs6465]

Right now, it is time listen to the guy who literally wrote the book on the Great Depression.

I agree 100%.

[CCTelander]

So Trump is unhappy with who was originally an Obama appointee to the Fed board, Jerome Powell?

And he is considering replacing him with (so scuttlebutt says) Judy Shelton, a gold bug, a Fed skeptic, a supporter of private currency and "Liberty Dollars" founder Bernard von NotHaus (of which I still have 5 Ron Paul 2008 $20 Silver Rounds delivered one week before the Fed raid) and a woman that Ron Paul himself calls "remarkable", that Trump appointed last year.

Ron Paul
June 11, 2019 ·

Judy Shelton's recent interview with the Financial Times is nothing short of remarkable. Her comments represent the most substantive attack on the Fed, and central banking generally, by any potential nominee to the Fed board in recent history.

She not only challenges how Jerome Powell and Fed officials conduct monetary policy, but whether they can conduct it competently at all!

But because !!Orange Man Bad!!, this is now a bad thing, to be discouraged and mocked.

SMMFH...

Whut, WHUT?!?

It couldn't possibly be the FACT that Trump's been bitterly bitching and moaning for quite some time now that the fed hasn't been doing ENOUGH stimulus or dropping interest rates quickly and low ENOUGH (which in no reasonable mind would imply that he's poised to replace Powell with someone like you describe Shelton to be).

Oh no. It MUST BE "because !!Orange Man Bad!!".

Your objectivity on this seems to be seriously compromised.

[devil21]

So Trump is unhappy with who was originally an Obama appointee to the Fed board, Jerome Powell?

And he is considering replacing him with (so scuttlebutt says) Judy Shelton, a gold bug, a Fed skeptic, a supporter of private currency and "Liberty Dollars" founder Bernard von NotHaus (of which I still have 5 Ron Paul 2008 $20 Silver Rounds delivered one week before the Fed raid) and a woman that Ron Paul himself calls "remarkable", that Trump appointed last year.

Ron Paul
June 11, 2019 ·

Judy Shelton's recent interview with the Financial Times is nothing short of remarkable. Her comments represent the most substantive attack on the Fed, and central banking generally, by any potential nominee to the Fed board in recent history.

She not only challenges how Jerome Powell and Fed officials conduct monetary policy, but whether they can conduct it competently at all!

But because !!Orange Man Bad!!, this is now a bad thing, to be discouraged and mocked.

SMMFH...

My view and outlook is different than other's.

It's not that it's bad, per se, it's that it's planned and scripted by those same people, so no it is not "good" since they will then have the power to introduce the next iteration, which will be even worse than the current iteration they're doing away with.

Central banks are stocking up on gold. Fully trackable central bank cryptocurrency has been introduced. What do you think the offered "solution" to the created "problem" will be?

[oyarde]

https://www.marketwatch.com/story/tr...ell-2020-03-14



Trump wants more control over everything, surprise surprise. The self described king of debt wants more easy money flowing. He's actually pushing for negative rates.

Actually he can , easily and all of them for cause because there is no way to prove they are meeting the criteria set forth . I would have dumped them all and locked it out to be revisited later ( or not ) .

[Anti Globalist]

I wish Trump could just dismiss the Fed entirely.

[RonZeplin]

Orange Socialist Bad

[nobody's_hero]

Quick! Time for the Federal Reserve to put on it's "private institution" mask and play untouchable.

[r3volution 3.0]

Well, Trump's cheering today's move to ZIRP and (more) QE, among other zombie-subsidy-policies announced, but, judging by stock futures tonight (lock limit down), that detente might last about 5 minutes into tomorrow's open, and we might have Trump calling for a new chairman who, unlike Powell, is unwilling (so he says anyway) to buy stocks or junk bonds directly, which is probably the next big step.

Gee I hope Trump wins so we don't have a socialist government take control of the economy...

[BortSimpson]

https://www.economicpolicyjournal.co...nt-fed-to.html

[PAF]

“Hope, it is the only thing stronger than fear. A little hope is effective, a lot of hope is dangerous. A spark is fine, as long as it's contained.“

The key to all of this is educating the dumbed down republicrats throughout the land. No fire-sides, no tweets, no tv episodes to explain to the people, games of musical chair won’t solve a thing.

Most of the folks in this thread get it, AF, though I do understand your frustration, and hope. Spend time talking to the next gen about the Fed, how things really work, how it’s really controlled, that’d be your best bet ;-)

[Anti Federalist]

Whut, WHUT?!?

It couldn't possibly be the FACT that Trump's been bitterly bitching and moaning for quite some time now that the fed hasn't been doing ENOUGH stimulus or dropping interest rates quickly and low ENOUGH (which in no reasonable mind would imply that he's poised to replace Powell with someone like you describe Shelton to be).

Oh no. It MUST BE "because !!Orange Man Bad!!".

Your objectivity on this seems to be seriously compromised.

Look, I have no idea for sure who he'll appoint, all I know is the name has been floated out there, and this woman is an appointee of Trump's.

Why are libertarians so goddamn afraid of success?

Who cares why?

This is $#@!ing war, we're on the verge of appointing a full blown, old timey commie to the highest office in the land.

Any victory is a victory, regardless how earned.

With just a little push, with just a little cajoling from Rand, you could have a Ron Paul clone at the CHAIR of the fed reserve board.

A for real, gold is money, end the fed, solid money patriot...and it's still no good to contrarians, Eeyorians and leftarians who never really gave a $#@! about shutting down the fed.

For chrissake, some people would complain and be contrary if Trump appointed Ron Paul himself.

[Anti Federalist]

I guess you missed the part about Trump appointing him and the reasons he's upset with him. I don't see this a having anything to do with Judy Shelton and I'm not sure why you do. Trump considers anything and everything it seems like but the gold standard is hardly the direction he seems to be headed.

I had read somewhere that he was considering her as a replacement.

The nooz is coming fast and furious now, so I can't say for sure where.

If in fact he is not, then I'll retract it all, punt and start over.

[Origanalist]

I had read somewhere that he was considering her as a replacement.

The nooz is coming fast and furious now, so I can't say for sure where.

If in fact he is not, then I'll retract it all, punt and start over.

I'm like you and just playing it by ear, how it all ends in a few years time will tell. My optimism has reached it's limit is all I can say.

[Anti Federalist]

I'm like you and just playing it by ear, how it all ends in a few years time will tell. My optimism has reached it's limit is all I can say.

Well, figure it's gotten about rock bottom if I'M complaining about negativity.

[Origanalist]

Well, figure it's gotten about rock bottom if I'M complaining about negativity.

Indeed.

[Swordsmyth]

Whut, WHUT?!?

It couldn't possibly be the FACT that Trump's been bitterly bitching and moaning for quite some time now that the fed hasn't been doing ENOUGH stimulus or dropping interest rates quickly and low ENOUGH (which in no reasonable mind would imply that he's poised to replace Powell with someone like you describe Shelton to be).

Oh no. It MUST BE "because !!Orange Man Bad!!".

Your objectivity on this seems to be seriously compromised.

I had read somewhere that he was considering her as a replacement.

The nooz is coming fast and furious now, so I can't say for sure where.

If in fact he is not, then I'll retract it all, punt and start over.

I'm like you and just playing it by ear, how it all ends in a few years time will tell. My optimism has reached it's limit is all I can say.

Gold Surges After Trump Nominates Gold Standard Advocate Judy Shelton To Fed Board

[nobody's_hero]

Look, I have no idea for sure who he'll appoint, all I know is the name has been floated out there, and this woman is an appointee of Trump's.

Why are libertarians so goddamn afraid of success?

Who cares why?

This is $#@!ing war, we're on the verge of appointing a full blown, old timey commie to the highest office in the land.

Any victory is a victory, regardless how earned.

With just a little push, with just a little cajoling from Rand, you could have a Ron Paul clone at the CHAIR of the fed reserve board.

A for real, gold is money, end the fed, solid money patriot...and it's still no good to contrarians, Eeyorians and leftarians who never really gave a $#@! about shutting down the fed.

For chrissake, some people would complain and be contrary if Trump appointed Ron Paul himself.

^Give that man a mic to drop.