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If he who can’t be named fires the Fed chairman as he threatens, would that have much impact on our mutual funds? Some here might see this as a buying opportunity.
He can't fire him. It's the usual empty Orange Hot Air.
Yes ... but he's trying to backdoor fire him by asking SCOTUS for the ability to fire "independent agency heads" -- you know he'll bend whatever ruling they give him until it breaks, so I wouldn't be so quick to reject the notion.
If it happens (or he tries) it won't just be mutual funds in trouble, that would probably result in another 'Liberation Day' crash of the markets where all correlations go to 1.
@crash. My brother,,, by now you of all people know he can do whatever he damm well pleases because who can stop him? The courts? The congress? Melania? No, no, and no. He can and he doesn’t care what happens next. Look out below.
@larryB yes, I am duly corrected. Silly me. I was thinking that policies, rules and laws actually matter. This is what deliberately manufactured chaos looks like.
Cutting rates during an inflationary spike due to tariffs would just be all kinds of brilliant.
Which means Donnie will try and name himself Fed Dictator and do just that, because he's such a stable jenius and business expert. After all, 'nobody knows more about' this stuff (or debt) than he does.
And then his vaunted Power Of Positive Thinking life philosophy will kick in, and he'll just tweet louder and expect that in time 'the rates' work it all out and make him look good. Or else he might deport 'the rates' for having anti-American ideas (in his view) ....
Laughing out loud. Started this thread about the possibility of Powell getting terminated by the regime. Added the phrase “ impact on mutual funds” in the title to avoid the purity police. Worked like a charm.
Comments
https://www.cnbc.com/2025/04/17/markets-will-crash-if-trump-can-fire-feds-powell-elizabeth-warren-warns.html
Nothing good can come from this.
If he who can’t be named fires he who can't be fired (without cause or Supreme Court pretzel logic) ...
"Pretzel logic is an expression used to describe someone’s “twisted reasoning.”
https://www.dictionary.com/e/pop-culture/pretzel-logic/
- or -
If it happens (or he tries) it won't just be mutual funds in trouble, that would probably result in another 'Liberation Day' crash of the markets where all correlations go to 1.
There is a new candidate for FED chair position once Powell term expires in 2026.
https://msn.com/en-us/money/markets/trump-wants-powell-out-of-the-fed-waiting-in-the-wings-is-kevin-warsh/ar-AA1Dadpa?ocid=hpmsn&cvid=a716bf975c1d458898da5ac14560bbe2&ei=98
Rumor has it that Scott Bessent may be interested in the same position.
Cutting rates during an inflationary spike due to tariffs would just be all kinds of brilliant.
And then his vaunted Power Of Positive Thinking life philosophy will kick in, and he'll just tweet louder and expect that in time 'the rates' work it all out and make him look good. Or else he might deport 'the rates' for having anti-American ideas (in his view) ....
https://youtube.com/watch?v=m7EJGXa-5Rc