“Joe Biden had 3 market corrections much bigger than the one Trump is now experiencing and his lasted for months. Biden’s were self-inflicted. Trump is trying to save the planet from a Chinese Hegemony,” Bill Mitchell
President Trump is considering firing Jerome Powell. “I don’t think he’s doing the job, he’s too late, always too late, a little slow.” Reportedly, he can’t fire him unilaterally.
The President believes Powell will leave if he asks him to. Jerome Powell has previously said he can’t demote or fire him or any of the governors. It is not permitted under the law.
Powell wants both parties to work together on it, but the divide is too broad between Democrat socialism and Republican capitalism.
Powell also said the economy is in a solid position.
‼️ JUST NOW: Fed Chair Jerome Powell says the U.S. economy remains SOLID despite ongoing uncertainty.
He could lower rates to spur the economy but isn’t.
Should we END THE FED? pic.twitter.com/NUJDXl94Fq
— Diligent Denizen (@DiligentDenizen) April 16, 2025
Powell won’t cut rates and, in the past, has been late cutting them. President Trump criticized Fed Chair Jerome Powell on Truth Social, urging rate cuts and hinting at Powell’s “termination.” Trump said, “Too Late should have lowered Interest Rates… Powell’s termination cannot come fast enough!” He noted falling oil and grocery prices while claiming the U.S. is “RICH ON TARIFFS.”
Trump referenced the ECB’s expected seventh rate cut, contrasting it with Powell’s inaction. On April 16, Powell warned at the Economic Club of Chicago that tariffs risk higher inflation and slower growth, contributing to a market sell-off. He said the Fed would assess its economic goals before taking action.
Treasury Secretary Bessent is allegedly telling Donald Trump privately that firing him would add more instability to the markets. You can’t take that seriously yet without confirmation.
Just in: President Trump might fire Federal Reserve Chair Jerome Powell:
“Oh, he’ll leave. If I ask him to, he’ll be out of there. I don’t think he’s doing the job. I’m not happy with him. If I want him out, he will be out of there real fast. Believe me.” pic.twitter.com/Y3xHIAipUG
— The Calvin Coolidge Project (@TheCalvinCooli1) April 17, 2025
EJ Antoni points to Powell’s lack of success:
The Fed used to be profitable and send money to the Treasury, but under Powell it has lost more than $225 billion and has been illegally financing the CFPB
Fire Powell for cause! pic.twitter.com/xpZsYopq8C
— E.J. Antoni, Ph.D. (@RealEJAntoni) April 17, 2025
Bill Mitchell blames Powell for the market decline. Powell’s announcements do affect the market.
— Bill Mitchell (@mitchellvii) April 17, 2025
This is who President Trump is supposed to deal with:
ELIZABETH WARREN JUST NOW ON CNBC:
"Trump should not be calling for Powell to lower rates and say he wants him fired. This is hurting the nature of democracy and will ruin the stock market."
Also Elizabeth Warren 8 months ago: pic.twitter.com/mmv3X2Jovz
— amit (@amitisinvesting) April 17, 2025
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He represents the international bankers takeover of the US money system they call the Federal Reserve. I’d like to see the whole Federal Reserve eliminated but not until Congress can get their act together and pass a balanced budget every year. All we get is continuing resolutions. We operate like a nation with a budgetary credit card and the FED is a loan shark credit card company. Not exactly the best way to build wealth.
Powell is a globalist POS domestic enemy. Obviously, he’s going to do everything in his power to damage the U.S. for as long as he’s there. Indict him and fire him.
He’s been working against America First since the time he was confirmed.
“Tenure” is a useful perquisite, but so often it is abused. Guaranteeing a position despite poor performance is insane.
The Peter Principle personified.