« previous next »
Pages: [1]   Go Down

Author Topic: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump  (Read 296 times)

0 Members and 1 Guest are viewing this topic.

Offline libertybele

  • Cat Mod
  • *****
  • Posts: 64,998
  • Gender: Female
Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« on: November 08, 2024, 08:42:03 am »
Ok .... then fire him! 

Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump

 In a media briefing Thursday after announcing a reduction in interest rates, the chairman of the Federal Reserve said he would not resign if asked by President-elect Donald Trump.

Chairman Jerome Powell was asked by a reporter about the possibility of Trump asking him to resign after the stunning results of the election Tuesday.

"No," Powell replied simply.

"Do you think that legally you're not required to leave?" asked the reporter.

"No," he responded.

When asked whether he believed the president had the power to force him to resign, he responded, "Not permitted under law."

Powell was appointed to Fed chair in 2018 by Trump but was criticized by the president for what he saw as poor job performance. In 2019, Powell was similarly asked if he would step down from the position if Trump asked him to resign, and he had the same answer at that time. ...............

https://www.conservativereview.com/federal-reserve-chairman-jerome-powell-says-he-will-not-resign-if-asked-by-trump-2669633083.html
Logged

Online Bigun

  • Hero Member
  • *****
  • Posts: 34,270
  • Gender: Male
  • Resistance to Tyrants is Obedience to God
    • The FairTax Plan
Re: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« Reply #1 on: November 08, 2024, 03:27:13 pm »
Logged
"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 32,403
Re: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« Reply #2 on: November 08, 2024, 03:32:30 pm »
Even if he can't be fired, he can be made irrelevant.  There is nothing dictating that government must cooperate with the Fed.  Balance the budget, and the power of the Fed goes away.  Powell will no longer have any role.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline verga

  • Hero Member
  • *****
  • Posts: 7,502
  • Gender: Male
Re: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« Reply #3 on: November 08, 2024, 03:33:42 pm »
Quote from: Hoodat on November 08, 2024, 03:32:30 pm
Even if he can't be fired, he can be made irrelevant.  There is nothing dictating that government must cooperate with the Fed.  Balance the budget, and the power of the Fed goes away.  Powell will no longer have any role.
:amen:
Logged
In a time of universal deceit - telling the truth is a revolutionary act.
�More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.�-Woody Allen
If God invented marathons to keep people from doing anything more stupid, the triathlon must have taken him completely by surprise.
Pages: [1]   Go Up
« previous next »