Exactly right. All of the chatter and intrigue about Fed Chair Powell getting dumped and replaced is a bit overdone. The Fed acts as a body, not a dictatorship, so just replacing the chair isn't a silver bullet for rate cuts. Also, if that were to actually happen, we'd very likely see rates shoot up similar to the yield spikes we've been seeing from the tariff fallout. It might make for fun drama but the policy implications are much less clear.

Lotta talk about firing Powell to force interest rates lower

Not a lot of talk about how rate decisions are decided by committee and not just Powell singularly 

🤨

fejau

Exactly right. All of the chatter and intrigue about Fed Chair Powell getting dumped and replaced is a bit overdone. The Fed acts as a body, not a dictatorship, so just replacing the chair isn't a silver bullet for rate cuts. Also, if that were to actually happen, we'd very likely see rates shoot up similar to the yield spikes we've been seeing from the tariff fallout. It might make for fun drama but the policy implications are much less clear.
https://x.com/fejau_inc/status/1913618899792548177

Lmfao you're expecting Donald John Trump to grasp nuance and proper procedure ?