It's Official: We Have a New Fed Chair As Jerome Powell's Long Farewell Finally Comes to an End
(redstate.com)
🏆 - WINNING - 🏆
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Guys, Powell’s term doesn’t end until 2028. Technically he may decide to stay until then, just not as fed chair. It would be unprecedented, but given the times we leave in, not unexpected.
Doesn't matter. All that matters is the interest rate, and now he can no longer unilaterally obstruct Trump's demand that it be lowered. He now has only one vote against it among 12 other members on the Federal Open Market Committee (FOMC).
Homeowners will finally be able to refinance for a reasonable rate, which is desperately needed after such a long period of unbridled inflation leading to an unreasonably high cost of living.
All very true, I’m hoping for a better economy under Warsh. I do hope Powell disappears into the sunset, but it may be better to keep the devil you know instead of getting a devil that you don’t know about.
I have a kitchen to remodel! I need a new driveway, my whole,e house needs to be painted, and my pool is going to need new walls. I can’t afford HELOC interest rates!
Bingo...
I don’t recommend belittling this development. This is huge that’s he’s replaced as the chair. He also has an ongoing investigation into his fraud with renovations. He is neutered and likely soon done. It’s a big ass deal. Trump’s man is in. Bigger deal.
Not belittling it, I do think it’s huge that Powell is no longer the chair. I’m actually excited to see what happens to our economy under Warsh. I just wanted to point out that people should not be surprised if Powell remains on the board.
He is on the suddenly died list.
Any of these new leaders could go into the organization on day one and do a complete spring clean with this one simple trick: All past and current employees were derelict in their duties (per the usual employment agreement vis-a-vis civil rights and ethics) regarding covid and DEI. Hoist the rats by their own petard.
This would cause panic, and the elite cabal would declare open war. Tens of thousands would die, and the stock market would be obliterated. A lot of good companies would go under. That would cost too. President Trump knows this, which is why he is playing the long game, taking incremental steps very slowly. Future proves the past.
https://youtu.be/jsaTElBljOE?si=pxXqri_snrY8Rg8b
Cabal boy out . Next stop Gitmo
Bye, Toolate
He's a long farewell the way Alzheimer’s is a long farewell.
I momentarily confused the reference with "The Long Goodbye" by Raymond Chandler. A strange association.
MOASS LETS FUCKING GOOOOOOOOOO
He ain’t going anywhere.
Hopefully this means interest rates will be dropping soon!
Apparently not. It's not on his radar at least for another year as i hear on fox .
What? I thought he was hanging around a while. Isn’t he on a board still?