Trump backs off his threat to fire Jerome Powell , fed chair

[ElmerMudd]

Trump backs off his threat to fire Jerome Powell , fed chair.
Another retreat on one of many threats of being a tough guy. He is backing off tariffs, he is calling the head of China, Xi, a good guy.
The world looks at Trump as a joke, a bad joke. He is changing his mind every day on what he is going to do.

Trump backs off his push to fire Fed’s Powell

Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.

www.bankingdive.com

 

[JLW]

Trump flip flops more than Simone Biles.

 

[d0gbreath]

He's only the tough guy until be gets push back. Then he folds like a cheap suit.

 

[C_Clayton_Jones]

‘Mark Spindel, an investment manager who co-wrote a history of Fed independence, added Trump “got the hint.”

“Firing Jay would be a catastrophic own goal,” Spindel told The Wall Street Journal.

David Wilcox, a senior fellow at the Peterson Institute for International Economics, stressed the importance of keeping the Fed’s independence.

“This is an existentially threatening moment for the institution,” Wilcox told The New York Times. “We may be on the cusp of throwing away an asset that has taken decades to accumulate.”’

Unfortunately, Powell's term ends May 2026 – Trump will no doubt appoint an incompetent toady and sycophant who will do as Trump orders, not what’s best for the economy and country.

 

[Zafira Cherry]

Trump backs off his threat to fire Jerome Powell , fed chair.
Another retreat on one of many threats of being a tough guy. He is backing off tariffs, he is calling the head of China, Xi, a good guy.
The world looks at Trump as a joke, a bad joke. He is changing his mind every day on what he is going to do.

Trump backs off his push to fire Fed’s Powell

Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.

www.bankingdive.com

I heard "ChiComJoe" but this one "takes the cake"

 

[John Edgar Slow Horses]

Powell's attack dog, Goolsbee of the Chicago fed told Trump to back off. In mean no uncertain terms.

 

[frigidweirdo]

Trump backs off his threat to fire Jerome Powell , fed chair.
Another retreat on one of many threats of being a tough guy. He is backing off tariffs, he is calling the head of China, Xi, a good guy.
The world looks at Trump as a joke, a bad joke. He is changing his mind every day on what he is going to do.

Trump backs off his push to fire Fed’s Powell

Less than a week after saying the Federal Reserve chair’s “termination cannot come fast enough,” the president said Tuesday he has “no intention” of ousting the central bank chief.

www.bankingdive.com

Because Trump doesn't think properly about what he's doing. He gets an idea, thinks "this will be great" and goes and does it. Then it all fucks up and he has to keep backtracking.

It's a ridiculous way of trying to run a country.