What a colossally bad idea.

[berg80]

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a provision that could make him an “acting” central bank board member, according to a report from The Wall Street Journal.

That plan, which the Journal report described as highly secretive, is part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. In addition, the Treasury Department would be used as an added check and balance to oversee the Fed’s bond-buying activities.

Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration’s goals. While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him.
https://www.cnbc.com/2024/04/26/tru...matically-revamp-the-fed-wsj-report-says.html

The king of bankruptcies wants control over Fed decisions. What could possibly go wrong?

 

[RetiredGySgt]

so secret the press has it, ya that is credible.

 

[Auld Phart]

 

[Lesh]

so secret the press has it, ya that is credible.

Shit like this has a way of getting out.

It’s a spectacularly bad idea

 

[berg80]

so secret the press has it, ya that is credible.

That's all you got? Sad.

 

[berg80]

View attachment 938000

That plan, which the Journal report described as highly secretive, is part of a 10-page document that suggests Trump

 

[Auld Phart]

That plan, which the Journal report described as highly secretive, is part of a 10-page document that suggests Trump

that suggests Trump

nuff said

 

[Harpy Eagle]

so secret the press has it, ya that is credible.

If it turns out to be real, would you support it?

 

[Mac1958]

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a provision that could make him an “acting” central bank board member, according to a report from The Wall Street Journal.

That plan, which the Journal report described as highly secretive, is part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. In addition, the Treasury Department would be used as an added check and balance to oversee the Fed’s bond-buying activities.

Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration’s goals. While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him.
https://www.cnbc.com/2024/04/26/tru...matically-revamp-the-fed-wsj-report-says.html

The king of bankruptcies wants control over Fed decisions. What could possibly go wrong?

They want to put as much as possible under the Boi King's control.

This would be a strongman government. Our Pinochet, our Orban.

 

[HikerGuy83]

If it turns out to be real, would you support it?

Don't support anyone in federal office doing anything more than they absolutely have to.

This would be like the wall.....a colossal failure and another place for both sides to slash at each other.

Nobody can manage a complex economy like ours.

 

[HikerGuy83]

They want to put as much as possible under the Boi King's control.

This would be a strongman government. Our Pinochet, our Orban.

Yes, well our Constitution protects us from this kind of stupidity.

Too bad we don't follow it.

 

[HikerGuy83]

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a provision that could make him an “acting” central bank board member, according to a report from The Wall Street Journal.

That plan, which the Journal report described as highly secretive, is part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. In addition, the Treasury Department would be used as an added check and balance to oversee the Fed’s bond-buying activities.

Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration’s goals. While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him.
https://www.cnbc.com/2024/04/26/tru...matically-revamp-the-fed-wsj-report-says.html

The king of bankruptcies wants control over Fed decisions. What could possibly go wrong?

Did they release the 10 page plan.

Are we talking plan or someone's summary of it ?

 

[MisterBeale]

That's all you got? Sad.

From yoar own link;

". . . Trump campaign officials told the Journal that the draft proposals shouldn’t be considered “official.”

It’s unclear what authority the president would have to take such bold steps on a Fed that traditionally has sought to insulate its activities from outside political pressure.. . . "

OTH? If you were really interested in starting a constructive thread about what they want, and how they intend to achieve those goals, rather than mudslinging and rumors? You could, so could the press. .. but that isn't the goal here, is it?

Playbook | Project 2025

The fourth pillar of Project 2025 is our 180-day Transition Playbook and includes a comprehensive, concrete transition plan for each federal agency. Only through the implementation of specific action plans at each agency will the next conservative presidential Administration be successful...

www.project2025.org

https://static.project2025.org/2025_MandateForLeadership_FULL.pdf

 

[MarcATL]

They want to put as much as possible under the Boi King's control.

This would be a strongman government. Our Pinochet, our Orban.

Can't argue w/you there.

Republicans have always been marching towards the biggest government possible under one "strong" authoritarian ruler.

They've found one in Obergruppenführer Trump.

 

[LordBrownTrout]

Lol, more sophistry and lies. It's like my old geology classes........the data suggests that it may be possible if.......blah blah blah.

 

[Innocynioc]

What is a colossally bad idea is the existence of the Fed. Our founding fathers would weep at the very thought that the USA has allowed its currency to be controlled by a group of hyper rich banks.

 

[berg80]

From yoar own link;

". . . Trump campaign officials told the Journal that the draft proposals shouldn’t be considered “official.”

It’s unclear what authority the president would have to take such bold steps on a Fed that traditionally has sought to insulate its activities from outside political pressure.. . . "

OTH? If you were really interested in starting a constructive thread about what they want, and how they intend to achieve those goals, rather than mudslinging and rumors? You could, so could the press. .. but that isn't the goal here, is it?

Playbook | Project 2025

The fourth pillar of Project 2025 is our 180-day Transition Playbook and includes a comprehensive, concrete transition plan for each federal agency. Only through the implementation of specific action plans at each agency will the next conservative presidential Administration be successful...

www.project2025.org

https://static.project2025.org/2025_MandateForLeadership_FULL.pdf

View attachment 938005

Trump has forgotten, if he ever understood, the reason to aspire to the presidency is to strengthen the republic, not strengthen the power of the office.

 

[Crepitus]

They want to put as much as possible under the Boi King's control.

This would be a strongman government. Our Pinochet, our Orban.

Our Stalin.

 

[Independentthinker]

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a provision that could make him an “acting” central bank board member, according to a report from The Wall Street Journal.

That plan, which the Journal report described as highly secretive, is part of a 10-page document that suggests Trump — if elected — would be consulted on interest rate decisions. In addition, the Treasury Department would be used as an added check and balance to oversee the Fed’s bond-buying activities.

Along with those proposals, the draft contends that Trump could remove current Fed Chair Jerome Powell from office and require that Fed policy be aligned with the administration’s goals. While in office, Trump harshly criticized Powell and his fellow central bankers as they were raising interest rates and reportedly considered ousting him.
https://www.cnbc.com/2024/04/26/tru...matically-revamp-the-fed-wsj-report-says.html

The king of bankruptcies wants control over Fed decisions. What could possibly go wrong?

Well, Biden's Fed has been a complete disaster.

 

[MisterBeale]

Trump has forgotten, if he ever understood, the reason to aspire to the presidency is to strengthen the republic, not strengthen the power of the office.

Thank you for telling me you did not read the policy recommendations, with out saying you did not read them.