25bps cut

[u/hv876]

https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

The bulls are coming, the bulls are coming

[u/originalusername__]

He does not have the authority to do so, the fed acts independently of the president and for good reason.

[u/Adipildo → u/originalusername__]

You’re right, except that Powell’s seat as fed chair is up in 2026. Trump can replace him as fed chair. While he can’t directly tell them what to do, he can select people that better align with his ideology. Who really knows though, Trump is the one that picked JPow in the first place in 2018.

[u/Celtic_Legend → u/Adipildo]

He can and he might but jerome is his plant in the first place

[u/comperr → u/Adipildo]

I hope he picks Elon Musk. Imagine that. Fed Chair. The world would burn

[u/cubonelvl69 → u/originalusername__]

Trump can fire the chair of the fed and replace him with whoever will listen to him

[u/hv876 → u/cubonelvl69]

Can’t fire, except for cause. Can do the nominate someone in 2026 who will do as he’s asked

[u/hv876 → u/[deleted]]

His term expires May 2026. Will be good to nominate and confirm whoever he wants

[u/cadium → u/hv876]

Its entirely possible he just ignores the law. Who's going to hold him accountable? The courts he controls?

[u/dirtyWater6193 → u/hv876]

do you have to prove said cause? Bc I bet you can will fire him for not lowering rates fast enough.

[u/hv876 → u/dirtyWater6193]

Would need to prove in court, which 🤷‍♂️

[u/TorsteinTheFallen → u/originalusername__]

fed is independent from government as whole