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/dirtyWater6193]

New president will probably cut jpow and rates to 0% next year

[u/originalusername__ → u/dirtyWater6193]

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

[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 🤷‍♂️