taco threatens to fire jay powell as fed chair then backtracks

[moonshinegnomie]

according to a white official senior officials he told a group of fascists that he was going to fire powell,going so far as to show a letter to powell

when the report came out stocks cratered

then taco denied it. stocks rebounded

nothing like a little market manipulation so the uber rich can get even richer

https://www.cnbc.com/2025/07/16/trump-powell-fed-fire.html


dow dropped 300 points quickly then recovered after he denied it.

[FarPoint]

1. As I understand this from when this surface say 3 months ago.....

I believe Powell can not be fired by tRump....stopped in his tracks.....so why resurface such chatter? Distraction from Epstein list?

Supreme Court signals Trump can't fire Fed Chair Powell

The order is a win for the central bank, particularly given the president's longstanding criticism of the Fed chief....

https://www.politico.com/news/2025/05/22/supreme-court-fed-powell-trump-00366526

[snowybirdie]

2. Last week

They tried to find a reason to fire him because he spent too much money redecorating his office. That's a reason to fire him, its not on his financial positions Asshats all!

[Scrivener7]

3. He doesn't have that power. That's not how this works.

[gab13by13]

5. He also doesn't have the power to block funding that Congress approved,

but he did. Krasnov controls the purse strings.

[stopdiggin]

8. which is of course different

from a firing that he cannot achieve. Powell can ( and does) ignore the fat f*** .

And still - story is OLD ..... Water well under the bridge. In more recent (and pertinent) news - we are now on to discussing who will replace Powell when his (legally determined) term expires.

[gab13by13]

9. The only thing stopping Krasnov

from firing Powell is the horrible damage it will do to the markets, and he may not care.

[stopdiggin]

10. won't happen

but if it trips your trigger ..
Go ahead and 'stay on top' of this one ..

- - - - - - - - - - - - - -

[moonshinegnomie]

6. normally he doesnt

technically he can be fired for cause. they are searching for a cause. they are claiming he didnt follow the rules for redecorating fed offices and they will try and use that as teh cause

[gab13by13]

4. Krasnov has done a lot of things that people said he couldn't do.

Krasnov wants those low interest rates to kill the dollar. Krasnov wants to be in charge of the Fed and doing that will kill the dollar, kill the bond market, kill investments in America, all to bolster cryptocurrency.

[moonshinegnomie]

7. which is why as a stock trader i own a small amount of bitcoin and a larger amount of gold