Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

ITAL

(1,396 posts)

4. The Chair definitely has sway

Reply to Zorro (Original post)

Wed Jul 16, 2025, 11:53 AM

Jul 2025

But it's a seven member board and I'm pretty sure decisions require a majority vote. So even should Trump be successful in getting rid of Powell, I'm not sure Trump can be assured of interest rates being lowered.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

newdeal2

17 replies

= new reply since forum marked as read

Highlight:

Trump reportedly plans to fire Fed Chair Powell 'soon' as pressure increases on the central bank [View all] Zorro Jul 2025 OP

Good distraction from Epstein newdeal2 Jul 2025 #1

This is about interest rates and the economy in 2026 elections bucolic_frolic Jul 2025 #2

Every financial expert I read or see says interest rates should NOT be lowered. nt allegorical oracle Jul 2025 #13

Trump can fire whomever he wants. Kid Berwyn Jul 2025 #3

SCOTUS specifically said the Fed Chair could not be fired Arazi Jul 2025 #9

Whew! Won't feel better knowing their money is safe. Kid Berwyn Jul 2025 #10

The Chair definitely has sway ITAL Jul 2025 #4

Lots of talk all over, but no action yet. mahatmakanejeeves Jul 2025 #5

Just more taco salad. nt ImNotGod Jul 2025 #6

Tapper is wrong again bmichaelh Jul 2025 #7

I dont think the market will like that move Johonny Jul 2025 #8

Rate cuts will only lead to inflation assuming people have money to spend... WarGamer Jul 2025 #12

Firing the FED chair the first time ever Johonny Jul 2025 #16

The stock market will love it pcdb Jul 2025 #15

High interest rates are a greater tax on the public than tarriffs WarGamer Jul 2025 #11

Yes, I'm sure Powell wakes up every day with the burning desire to keep someone from buying an F150. BannonsLiver Jul 2025 #17

That move will be the guaranteed way... appmanga Jul 2025 #14