Trump's pick to replace Fed Chair Powell could rock your mortgage and retirement. Buckle up

When your audience doesn’t care about hypotheticals and a wall of conditionals, you can publish nonsense like this, they’ll eat it up either way.

Now waiting for the professional haters to comment the usual nonsense.

An interesting and thought-provoking article, and I enjoyed the amusing analogies.

Imagine appointing a second captain midflight because you don't like the turbulence.

The President of the United States cannot fire a Federal Reserve Governor, including the Chair, at will. Federal Reserve Governors are appointed for 14-year terms under the Federal Reserve Act, and may only be removed “for cause” — meaning for legal violations, misconduct, or incapacity. Disagreements over monetary policy or political preferences are not valid reasons for dismissal.

This strong legal protection is a critical element of the Federal Reserve’s independence. While the President appoints Governors (with Senate confirmation) and chooses who serves as Chair or Vice Chair (for 4-year renewable terms), once confirmed, Governors are largely insulated from direct political interference.

Theoretically, a President could request the resignation of a Governor, but if a President attempted to dismiss a Governor or Chair without legal cause, it would almost certainly lead to a constitutional and legal crisis.

In summary, Federal Reserve Governors have strong legal safeguards to ensure that monetary policy decisions are made based on economic data and long-term financial stability, rather than short-term political pressures.

One of you is a billionaire and leader of the free world and the other is a rando sh1t talking on the internet.
Who exactly is the dumbass here?

Humpty promoted Powell and now he is calling him "stupid" and "too slow", what does this make Humpty look like then?

Been busy lately, did he appoint a new Fed Chair?

This guy really talk nonsense and zero IQ/EQ dumbass