J
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Quote:
President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate hike and months of stock-market losses, according to four people familiar with the matter.

Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger will dissipate over the holidays, the people said on condition of anonymity. Some of Trump’s advisers have warned him that firing Powell would be a disastrous move.

Yet the president has talked privately about firing Powell many times in the past few days, said two of the people.

Any attempt by Trump to push out Powell would have potentially devastating ripple effects across financial markets, undermining investors’ confidence in the central bank’s ability to shepherd the economy without political interference. It would come as markets have plummeted in recent weeks, with the major stock indexes already down sharply for the year.

White House spokespeople declined to comment, as did Fed spokeswoman Michelle Smith.

https://www.bloomberg.com/news/articles/2018-12-22/trump-sai...

That would not end well.
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Carl Parsons
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jmilum wrote:


That would not end well.


I'm so tired of hearing these words the last two years. It's exhausting.
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G Rowls
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Anybody surprised? He has bankrupted ever other casino he has run.
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Cris Whetstone
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Of course. High interest rates means less profit for his businesses. More costs for his real estate racket.

It's funny how he's focused on this rather than the damage all the crap he pulls does to his precious stock market.
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Snoo Py
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Per Trump:
“Keeping interest rates low creates a false stock market”
https://www.cnbc.com/2016/09/12/trump-says-fed-chief-yellen-...


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Pontifex Maximus
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WetRock wrote:
Of course. High interest rates means less profit for his businesses. More costs for his real estate racket.

It's funny how he's focused on this rather than the damage all the crap he pulls does to his precious stock market.


What’s almost as funny are those folks basing their hopes on Trump’s anger “dissipating” over the holidays. Now that the last adults are leaving that hope is so whimsical.
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growlley wrote:
Anybody surprised? He has bankrupted ever other casino he has run.


Yeah. That. How did people think he was successful?
Casinos are huge money-makers. What percentage of casinos ever fail? How many of those were Trump casinos?
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Shawn Fox
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Does Trump actually have the power to fire the Fed Chairman?
 
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J
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He does for cause.
 
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Wendell
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Hey, get your stinking cursor off my face! I got nukes, you know.
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jmilum wrote:
He does for cause.


And to add to that, normally 'for cause' would not include 'policy reasons I don't like and actually cost me as an in-debt-up-to-my-ass developer a lot of money' but hey, we're way way the fuck past normal.
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Wendell
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Hey, get your stinking cursor off my face! I got nukes, you know.
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Josh
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It sounds like something who knows. Nothing about tinance might do to 'reassure' people and look proactive.
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Wendell
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Hey, get your stinking cursor off my face! I got nukes, you know.
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Shadrach wrote:
It sounds like something who knows. Nothing about tinance might do to 'reassure' people and look proactive.


Teenager to parent: "Umm, Mom, where do we keep the fire extinguisher?"

Mom: "WHAT!!!"

Teenager: "Umm, no reason, just wondering."
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