this post was submitted on 16 Jul 2025

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chapotraphouse

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46

DC scuttlebutt - Trump might soon fire Fed Chair Powell. (archive.is)

submitted 1 week ago* (last edited 1 week ago) by InevitableSwing@hexbear.net to c/chapotraphouse@hexbear.net

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[–] LangleyDominos@hexbear.net 13 points 1 week ago

I don't think there's any broader calculus other than he likes debt financing. It's one of his pet things that likes to talk about. He wanted rate cuts much earlier in his first term but the fed rebuked him until 2019 started looking spicy. Then covid game and gave cover to lower rates. Trump didn't even get to enjoy the cuts for most of his term. He wants them much earlier this time and he's not going to wait.