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Lauran's avatar

Cook is dishonest. She is using 2 residences as her personal residence in order to get a better loan rate. She was hired by Biden during a push to have women and minorities in places of power; and has not been honest about her education or her background. You cannot have the smarts to be on a Fed board, and use the excuse that you do not understand paperwork.

The Fed is a useless organization and it is evident that Powell is playing politics with the rate cuts. Because of him, the whole real estate market is troubled, and people are still dealing with astronomical credit card rates. We should have term limits for ALL in positions, and that includes the Supreme Court!

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Dave El's avatar

The FED is disturbing the ponzi real estate market that they created for the purpose of pumping and dumping and enriching the financialists. Powell will eventually do his job and dump it at the end of Trumps reign and it will be blamed on some tokenized scheme that Wall St invents. Rinse repeat

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Michael Peschke's avatar

The FED is a clandestinely founded instititution by the London based international banking cartel (1913). Neither independent nor federal are true. We can currently again observe a great show.

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Kevin Beck's avatar

One point of disagreement I have is that the Federal Reserve Act did not define "for cause," although that term may be used in other federal documents. If it is, then I withdraw my objection.

However, I will note that President Trump is making some incredible moves for someone that his opponents have tried to enforce upon him, like their efforts to de-bank him. After that, I would have never believed he would support the idea of getting rid of the penny, since real coinage is an escape from the banking system.

A final note for the uninitiated: "Incredible" does not mean "wonderful"; it means "not believable".

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Lau Vegys's avatar

You’re right — the Federal Reserve Act doesn’t 'define' “for cause.” It just says:

“Each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President.”

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Michael Schaller's avatar

Trump thinks he knows more than anyone else about everything. He doesn't. Injecting politics this way is a horrible idea. Now Dear Leader wants to move a space company from Colorado because they have mail-in voting. But so does Alabama, the new destination. Logic???? There is none. He needs to be removed under the 25th Amendment. He's more demented than Biden ever was.

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Mr David James Wessel's avatar

You’re pretty sick buddy, bad case of TDS.

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