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Can Jay Powell Make It Through the Weekend?

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Posted By: Moritz55, 7/12/2025 10:19:50 PM

s the Fed chairman, Jay Powell, going to make it through the weekend? There is talk that he is being forced to resign. President Trump, of course, is on his case daily for not dropping interest rates in line with low inflation. Just a few moments ago, the head of the Federal Housing Finance Agency that regulates Fannie Mae and Freddie Mac and oversees the 11 federal home loan banks, William Pulte, issued a statement, saying: “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”

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Reply 1 - Posted by: NotaBene 7/13/2025 1:30:30 AM (No. 1976802)
It could still turn out the beautiful Tariffs will cause some inflation so Powell is being cautious. That is in his job description.
0 people like this.

Reply 2 - Posted by: FJB 2022 23 24 7/13/2025 3:09:31 AM (No. 1976808)
Not just Trump, multiple ecomomists have held the same opinion about Powell, and he cut rates before the election obviously to try to help Biden. He is a partisan hack who should resign!
8 people like this.

Reply 3 - Posted by: Strike3 7/13/2025 8:20:30 AM (No. 1976894)
If this happens, the stock market will explode through the roof.
4 people like this.

Reply 4 - Posted by: Kafka2 7/13/2025 8:40:30 AM (No. 1976905)
The $2.5 Billion he has spent to redecorate the Federal Reserve office buildings is way over budget. But the Gold toilet seats are sure pretty.
2 people like this.

Reply 5 - Posted by: chagrined 7/13/2025 9:24:45 AM (No. 1976923)
Bravo poster #2. Right on the money! This guy should've been gone yesterday after his blatant displays of partisanship. I just read elsewhere tariffs revenues helped bring in a $27 billion surplus for June as opposed to a $50 billion deficit which the "experts" prognosticated. And better yet, the evil increased inflation didn't occur either! Since other members of the Federal Reserve Board have already indicated a rate cut would be wise, 'ol Powell is still clinging to the Boogey Monster inflation in the closet. Yeah right, Powell! Partisan Hack through and through. Resign already.
1 person likes this.

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Posted by Moritz55 7/12/2025 10:19:50 PM Post Reply
s the Fed chairman, Jay Powell, going to make it through the weekend? There is talk that he is being forced to resign. President Trump, of course, is on his case daily for not dropping interest rates in line with low inflation. Just a few moments ago, the head of the Federal Housing Finance Agency that regulates Fannie Mae and Freddie Mac and oversees the 11 federal home loan banks, William Pulte, issued a statement, saying: “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”
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