Randahl FinkJan 12

Trump is now waging war against his own national bank, The Federal Reserve.

The Chair of The Federal Reserve explains that Trump has subpoenaing him in an attempt to force him to set the US interest rates based on Trump’s feelings rather than economic responsibility.

I really hope this man can hold the fort until The Midterms because if not, the US economy has a really dark outlook.

Show threadDonald RoyJan 12

@randahl

Revealing what has happened is quite a clever move by #jeromepowell . He is giving notice to the financial markets so that lenders can if they wish reduce their exposure to #us bonds . And arguably markets tend to work better when all participants are well informed!

Show threadBruce Heerssen 

@djr2024 @randahl

I think it's more than that. By making such public statements, he is prompting titans of industry to apply pressure to Trump. It's a smart move because those are among the very few people Trump might listen to.

Jan 12 at 6:48pmWeb