This is nuts? El-Erian wants Powell to resign in order to *preserve* independence? Completely backward understanding of Trump's MO and how he has behaved toward any institution that doesn't stand up to him.
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This seems like the rationalizations conservatives have been telling themselves for the past 9 years when they know Trump will deliver the immediate result they want through means they despise. It is incredibly short-sighted to place policy at the whims of a child.
jul 23, 2025, 12:28 pm • 0 0 • view
Calling it nonsensical undersells it, this makes me have zero confidence in his ability to actually understand the dynamics at work and thus how to appropriately hedge against risk.
jul 23, 2025, 4:18 pm • 0 0 • view
Confirmed nuts.
jul 23, 2025, 12:20 pm • 0 0 • view
Glad you said it. My first thought was El-Erian had gone senile.
jul 23, 2025, 12:28 pm • 1 0 • view
It’s 2025 and nerds stay handing over their lunch money smdh.
jul 23, 2025, 12:23 pm • 10 0 • view
Beyond not understanding how the Fed functions, this shows a total lack of understanding of how Trump functions. It’s never enough. There is no end to the asks. Do not give an inch ~ or you’ll live to regret it.
jul 23, 2025, 12:30 pm • 5 1 • view
Maybe thought here is if Trump appoints someone in May 2026 who the market considers bad, they're not going to have enough time before Nov 2026 to make unbalancing changes. Appoint them now, they either stand up to Trump, angering him or they crash the bond market such that Nov 2026 is a bloodbath.
jul 23, 2025, 12:42 pm • 1 0 • view
No one that will stand up to him is getting nominated, that’s first term shit.
jul 23, 2025, 6:09 pm • 0 0 • view
Have never been clear what that guy did to deserve his “platform?”
jul 23, 2025, 12:23 pm • 2 0 • view
Was a key contributor to one of the best bond funds in history. Generally his public commentary is milquetoast consensus stuff, this is...not really that.
jul 23, 2025, 12:25 pm • 5 0 • view
There's also a complete misunderstanding of how the FOMC functions throughout the thread, namely that the Fed Chair dictates policy rates when that is just not true.
jul 23, 2025, 12:03 pm • 90 7 • view
I think one thing trumps has shown is that people generally just assumed how things have been working this entire time because most people have acted in good faith and there was no reason to trace all these things out.
jul 23, 2025, 1:46 pm • 0 0 • view
If he was successful at forcing Powell out, I’d expect Trump to then try and go after individual FOMC members or Fed Governors until he controls the rate setting process. bsky.app/profile/trav...
jul 23, 2025, 12:14 pm • 23 1 • view
yup agree
jul 23, 2025, 12:16 pm • 11 0 • view
I have to assume this is a bad actor because he says the next chair to be nominated would help maintain the feds independence, and I don’t believe anyone can actually be that stupid.
jul 23, 2025, 6:08 pm • 3 0 • view
He's a trump enabler trying to engineer some plausible deniability for the day when the inevitable arrives. See related genus: Susan Collins.
jul 23, 2025, 6:30 pm • 2 0 • view
Would call the bluff and force Trump to choose someone almost as reasonable sooner?
jul 23, 2025, 12:08 pm • 0 0 • view
what do you mean
jul 23, 2025, 12:16 pm • 1 0 • view
Trump will have a fire at hand if he chooses unwisely so I am assuming that if Powell resigns, it calls his bluff
jul 23, 2025, 12:37 pm • 1 0 • view
All it does is accelerate him naming a replacement. Also Powell does not share this logic at all.
jul 23, 2025, 12:39 pm • 5 0 • view
Isn’t it a poll of the 12 fed bank presidents ?
jul 23, 2025, 12:11 pm • 0 0 • view
No. Here's an explanation. www.federalreserve.gov/monetarypoli...
jul 23, 2025, 12:15 pm • 3 0 • view
Doesn’t pass stink test; going play some loud music relentlessly or was the other guy
jul 23, 2025, 12:16 pm • 0 0 • view
So who is he listening to, then, instead of the general evidence?
jul 23, 2025, 12:17 pm • 0 0 • view
we need some kind of new slur that's acceptable to use for people like this
jul 23, 2025, 3:53 pm • 0 0 • view
Saw him banging this drum some months ago. Seemed nuts then. bsky.app/profile/toby...
jul 24, 2025, 9:48 am • 10 1 • view
wow, had completely missed that.
jul 24, 2025, 9:55 am • 3 0 • view
I'm still struggling with this idea from @elerianm.bsky.social and Jeremy Siegel. They're very intelligent men and they don't tend to make errors like this. I can't understand why they don't see that if Chair Powell needs to resign then Fed independence is already gone.
jul 24, 2025, 10:28 am • 1 0 • view
But it might work for us
jul 23, 2025, 12:06 pm • 6 0 • view
jul 23, 2025, 12:05 pm • 10 0 • view
A+ meme usage
jul 23, 2025, 3:42 pm • 3 0 • view
Thanks very much.
jul 23, 2025, 3:48 pm • 3 0 • view
she takes off her glasses
jul 23, 2025, 3:48 pm • 3 0 • view
My glasses stay on.
jul 23, 2025, 3:52 pm • 3 0 • view
jul 23, 2025, 3:57 pm • 3 0 • view
Yes I ripped him the other day for that ... Maybe he wants to be the new fed chair...
jul 23, 2025, 4:28 pm • 0 0 • view
El-Erian throws his hat in the ring for next fed chair
jul 23, 2025, 12:36 pm • 4 0 • view
There's a lot of blahblah I could write, but here's the distillation: I manage my family's retirement funds. The last thing I want is Fed instability. I don't trust Bessent any further than I can spit a rat. Dr. El-Erian points to the Group30 site, which is as responsive as sludge.
jul 23, 2025, 4:18 pm • 0 0 • view
..and what am I supposed to read at Group30 to better understand his view? He has not read Timothy Snyder.
jul 23, 2025, 4:18 pm • 0 0 • view
Powell resigns, Trump nominates Jim Cramer, all is fine
jul 23, 2025, 12:28 pm • 4 0 • view
Cramer would make a much less bad Fed Chair than any of the current candidates excluding Waller tbh
jul 23, 2025, 12:29 pm • 8 0 • view
It’s funny how he speaks about Trump in generalized “government criticism” language. He can’t even push himself to name Trump. Elites have fully bent the knee. All while Trump’s approvals tank and his hold on power and cognitive ability fade. All this preening for a wildly unpopular lame duck
jul 23, 2025, 12:11 pm • 66 4 • view
What a capitulator
jul 23, 2025, 2:27 pm • 0 0 • view
He's still a dangerous duck.
jul 23, 2025, 1:12 pm • 4 0 • view
Because if he directly criticises him he'll be targeted with threats and hate immediately and he knows that.
jul 23, 2025, 1:34 pm • 0 0 • view
So he’s a coward calling for others to be cowards. Yes. Agreed.
jul 23, 2025, 1:39 pm • 3 0 • view
They are all just recognising the level of revenge that Trump will inflict. Everyone in Congress feels the same, which is why policies are quietly opposed, but never the man. I feel sympathy for all of them.
jul 24, 2025, 4:00 am • 0 0 • view
Real Neville Chamberlain vibes.
jul 23, 2025, 12:08 pm • 1 0 • view
Exactly, Trump won’t stop, he will just bully the dissenters next
jul 23, 2025, 1:38 pm • 0 0 • view
I'm still undecided on whether El-Erian's take is Peak Economist Brain (derogatory), but it is definitely Peak The Economist Brain (extremely derogatory)
jul 23, 2025, 12:22 pm • 9 0 • view