seems the fed chair should be someone that knows basic economic concepts like 'how tariffs work' and not someone that will blatantly lie about it because they are a grundle-huffing sycophant trying to appease a moron that does not know basic economic concepts. 🤷‍♂️ crazy idea i know.

I think the Fed’s decision this month on lowering/not lowering interest rates this month will be the deciding trigger. And with inflation at 2.7% and rising, there is no way a legitimate Fed would lower interest rates right now. We are in a barrel at the top of the waterfall.

Is that how open-market capitalism works: the Supreme Leader, in consultation with his “very strong” inner voice, makes all fiscal policy decisions: interest rate levels; currency valuation; prices of eggs, gas, and all other commodities; tariffs with foreign nations; etc.? Worked in Soviet Union.

It isn’t within his power.

The funny thing is it’s REALLY bad for the wealthy.

No you don't. Awful, terrible, downright shitty.

Messing with powers he cannot possibly comprehend.

Welcome to the Turkish Central Bank model. RUN!

Help me understand why markets aren't responding to this Explain it like I'm 8 yo

Keep an eye on the U.S. Bond Market for a truer response.

Had he not TACO'd out this morning, bond vigilantes would have rampaged

"If I'm correct, the gigantic asteroid the size of Eros is going to hit us right here, and destroy everything and everyone, and render the Earth uninhabitable. There's no way to stop it. But if I'm wrong nothing happens." Well, then you proceed as if the guy is wrong.

There's a line in one of the Vlad Taltos books by Steven Brust when he and some allies are trying to figure out a plan to deal with an unfolding conspiracy and Vlad says (paraphrasing):

"Okay, first we assume our opponent isn't a god". His buddy interrupts him with, "Why would we assume that?" Vlad dryly returns: "Because if it is, we already lost".

So Pascal's Theorem for the markets

Maybe Trump Always Chickens Out is already baked in?

He doesn't have to legal authority to do it, so I'm assuming the markets think it won't happen?

SCOTUS ruled that the orange-turd is king.

It has never stopped the King before. Incoming executive order!

Didn't stop him from imposing illegal tariffs, right?

So it goes bsky.app/profile/just...

Really bad.

Thinking of David Bowie’s “Man Who Sold the World”. Transactional “man” will sell out this great country.

He is gonna force us into another Great Depression with his asinine ideas! And that will definitely be the end of him & the GOP. Maybe it ain't such a bad idea! 🥴

No.

Of course he is. He needs to deflect from Epstein Epstein Epstein

If this is surprising, then you’re not taking seriously how they are systematically and intentionally dismantling democracy. This isn’t by chance, this is by design. Wait until Trump nullifies a Democrat’s election, and you’ll get a better understanding of the damage he’s doing.

It would be freaking awesome!! He’s going to destroy all credibility to this government’s fiscal responsibility. He’s nailing his own coffin doing shit like this.

He’s just waving a letter around, for now. #Distraction. 🤞🏼

Leopards gonna eat some faces.

…and we got TACO.

Yes, because we are not mind readers, and most people don't know that much about economics. You do a lot of inside baseball posts where you assume everyone knows what you know. That is wrong. Do better! Otherwise you are just talking to yourself.

Isn’t this a project 2025 goal?

Yup. www.americanprogress.org/article/proj...

What happens if he fires Powell and the benchmark rate gets lowered but banks don’t follow suit?

It's to distract from Epstein

It’s not gonna stop him

Are there adequate or sufficient words in the English language to actually *express* how bad this would be? Because I don't think there are. Not even with the F-bomb.

I know I’m just a dumb poor person, but nothing will convince me that the smart rich people who move markets are not dramatically under pricing the “mad king” risk. We are like 6 months into this shit eventually he’s going to break something bad, you might want to start pricing that in.

"The market can remain irrational" etc. They absolutely are not because they truly believe that somebody will rein things in, and the leopards will not eat their faces. You can hear them saying it in every interview. Jamie Dimon genuinely believes the lunatics won't do it or someone will stop it.

Which is the refrain I hear everywhere, over and over, all the time. "Oh, it's not so bad! And the cooler heads will prevail, just you watch!" Which ones, the ones that just repeatedly ruled the president is above all law? The courts they're just blithely ignoring?

Crash the economy stupid. 🤬🤬

Serious question: Since Fed independence seems to be a big part of the US being the global safe harbor, would firing Powell (or even actually trying) instantly crash the US Economy?

It is theorized that, yes, this is exactly what will happen. Especially with bond traders. Especially.

Cool.* *This is not actually cool.

I mean, just look at what the S&P and Dow did today on the "Senior staffer states" story. Perhaps this was a test leak to see what would happen? But that's my cynical side showing.

Regardless of a firing now or replacement when his term is up, the Fed WILL be chaired by a Trump loyalist. Is it better to happen now or later? Impossible to say, but we should all be thinking about the impact of tariff-driven inflation AND near 0% base interest rates.

It all makes sense if you see that the intention IS destruction. The accelerationists are in charge now.

No. We know it’s bad bad.

Stability is not now appreciated. Chaos needs to be lived through.

Kind of your job?

I’m starting to wonder if the sky is falling messaging is really worth it. Would it really be that bad???? If he’s fired and the sky doesn’t fall the boy that cried wolf trope is definitely in play. Just saying

I understand your point, and I don't necessarily disagree. However, I feel like the risks way out with the "neutrals" here (I personally do not see a 'win' scenario here).

And by "out with" I mean "outweigh".... Gotta proofread better. My apologies.

We know here on Bluesky, but others outside of this bubble may not. Please feel free to elaborate how bad it would be if #Felon47 were to forcibly remove Jerome #Powell, Chair of the #FederalReserve. Who wants to see the collapse of the US #Dollar? Anyone who's not #MAGA?

Plan A is hoping Trump doesn't fuck things up too badly. Plan B is he fucks things up so badly that the nightmare ends.

I used to have this as my pinned post…

I like this. It also makes the horrible days less horrible because they push us closer to better days.

Time to move money to international markets.

He cannot fire the fed chair. Powell has to be removed by the board.

Trump can't do much of what he has already done, then the courts backed him. And even if we assume he won't get away with it, we're not far from J Powell's dangerous replacement

have you met the man?

He legally cannot do it. He can try and fight it out in the courts. Yes, yes, the SCOTUS will give him a win, there's nothing we can do.

He can’t fire him, there’s no legal method to do so, including the Supreme Court concurring that he can’t. It’s a distraction from Epstein files.

SCOTUS rn

For example, there is a carve-out for the Federal Reserve, essentially insulating it from the order. The idea the president could fire members of the Fed has spooked markets. www.npr.org/2025/05/22/n... They said he could fire literally everyone else but not the Fed.

You’re assuming a SCOTUS that operates on things like ‘logic’ and ‘precedent’ when the current court has, multiple times, seen fit to throw both ideas in the garbage when it doesn’t suit their agenda of advancing Republican power generally and/or Trump’s power specifically.

We aren't really talking about "following precedent" in the typical sense though. This decision is from within the last few months and clearly seems like the current sitting SCOTUS signaling they would draw the line at firing the fed chair. But who knows! Shit's fucked.

It would be galling if they do, they just released an option, unprompted, saying he can’t. If they do somehow allow it after all that, they’re completely lawless and illegitimate.

Issuing an order without a lawsuit is pretty lawless.

He also can't impound funds to effecitly abolish entire government agencies. Nonetheless.

Agreed.

According to the article, a Fed chair can be fired “for cause”, and it sounds like the dubious “cause” they’re considering is fancy improvements to the Fed facilities.

The law as written in 2000 allows the federal reserve to manage and fund its own buildings, it’s their decision alone. Of all the made up for cause reasons, they couldn’t have picked a worse one given it’s literally in the law.

Oh, you sweet Summer Child.

That hasn't stopped donnie from simply telling hundreds of people "you're fired" so far and then sending DOGE/ICE to revoke their badge access and change the locks. At this point, the only possible mechanism of appeal is going all the way to SCOTUS.

Have you met the current SCOTUS??

Agreed but they literally just said he can’t. It would be lunacy if they just ignore their own 3 month old opinion. Let’s see, 3rd world country status, here we come.

May I remind you of RvW? Precedence - Shmecedence. For these 6 SCOTUS judges partisanship goes over everything, including the law, precedence and the constitution

Sadly, yes

I wish you didn't, but yes you do.

Yes, say it loud and clear so everyone in your orbit, everyone who listens to NPR Market Watch, hears, even if 95% of them are already in the choir.

Been corrected. The show is called Marketplace. My bad🤦‍♂️.

Marketplace.

Oops.

Wow. Finding a 4th different way to wreck the economy? 1) Tariffs… 2) Expulsion of immigrant labor… 3) Massive government cuts & layoffs…

You need to say on air that if Trump isn't a complete moron and wannabe dictator it sure is funny how he acts indistinguishable from one.

It’s only going to compound Trump’s problems.

You have a trusted voice and platform, so: Yes, please!

Apparently so.

Look. We have 3.5 more years of this guy. The dumbest people alive are advising one of the dumbest public figures that has every existed how to manage the largest economy in the world. The wheels are gonna come off at some point. The plane is not landing this time. Let's just nose in.

If I'm being honest, while I get that this isn't good, an explainer to the details of why would be nice.

Mostly due to the global reaction of directing investment away from the US, the dollar, and Treasuries which is where most of our $30 trillion in debt is. The lack of faith globally in the US financial market could set up reactionary events both short and long term.

Trump fires Powell, US economy craters, global depression ensues (Epstein who now?)

No, because tRump can't fire the Fed Chair

Nobody owns enough gold.

Powell is rejecting Trump’s pressure to lower interest rates on Trump’s loans as inflation is steadily rising and the value of the dollar is weakening. Installing an incompetent person as head of the Fed will do terrible things to the American economy. Trump is going to snap it like a rubber band.

Yes. Yes you do.

I'm converting as much of my money as I can to Euros.

No, because the 10-year-bond market will do the talking for you.

Can the markets "TACO" themselves out of this one? I'm not sure there's that much denial available.

No hyperbole here - it would be an utter disaster. Prepare to pay more for everything.

This will be our fifth structural financial wipeout and we've become exceedingly efficient at it.

But I thought the Fed was different? SCOTUS said so. I mean, precedent, right? Right? When the best case scenario is that John Roberts' stockbroker explains why he shouldn't let Trump do this *one thing*? Ugh.

Wouldn't it be nice if the news would NOT cover the 💩 that spews from the mouth or mouths of the 🍊💩 WH? EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN

Yes, yes you do. People do not realize how big of a 3rd rail this is…

Unfortunately you do

Yes.

Will the markets even blink at this

This might be the only thing that will wake the markets up?

"D" for depression the global kind

Powell’s term is up May 2026. There’s no way to stop Shitler from appointing a lackey who will do whatever he or she is told and the GOP -controlled Senate will confirm. What’s the big deal if this calamity happens 10 months earlier when it’s essentially certain to happen next year?

Trump does not have the authority to fire Powell.

I bet he takes it to his friends, the Shitler Six, in the Common Court and they give him a thumbs up.

Trump already has complete control over Congress and SCOTUS. More power is never enough for him. He will do this as a show of dominance, if nothing else, to refute anyone telling him he can't.

Trumptarded

you’re a journalist, so unfortunately, yes

: ) perfect

The reality TV show that is the USA continues. Season 2, Episode 5,950,255

About to be cancelled...

I keep hoping, but have been disappointed for several years now. The Apprentice is us.

Yes, repeatedly, on any outlet that will guest you.