YELLEN: “.. Trump’s attempted sacking of Cook should be met with outrage, not with shrugs. .. And the financial community must raise its voice against a direct assault on the credibility of the dollar itself.” @financialtimes.com www.ft.com/content/d2ea...
Imagine thinking that members of the “financial community” are going to speak truth to power rather than use the changing conditions to try and enrich themselves. 😂
Right, they don't give a crap as long as they get their tax cuts and regulations rollbacks.
JY isn't wrong It's only a question of when, and how bad...
The financial community is either terrified of Trump, or more likely secretly cheering on the attacks in anticipation of scooping up some gains. Doesn’t look like we will get any pushback from these soulless, moral-free douchebags. Shocker!
Little old lady Yellen has bigger balls and more brains than every loud-mouth self-aggrandizing “businessman” that CNBC puts on air.
ANYTHING Trump favors strains credibility. He has one loyalty: to himself. Not to any woman (married X 3, philanderer X ?) coworkers, employees, or underage girls. Especially not to the US Constitution. He’s a mob boss.
Most of the financial community is retarded and has no depth of understanding of civics or history. The wealthy should demand more credible and intelligent advice.
Clearly an EPSTEIN distraction tactic. It will unfortunately (like all of his asinine actions) play out in court. Ms. Cook will prevail.
They’re going to pretend everything is ok until the last possible second
The so called “financial community” is only concerned with very short term profits. Whatever event arises, they do not question whether it is good or bad, but simply how to make money from it.
Stockholder value > country
Can't wait to watch SCOTUS wriggle out of this one. It'll be some olympic level knot-tying.
Americans have outrage, American leaders need to be outraged.
Market players love Trump. Love 'em..! They don't care how many 8 yr olds are shot and killed while in church. They don't care how many 10 yr olds are shot and killed while in church. All they care about is market up.
Yellen basically asking for bond vigilantes to step in
That’s how media should be referring to it… “attempted firing”
She should tell him to fuck off!!!! He’s not the Boss of her!!!!😂😂😂🖕🖕🖕🖕
Annnd they won’t. Moneygrubbers are celebrating the stock market
If policy-illiterate on trade and tariffs, one can only imagine how little Trump knows about monetary policy and how much damage he could inflict on our economy in general and the dollar in particular.
From Yellen herself. Yikes
What credibility? That boat has sailed.
I’m in the middle of Yellen’s “Empathy Economics” and I think she’s brilliant, but…if you’re David Solomon, Jaime Dimon or Ken Griffin, you don’t give a shit about long term issues like democracy, rule of law, separation of power, fed independence, FDIC solvency, SEC enforcement…next quarter only.
The reaction so far has been market support for Trump's destroying Fed independence.
Unfortunately the financial community has also fallen to the Trump mass psychosis. They know what he's doing is bad for them and the country but they're foolishly hoping that he doesn't do it. He will fire Powell and within a few days they'll move on. Markets will drop and then recover.
What US credibility? I don’t think that exists anymore.
Everyone thought the “financial community “ could prevent a total slide into dictatorship. Guess what? They won’t because they figured out how to make more money. We are doomed without a financial and market crash.
Yep. Just like we thought the media might raise a little stink about authoritarianism.
Yep, Yellen has credibility
> And the financial community must raise its voice Like the media, the magnates of industry will yawn, roll over and go back to sleep.
Well, not saying I disagree, but she obviously would say that.
Republicans hate Yellen.
The justice system is too slow. The finance community needs to start speaking truth to Trump now!
The headline could also read: Trump threatens U.S. credibility.
archive.ph/nLGVV
Their silence is deafening and yet another awakening. They (Wall Street, big banks, elites) are complicit. This is ok, so far, apparently--mercurial-roulette tariffs, unprecedented and illegal moves to take over the Fed, extorting businesses and universities, govt purchase of US co. stocks, etc. OK.
Save America and our future! Stop thinking that guns in the hands of domestic terrorists makes anything safe! Vote every last conservative out!
They won't. They're all fucking cowards. They believe they can keep their heads and keep all their wealth and power after riding this out.
And the blistering irony of Yellen talking about courage, after she bent over and barked for the techbros in the aftermath of the SIVB debacle...
Problem is the majority of finance bros are fascists.
Stocks at new highs, yields falling, Vix bottoming - the only fear in this market is the fear of missing out. A great background for Donnie's shenanigans.
We all know Cracker Barrel is the problem