From Newsgroup: alt.politics.usa


A lot has happened since then regarding the debate over the presidentrCOs power to fire independent regulators, the bottom line of which is that
the Supreme Court ruled that a president can get rid of them based on
his own whims, with the exception of the Fed chair, because the Fed is a special case. The special case being that the worldrCOs economy really
depends on America maintaining a central bank free of political pressure
that could be used to hurt other nations. Even the SCOTUS justices donrCOt want to see their retirement funds go up in smoke.

Trump buddy Viktor Orb|in politicized HungaryrCOs central bank by
installing his cronies. The result was that inflation in the country
went from 10 percent to 86 percent in two years. If that happened here, Democrats might very well win 400 House seats in the midterms.

https://www.wonkette.com/p/fed-chair-jerome-powell-to-donald

Trump is badgering Powell for personal reasons so his assets will
increase in value. You might say it is similar to his inflate-deflate
game for which he was prosecuted. Just a very greedy bastard!

The other reason is, he has screwed up the economy with his tariffs so
wants to sugar coat it with lower rates. Money will start flowing again, another tactic for the midterm elections. The only problem with that is
the business community will lose confidence in the banking system
because the president is personally interfering in the monetary policies
of the Central Bank.

Historically, he has been very strong on bankruptcies, he gets A+ on
that matter.



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