You know what powell is thinking this morning..... "This is hogwarsh!"

Ol dad

You have to wonder why a guy that's in his 70's doesn't retire, especially when he's not wanted.

He has TDS as bad as the other yo yo's, plus preventing DJT from making any more progress on the economy if he can help it. Lots of perks of the job plus the funds he is most likely funnelling away for his retirement. He needs to milk it as long as possible.

I want to see rates dropped to negative, housing prices soar and inflation to get out of hand again while the govt increases spending. We need to get rid of Powell asap...

Then the Fed can print money and buy all those U.S. treasuries that pay negative rates.

P.S. and all those Mortgage backed Securities too.

Interesting time for the announcement

Seems like it would be better to announce after the bell on Friday,,,,

Wonder what they’ve got in store for us, this weekend???

I may be odd man out here, but Im not sure I want a fed chair that is simply going to be a puppet for the president. Doesnt matter republican or democrat, there needs to be independence to make the right decisions, even when those decisions might not be popular. I don't know anything about Warsh, I just hope he does whats right for the country and not worry about making decisions that others think he should make. Let the flaming begin.....

He’s going to do his best to say the right things and try to act independent……but you KNOW as does everyone on this planet that discussions have happened and Mr. Warsh knows his place for the next few years. Whoever was nominated was likely the most amicable to this. Happy trapping! ScottW

Ps, I’m not an economist or economic expert!

Same discussions as when Trump nominated Powell?

No, that was different.

And as to why would he keep working……I’ve seen many on here say they’ll keep working until they die as it keeps them young and engaged. I can see both sides of it as some people do NOT know when to quit and never get to enjoy “retirement” while some do and find a good balance. I just hope to make it long enough to be mulling those type of choices! Powell seems very cognitively functional comparatively to many his age so I can see why he is still working. Granted, I’m sure he might be happy to sail off into the sunset and be done with being belittled for doing his job properly. Happy trapping! ScottW

AMEN !

Frankly I hope Tillis blocks any nominee for the foreseeable future.

This whole process has been tacky with the four potential candidates sucking up in hopes of being nominated.

No matter who it is,,,, nothing changes

Canttilon effect,,,, look it up

Sure, lol

Lots of people think Powell did a poor job and I agree. He raised rates too late and lowered too early.

"They* say Warsh is a hawk, the markets are reacting like he will be. I'll believe it when I see it.

Somebody has been doing a real good job of twisting Trump's arm since he got in office.

X2

The fed chair is just the spokesperson for a group of bankster’s, doing bankster things

Their sole purpose is to protect THEIR assets

They’ll happily throw Joe citizens under the bus,,, just so they don’t take the hit

The fed only controls short term rates. With China dumping our bonds and no one int6 in buying them won't mortgage rates go uo regardless of what short term rates do?

Seems like i was reading something about mortgage rated being tied to the bond market. But its been a while and a lot of the financial stuff runs together after a while.

Yes. most mortgage rates are based on the 10 year treasury note